D, 5

D. G. Sullivas, ' 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. Fowleb, Controller and Auditor-General.

Statement of Accounts, etc.— continued. Balance-sheet as at 31st March, 1939.

6

LIABILITIES. 1938-39. 1937-38. ASSETS. 1938-39. 1937-38. i s. d. £ s. d. £ g. d. £ s. d. Accumulated funds as per Revenue Account .. .. 1,282,354 0 2 1,272,724 7 5 Investment Account — £ s. d. Causal employees' contingent contributions .. .. 13,043 8 9 8,833 17 11 Investments .. .. .. 1,257,425 18 1 Retiring and other allowances due (not paid) — Cash in hand .. .. .. 3,991 3 7 Members .. .. .. .. .. .. 1,122 2 10 672 110 1,261,417 1 8 1,252,986 17 10 Widows and children .. .. .. .. .. 209 11 1 150 5 6 Current Account — Refund of contributions authorized (not paid) .. .. 1,043 7 9 151 0 7 Cash in hand .. .. .. . .. 12,490 14 5 10,966 15 1 Refund of contributions in excess of allowance drawn by 175 17 10 208 10 7 Contributions and fines in transit .. .. .. 16,765 18 0 15,017 5 10 beneficiaries (not paid) Contributions outstanding .. .. .. .. 922 1 1 674 3 6 Transfers to other funds authorized (not paid) .. .. 21 3 7 20 11 8 Contributions due by members in respect of casual service 28,367 17 2 20,558 1 5 Interest paid in advance .. .. .. .. .. 366 13 1 217 6 9 Working Railways — Public Trust Office .. .. .. .. .. 945 13 4 1,280 5 3 On account of increased allowances to annuitants as provided 268 7 10 282 19 0 Reserve for bad and doubtful debts .. .. .. 4,000 0 0 6,000 0 0 for by Statutes Amendment Act, 1936 Rebates of contributions (National Expenditure Adjustment 40,046 5 4 41,125 19 0 On account of cost-of-living bonus .. .. .. 115 8 1 123 19 1 Act, 1932) On account of additional allowance to widows and children.. 1,014 19 3 1,016 2 11 Subsidypaid in advance .. .. .. .. .. 3 7 11 2 10 9 Interest due not paid .. .. .. .. .. 10,064 9 3 18,047 11 2 Sundry creditors .. .. .. .. .. 57 10 0 132 10 0 Interest accrued but not due .. .. .. .. 12,550 8 9 12,839 2 5 Conbributions paid in advance .. .. .. .. 612 15 4 1,107 7 0 Rates and fees paid .. .. .. .. .. 1 11 1 91 IS 3 Insurance premiums .. .. .. .. .. 23 0 5 21 17 9 1,344,001 17 0 1,332,626 14 3 1,344,001 17 0 1,332,626 14 3