D.—s.

Statement of Accounts in accordance with Section 123, Government Railways Act, 1926. Revenue Account for the Year ended 31st March, 1932.

4

EXPENDITURE. 1931-32. 1930-31. INCOME. 1931-32. 1030-31. £ s. d. £ s. d. £ B. d. £ s. d. > To Retiring-allowances to members .. .. .. 346,527 1 3 269,601 11 10 By Members' contributions .. .. .. .. 141,685 3 2 166,599 13 8 Allowances to widows and children .. .. .. 27,147 18 6 26,442 12 0 Members' contributions on account of casual service .. 554 0 5 4,085 17 2 Refunds of total contributions .. .. .. 20,752 3 0 14,971 4 7 Fines .. .. .. .. .. .. 49 10 0 Refunds of contributions in excess of allowances drawn by 449 16 2 796 10 0 Subsidies — deceased beneficiaries | Working Railways .. .. .. .. 170,000 0 0 170,000 0 0 Transfers to other funds .. .. .. .. 310 10 10 152 5 3 Working Railways, on account of increased allowances 12,200 5 1 11,958 11 1 Interest remitted .. .. .. .. .. 87 0 0 105 0 0 to widows and children Reserve for bad and doubtful debts .. .. .. 4,000 0 0 i .. New Zealand Railway Officers Institute, on account of 1 18 0 0 2 10 0 Administration charges — Richard Hampton Travelling-expenses of Board members .. .. 109 13 0 101 2 6 Interest .. .. .. .. .. j 84,483 3 2 80,049 3 2 Public Trust Office commission .. .. .. 2,323 10 5 2,462 0 1 Commission on Government Life Insurance collections . . 33 15 5 22 11 11 Public Trust mortgage-inspection fees .. .. .. 4 13 0 Audit Office fee .. .. .. .. .. 50 0 0 50 0 0 Salaries .. .. .. .. .. .. 1,193 1 3 1.334 9 5 Postages .. .. .. .. .. .. 323 7 1 116 9 5 Printing and stationery .. .. .. .. 92 16 8 40 10 6 Balance carried down, being excess of income over expendi- 5,656 19 1 116,539 18 5 ture for the year ! 409,023 17 3 432,718 7 0 409,023 17 3 ; 432,718 7 0 To Amounts previously written off, now claimed — By Accumulated funds brought forward on 1st April, 1931 .. 1,488,565 18 3 1,371,918 12 3 Refunds of contributions .. .. .. ... 14 11 8 2 14 1 Amounts unclaimed written off — Rebates of contributions in respect of previous years (Finance 40,034 17 4 .. Refunds of contributions .. .. .. .. .. 21 6 8 Act, 1931) Retiring-allowances .. .. .. .. .. 5 15 6 Balance, accumulated funds as at 31st March, 1932 .. 1,454,173 8 4 1,488,565 18 3 Widows'allowances .. .. .. .. 1 .. 82 19 6 Bala nee brought down .. .. .. . . j 5,656 19 1 116,539 18 5 1,494,222 17 4 12,488 ,568 12 4 1,494,222 17 4 1.488 ,568 12 4 . , ! : I