D.—5A.

TABLE VIII. CONSOLIDATED REVENUE ACCOUNT. Government Railways Superannuation Fund from Ist January, 1903, to 31st March, 1934. Income. £ s. d. Expenditure. £ s. d. Fund at Ist January, 1903 .. .. .. Pensions to members .. .. 4,182,841 9 1 Transfer from Railway Servants' Fund 3,606 7 9 Allowances to widows and children .. 419,412 12 10 Members'contributions .. .. 3,155,436 0 8 Contributions refunded .. .. 626,569 5 0 Arrears of contributions, employees Transfers to other Funds .. .. 4,754 19 6 Wellington-Manawatu Railway Co. 7,232 10 8 Public Trust Office Commission .. 23,060 4 10 Contributions by Wellington-Manawatu Travelling and legal expenses .. 1,903 11 2 Railway Co. .. .. .. 5,000 0 0 Fines remitted .. .. .. 75 13 4 Contribution by Amalgamated Society Other payments .. .. .. 27,713 211 Railway Servants .. .. 1,500 0 0 Funds at 31st March, 1934 .. .. 1,240,830 15 8 Government subsidy .. .. 2,310,000 0 0 Subsidy under section 114, Government Railways Act, 1926 .. .. 111,611 11 11 Subsidy Amalgamated Society Railway Servants .. .. .. 214 13 4 Interest from investments .. .. 919,663 17 8 Transfers from other Funds .. 17 12 0 Fines .. .. .. .. 9,525 1 4 Other receipts .. .. .. 3,353 19 0 £6,527,161 14 4 £6,527,161 14 4 TABLE IX. SUMMARY OF GOVERNMENT RAILWAYS SUPERANNUATION FUND. Valuation Balance-sheet as at 31st March, 1934. Liabilities. Value of — £ 2,348 pensions for £424,458 2s. 6d. per annum already granted .. .. .. 4,133,199 606 pensions for £18,786 per annum granted to widows of contributors .. .. 222,964 398 pensions for £10,348 per annum granted to children of contributors .. .. 38,584 Prospective pensions for back service .. .. .. .. .. 4,093,533 Prospective pensions for future service .. .. .. .. .. 2,601,294 Prospective pensions to widows .. .. .. .. .. .. 226,969 Prospective pensions to children .. .. .. .. .. .. 99,575 Return of contributions on death .. .. .. .. . . . . 30,105 Return of contributions on withdrawal .. .. .. .. .. 390,481 £11,836,704 Assets. Accumulated funds .. .. .. .. .. .. .. .. 1.240,831 Value of — Future contributions .. .. .. .. .. .. .. 1,495,975 Subsidy of £170,000 per annum now being paid .. .. .. .. 3,777,778 Subsidy under section 114, Government Railways Act, 1926 .. .. .. 257,760 Future increases in subsidy to be provided .. .. .. .. .. 5,064,360 £11,836,704 * Approximate Cost of Paper.—Preparation, not given; printing (944 copies), £28 10s.

By Authority: G. H. Loney, Government Printer, Wellington.—l 936.

Price 9d.]

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