D.—s.

D. G. Sullivan, Chairman of the Government Railways Chief Accountant, New Zealand Railways. Superannuation Fund Board. I hereby certify that the Statement 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. Controller and Auditor-General.

Statement of Accounts, etc.— continued. Balance-sheet as at 31st, March, 1938.

6

LIABILITIES. 1937-38. j 1936-37. ASSETS. 1937-38. 1936-37. £ s. d. £ s. d, £ s. d. £ a. d. Accumulated funds as per Revenue Account .. .. 1,272,724 7 5 1,250,860 10 2 Investment Account — £ s. d. Casual employees' contingent contributions .. .. 8,833 17 11 15,624 8 5 Investments .. .. .. 1,251,278 2 1 Retiring and other allowances due (not paid) — Cash in hand .. .. .. 1,708 15 9 Members .. .. .. .. .. .. 672 1 10 859 18 2 — , 1,252,986 17 10 1,234,574 17 4 Widows and children .. . . .. .. .. 150 5 6 138 3 3 Current Account — Refund of contributions authorized (not paid> .. .. 151 0 7 218 1 8 Cash in hand .. .. .. .. 10,966 15 1 28,933 15 7 Refund of contributions in excess of allowance drawn by 208 10 7 .. Contributions and fines in transit .. .. .. 15,017 5 10 14.831 13 8 beneficiaries (not paid) Contributions outstanding .. .. .. .. 674 3 6 629 7 7 Transfers to other funds authorized (not paid) .. .. 20 11 8 18 14 1 Contributions due by members in respect of casual service 20,558 1 5 4,225 12 10 Interest paid in advance .. .. .. .. 217 6 9 228 4 6 Working Railways — Public Trust Office .. .. .. .. .. 1,280 5 3 1,006 7 3 On account of increased allowances to annuitants as pro- 282 19 0 Reserve for bad and doubtful debts .. .. .. 6,000 0 0 6,000 0 0 vided for by Statutes Amendment Act, 1936 Rebates of contributions (National Expenditure Adjustment 41,125 19 0 41,941 14 8 On account of cost-of-living bonus .. .. .. 123 19 1 144 4 8 Act, 1932) On account of additional allowance to widows and children 1,016 2 ]1 988 13 4 Subsidy paid in advance.. .. .. .. .. 2 10 9 .. Interest due not paid ,. .. .. .. .. 18,047 11 2 19,852 16 2 Sundry creditors .. .. .. .. .. 132 10 0 380 0 0 Interest accrued but not due .. .. .. .. 12,839 2 5 12,953 5 4 Contributions paid in advance .. .. .. .. 1,107 7 0 .. Rates and fees paid . . .. . . .. 91 18 3 ' 114 5 7 Insurance premiums .. .. .. .. .. 21 17 9 27 3 11 1,332,626 14 3 1,317,276 2 2 Sundry debtors .. .. .. .. .. .. 6 2 1,332,626 14 3 1,317,276 2 2