D.—s

- James H. Gunson, H. Valentine, Acting-Chairman of the Government Railways Chief Accountant, New Zealand Railways. Superannuation Fund Board. I hereby certify that the Statements of Receipts and Payments, Revenue Account, and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby.— J. H. Fowler, Deputy Controller and Auditor-General.

Statement of Accounts, etc.— continued. Balance-sheet as at 31st March, 1935.

6

LIABILITIES. 1934-35. 1933-34. ASSETS. 1834-35. 1933-34. £ s. d. £ a. d. £ s. d. £ s. d. Accumulated funds as per Revenue Account .. .. 1,239,705 5 0 1,240,830 15 8 Investment Account — £ s. d. Casual employees' contingent contributions .. .. 10,507 16 5 8,566 16 8 I Investments .. .. .. 1,153,389 11 1 Retiring and other allowances due (not paid) — Cash in hand .. .. .. 64,876 2 11 Members .. ... .. .. .. .. 254 8 11 506 19 5 1,218,265 14 0 1,239,783 6 10 Widows and children .. .. .. .. .. 113 17 10 152 13 3 Current Account — Refund of contributions authorized (not paid) .. .. 346 9 1 299 8 9 Cash in hand .. .. .. .. .. 29,259 16 5 5,717 10 1 Transfers to other funds authorized (not paid) .. .. 17 14 3 17 14 3 Contributions and fines in transit .. .. .. 10,799 10 11 10,353 1 8 Interest paid in advance ., .. .. .. 284 15 4 489 12 2 Contributions outstanding .. .. .. .. 674 9 8 588 19 10 Public Trust Office .. .. .. .. .. 1,220 2 0 4,068 4 9 Contributions due by members in respect of casual service 2,688 8 0 2,597 12 10 Reserve for bad and doubtful debts .. .. .. 5,000 0 0 6,500 0 0 Working Railways — Rebates of contributions (National Expenditure Adjustment 43,016 3 6 43,968 7 0 On account of cost-of-living bonus .. .. .. 65 11 5 j 6Z 14 4 Act, 1932) On account of additional allowance to widows and children 1,037 0 11 j 1,016 14 8 Interest due not paid .. .. .. .. .. 24,109 6 8 31,308 8 4 Interest accrued but not due .. .. .. .. 13,203 16 10 13,657 7 10 Rates and fees paid .. .. .. .. .. 350 0 1 261 12 8 Insurance premium .. .. .. .. .. 12 6 6 22 6 9 Sundry debtors .. .. .. .. .. 0 10 11 29 16 1 1,300,466 12 4 1,305,400 11 11 1,300,466 12 4 \l,305, 400 11 11