D.—2.

STATEMENT No I—continued.1 —continued. General Balance-sheet as at 31st March, 1938. Liabilities. Assets. Sundry creditors— £ s. d. £ s. d. £ p. d. £ s. d. General creditors (including Sawmills, bush areas, and stock unpaid wages) and credit of timber .. .. .. 191,784 1 10 balances .. .. 786,189 19 0 Stores and material on hand— Government Departments .. 33,728 3 10 Stores Branch .. .. 1,275,000 7 11 819,918 2 10 Subsidiary Services .. 17,871 14 7 Collections for refund to— 1,292,872 2 6 Harbour Boards, shipping Sundry assets — companies, and other Advertising Branch .. 22,768 9 4 carriers .. .. 34,362 11 5 Refreshment Branch .. 35,411 10 10 Government Departments 175 13 11 Housing improvements .. 10,812 1 7 34,538 5 4 68,992 1 9 Items to be written off on Sundry debtors— receipt of Parliamentary Advances to capital .. 97,492 5 7 authority .. .. .. 8,338 18 8 Government Departments .. 52,167 8 5 General reserve .. .. 1,144,552 17 8 Advances: Housing scheme Depreciation reserve .. 321,622 2 6 under Government RailKenewals reserve .. .. 790,489 16 11 ways Amendment Act, Insurance reserves— 1927, section 15 (5) RailFire .. .. .. 106,169 3 2 way employees .. .. 368 211 Workers' compensation .. 44,558 3 6 Work in progress, sundry Slips, floods, and accidents .. 20,385 3 6 debtors, and debit balances 310,149 19 3 2,427,777 7 3 460,177 16 2 Employment Promotion Fund — Employment Promotion Fund— Subsidy on works .. .. .. .. 307,488 7 7 Subsidized works .. .. 307,488 7 7 Betterments reserve — Accrued interest on investments .. 3,493 3 0 Refreshment Branch .. .. .. 1,794 4 6 Outstanding at stations — Sick Benefit Fund .. .. .. . . 47,408 8 5 Cash in hand .. .. 46,335 9 3 Freights, &c., owing by Government Departments 62,424 5 0 Freights, &c., owing by sundry debtors .. .. 155,928 5 2 264,687 19 5 Working Railways Investments .. .. 250,000 0 0 Sick Benefit Fund Investments .. .. 46,916 3 3 Cash in Working Railways Account .. .. 760,851 19 1 £3,647,263 14 7 £3,647,263 14 7 W. Bishop, A.R.A.N.Z., Chief Accountant. I hereby certify that the Balance-sheet and accompanying accounts have been duly examined and compared with the relative books and documents submitted for audit, and correctly set out the position as disclosed thereby, subject to the above departmental note, and to the exception that the cost of exchange in respect of interest payments made in London during the year for the purposes of this account has not been charged to the account but has been borne by the Consolidated Fund. —J. H. Fowler, Controller and Auditor-General.

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