D.-5.

Table D. —Statement of Investments.

Per Cent. Per Cent. Average rate of interest on securities held at 31st March. .. 4-672 4-716 Average rate of interest earned on the mean funds, including reimbursements made by the Treasury in respect of reduction of interest . . .. .. .. .. 5 ■ 697 5 • 75 Statement of Accounts in accordance with Section 123, Government Railways Act, 1926. Receipts and Payments Account for the Year ended 31st March, 1935. . Receipts. Payments. Dr. £ s. d. Or. £ s. d. To Balance in hands of Public Trustee on 31st By Retiring-allowances paid to members .. 422,380 3 0 March, 1934 .. .. .. .. 5,717 10 1 Allowances to widows and children .. 29,059 3 0 Contributions by staff .. .. 136,535 17 5 Contribntions refunded to members who have Contributions by contingent contributors .. 2,469 1 6 left the Service .. .. .. 20,994 4 2 Fines .. .. .. .. .. 126 10 0 Contributions refunded to contingent members Working Railways Account — who have left the Service .. .. 1,297 3 4 Subsidy ... .. .. .. 170,000 0 0 Rebates of contributions .. .. .. 153 10 1 Increased allowances to widows and children 12,979 2 0 Refunds to legal representatives of deceased Cost-of-living bonus to annuitants .. 773 10 10 beneficiaries under section 120 (c) of GoSubsidies from— vernment Railways Act, 1926 .. .. 480 11 10 New Zealand Railway Officers' Institute on Contributions transferred to other funds .. 183 13 6 account of Richard Hampton .. .. 18 11 5 Travelling-expenses of Board members .. 77 1 0 Railway Tradesmen's Association on account Public Trust charges (legal costs) .. .. 62 18 11 of Samuel Ingram .. .. .. 24 15 3 Public Trust commission .. .. .. 1,861 13 5 New Zealand Engine-drivers, Firemen, and Rates and fees paid on account of mortgagors Cleaners' Association on account of (recoverable) .. .. .. .. 77 18 3 Thomas H. Stephenson .. .. 60 5 5 Audit Office fee .. .. .. .. 50 0 0 Consolidated Fund .. .. .. 87,000 0 0 Insurance premiums (recoverable) .. .. 0 811 Interest— £ s. d. Salaries .. .. .. .. 1,154 7 0 Investments .. .. 63,608 11 2 Postages .. .. .. .. 194 2 6 Treasury Department .. 12,138 0 0 Printing and stationery .. .. .. 33 12 0 75,746 11 2 Cost-of-living bonus to annuitants .. .. 775 7 11 Investments .. .. .. .. 16,595 16 4 Balance in hands of Public Trustee at 31st Commission on collection of Government Life March, 1935 .. .. .. .. 29,259 16 5 Insurance premiums .. .. .. 48 310 £508,095 15 3 £508,095 15 3 —..... . — .^^—

4

Funds invested at 31st March. 1935. 1934. J £ s. d. ! £ s. d. At 3* percent. .. .. .. .. .. 5,446 9 4 5,000 0 0 „3-5* „ .. .. .. .. .. 2,600 0 0 2,800 0 0 „4 „ .. .. .. .. .. 233,965 5 0 232,149 16 3 „4-25 „ .. .. .. .. .. 146,468 19 10 148,360 0 0 „4-4 „ .. .. .. .. .. 655 0 0 5,130 0 0 „4-5 „ .. .. .. .. .. 43,248 16 3 „4-6 „ .. .. .. .. .. .. 250 0 0 „4-8 „ .. .. 27,613 16 11 „5-0 „ .. .. .. .. .. 717,589 5 8 806,516 10 7 „5-2 „ .. .. .. .. .. 120 0 0 2,630 0 0 „6-0 „ .. .. .. .. .. 3,295 15 0 3,334 0 0 Cask in hand .. .. .. .. .. .. 64,876 2 11 5,999 3 1 1,218,265 14 0 1,239,783 6 10 * Under Court orders.