B.—l [PT. I].

PUBLIC ACCOUNTS, 1 9 37-1938.

WORKING RAILWAYS ACCOUNT.

INVESTMENT ACCOUNT.

G. C. Rodda, Secretary to the Treasury. B. C. Ashwin, Accountant to the Treasury. The Treasury, Wellington, 3rd June, 1938. The foregoing accounts have been examined and found correct. J. H. Fowler, Controller and Auditor-General. 10th June, 1938. JJote. This certificate is given subject to the filial audit of certain vouchers, which, owing to the post-audit system provided for by the Public Revenues Act, 1926, cannot be completely, audited before the date at which the abstract is required by the Act to be certified.

31

Year ! Year ended 31st March, ended 31st March, 1938. 1937. EXPENDITURE. j Net. Gross. Credits. Net. £ s. d. Annual Appropriation,— £ s. d. £ s. d. £ s. d. 7,136,407 9 9 Vote-Working Railways 9,412,960 17 4 1,456,161 1 5 7,956,799 15 11 Unauthorized expenditure — 641 8 3 Services not provided for . . .. . . .. 144 0 6 144 0 6 7,137,048 18 0 9,413,104 17 10 1,456,305 1 11 7,956,799 15 11 903,858 3 9 Interest on Capital Moneys expended on Railways (on account).. .. .. 632,796 17 3 8,000 0 0 Subsidy to Railways Employees'Sick Benefit Fund .. .. .. .. 8,000 0 0 Balances at end of Year, — 615,012 16 11 Cash* .. .. .. .. •• •• •• 630,239 3 9 58,240 18 2 Imprests outstanding .. .. .. .. .. 130,079 12 5 760,318 16 2 673,253 15 1 Investment Account— 587,940 0 0 Securities held .. .. .. •• •• 250,000 0 0 Securities held on behalf of Railways Employees' Sick 40,545 5 2 Benefit Fund .. .. .. .. .. • • 46,916 3 3 | — 296,916 3 3 628,485 5 2 j£9,350,646 2 0 Totals .. .. .. .. .. .. £9,654,831 12 7^ * This includes Public Account Cash Balance InYestments, which it is not possible to allocate to the individual accounts.

Year Year ended 81st Makoh. ended 31st March, EXPENDITURE 1938 1937. £ a. d. Balances at end of Year, — £ s. d. X>/\200,000 0 0 Cash .. .. .. •• •• •• •• •• •• Z>r.920,000 0 0 Investment Account — 200,000 0 0 Securities held .. .. .. .. •• •• ■■ 920,000 0 0 Totals