B.—l [Pt. IV^Bup.^BJ.

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GOVERNMENT RAILWAYS SUPERANNUATION FUND. Statement of Accounts in accordance with Section 90, Government Railways Act, 1908 Revenue Account for Year ended 31st March, 1924. Expenditure. £ s. d. Income. £ s. d. To Retiring-ailowanccs to members .. 157,238 18 6 By Members'contributions .. .. 129,555 1 9 Allowances to widows and children .. 14,425 18 0 Members' contributions on account of Refunds of total contributions .. 27,053 0 5 casual .service .. .. .. 3,593 0 5 Refunds of contributions in excess of Fines .. .. .. . . 431 5 0 allowances drawn by deceased bene- Subsidies .. .. .. 125,000 0 0 ficiaries .. .. .. 674 15 2 Donations .. .. .. 5 0 0 Travelling-expenses of Board members 02 610 interest .. .. .. .. 28,565 11 0 Public Trust Office charges. . .. 219 0 Audit fees .. .. .. 50 0 0 Transfers to other funds .. .. 33 15 1 Balance carried down, being excess of income over expenditure for year . . 87,008 4 2 £287,150 4 2 £287,150 4 2 By Accumulated funds brought forward To Balance, accumulated funds at 31st on Ist April, 1923 .. .. 584,219 2 4 ' March, 1924 .. .. .. 671,827 6 6 Balance brought down .. .. 87,608 4 2 £671,827 6 6 £671,827 0 0 Balance-sheet as at 31st March, 1924. Liabilities. £ s. d. Assets. £ s. d. Accumulated funds as per Revenue In hands of Public Trustee .. .. 654,546 10 II Account .. .. .. .. 071,827 0 0 Contributions and lines in transit .. 10,734 0 5 Retiring and other allowances duo, not Contributions outstanding .. .. 601 11 3 paid—■ Contributions duo by members in respect Members .. .. .. 529 10 5 of casual service .. .. .. 0,101 10 0 Widows and children .1 .. 154 19 1 Allowances recoverable .. .. 70 0 0 Refunds of contributions .. .. 900 010 Treasury, cost-of-living bonus .. .. 1,473 12 7 Refunds of contributions in excess of allowances drawn by deceased beneficiaries .. .."' .. .. 116 11 5 Transfers to other funds .. .. 4 11 5 £073,593 11 8 £073,593 11 8 COST-OF-LIVING BONUS ACCOUNT. Disbursements and Recoveries durimj the Year ended 31 si March, 1924. £ s. d. £ s. d. To Balance due by Treasury, 31st March, By Cash received from Treasury .. 18,708 0 7 1923 .. .. •• •• 1,481 6 2 Balance duo by Treasury, 31st March, Disbursements to annuitants .. 18,700 7 0 1924 .. .. .. .. 1,473 12 7 £20,181 13 2 £20,181 13 2 J, G. COATES, Chairman of the Government Railways Superannuation Fund Board. L. Hamann, Chief Accountant, New Zealand Railways. I hereby certify that the statement of receipts and payments, Revenue Account, and balancesheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby.—G. F. C. Campbell, Controller and Auditor-General.