2

D.—s

The amounts shown in the list attached to the balance-sheet are those actually disbursed during the year, and do not represent the total annual allowances granted by the Board to the 31st March, 1909, which were : — , X 8. Q. Life allowances on account of voluntary retirements (501 persons).. 33,908, 9 3 Life allowances on account of retirements as " medically unfit" (95persons) M" *j> j| Allowances to 131 widows and 249 children .. .. • • 5,604 6 9 Total annual allowances granted .. .. .. £44,969 9 9 Ninety-six beneficiaries have, however, died since the inauguration of the Fund, including twentysix during the year under review, and seven members who had been placed on the Fund as medically unfit" resumed duty. The Fund was relieved of an annual liability of £6,298 19s. sd. m respect to these one hundred and three members. Sixty-one children have reached the age of fourteen years (seventeen during the past year), three children have died (one during the past year), ten widows remarried (four during the past year), and three widows died, lessening the liability of the *und by an additional £1,068 Bs. per annum. Seven hundred and ninety-six persons were actually on the Fund at the 31st March, 1908, involving an annual liability of £37,602 2s. 4d. J. A. MILLAB, Minister of Eailways, Chairman of the Board of Administration.

Balance-sheet of the Government Eailways Superannuation Fund, under Section 90 of " The Government Eailways Act, 1908," for the Year ended 31st March, 1909. Dr, £ b. d. I Or. £ s. d. To Balance brought forward on Ist April, I By Life allowances paid, let April, 1908, 1908 .. .. .. .. 126,642 18 11 I to 31st March, 1909 .. .. 31,054 8 3 Contributions by members .. .. 52,956 6 lj Allowances paid to widows and orphans, Arrears of contributions paid by em- 22ndMarch, 1908,to20thMarch,1909 4,198 6 8 ployees of the Wellington and Mana- Payments under section 86, (c), of " The watu Bailway Company in terms of Government Railways Act, 1908 " .. 225 7 2 section 96, (2), of " The Government Paymentunder section 82, (3), of " The Eailways Act, 1908" .. .. 5,478 5 7 Government Railways Act, 1908".. 251 3 6 Pines .. .. .. .. 298 15 0 Contributions refunded to members Contribution by Wellington and Mana- who have left the service .. .. 4,880 11 8 watu Railway Company in terms of Fines remitted and refunded .. 7 7 6 section 96, (2), of " The Government Travelling-expenses of members of Railways Act, 1908" .. ~ 5,000 0 0 Board attending quarterly meetings 511110 Payment made by the Amalgamated Public Trust Office Commission .. 613 3 6 Society of Railway Servants in terms Balance at 31st March, 1909, as per of section 55, (1), of " The Public statement from Public Trust Office, Service Classification and Superan- carried forward .. .. .. 157,151 14 9 nuation Amendment Act, 1908" .. 1.500 0 0 Interest added by Public Trust Office for year ended 31st Maroh, 1909 .. 6,557 9 3; £198,433 14 10 £198,433 14 10 J. A. MILLAE, Chairman of the Government Eailways Superannuation Fund Board. H. Davidson, Chief Accountant, New Zealand Eailways. Examined and found correct.— J. K. Waebukton, Controller and Auditor-General.— 27th May, 1909.