t>.— 5

Table D. —Statement of Investments.

Per Cent. Per Cent. Average rate of interest on securities held at 31st March .. 4-577 4-672 Average rate of interest earned on the mean funds, including reimbursements made by the Treasury in respect of reduction of interest .. .. • • . • .. 5 ■ 484 5 • 697 Statement of Accounts in accordance with Section 123, Government Railways Act, 1926. Receipts and Payments Account for the Year ended 31st March, 1933. Receipts. Payments. Dr. £ s - d - Gr - £ s. d. To Balance in hands of Public Trustee on 31st By Retiring-allowances paid to members .. 419,600 16 8 March, 1935 .. •• •• 29,259 16 5 Allowances to widows and children .. 29,039 1 5 Contributions by staff . . • • • • 141,563 19 1 Contributions refunded to members who have Contributions by contingent contributors .. 3,638 6 8 left the Service .. .. .. 15,083 18 5 jc; nes _ _ .. . . .. .. 145 5 0 Contributions refunded to contingent members Working Railways Account— who have left the Service .. .. 684 14 9 Subsidy . • •• •• •• 170,000 0 0 Rebates of contributions .. .. .. 83 7 9 Increased allowances to widows and children 12,966 16 4 Refunds to legal representatives of deceased Cost-of-living bonus to annuitants .. .. 1,047 18 4 beneficiaries under section 120 (c) of GoSubsidies from vernment Railways Act, 1926 .. .. 624 14 5 New Zealand Railway Officers'lnstitute .. 414 11 Contributions transferred to other funds .. 600 2 9 Railway Tradesmen's Association .. 24 5 3 Travelling-expenses of Board members .. 78 17 0 New Zealand Engine-drivers, Firemen, and Public Trust charges (legal costs) .. .. 24 18 6 Cleaners' Association .. .. •• 33 10 1 Public Trust commission .. .. .. 1,517 17 1 Consolidated Fund .. . ■ 82,200 0 0 Audit Office fee .. .. .. .. 50 0 0 Interest £ s - d. Insurance premiums (recoverable) .. .. 10 6 5 Investments .. •• 53,291 12 4 Salaries .. .. .. .. 1,177 14 2 Treasury Department .. 11,861 0 0 Postage .. .. .. .. 1511811 65,152 12 4 Printing and stationery .. .. .. 45 9 2 Rates and fees (recovered) .. 79 15 4 Cost-of-living bonus to annuitants .. .. 1,138 1 11 Commission on collection of Go vernment Life Investments .. . . .. .. 5,467 1 3 Insurance premiums .. .. • • 47 15 4 Balance in hands of Public Trustee at 31st March, 1936 .. .. .. .. 30,785 14 6 £506,164 15 1 £506,164 15 1

4

Funds invested at 31st March. 1936. 1935. I £ s. d. £ s. d. At 3 per cent. .. .. .. . ■ . • • • 5,446 9 4 „'3-375 „ .. .. .. •• •• 25,000 0 0 3-5 „ .. .. .. •• 13,121 7 6 2,600 0 0 ,4 „ .. .. •• .. •• 232,145 10 0 233,965 5 0 „ 4-25 „ .. .. •• •• •• 188,120 1 3 146,468 19 10 „4-4 „ .. .. .. -. • • 335 0 0 655 0 0 „4-5 „ .. •• •• ■■ •• 117,354 11 2 43,248 16 3 „5-0 „ 576,038 7 10 717,589 5 8 ,5-2 „ .. .. .. .. .. 90 0 0 120 0 0 „6-0 „ .. .. •• 3,255 5 0 3,295 15 0 Cash in hand .. .. .. •• •• 68,272 12 6 64,876 2 11 1,223,732 15 3 1,218,265 14 0