D.—s.

Statement of Accounts. Revenue Account for the Year ended 31st March, 1942.

Expenditure. £ s. d. Income. £ s. dp«+irm» allowances to members .. •• 506,386 1 4 Members contributions .. .. •• 218,40-.il 2 Allowances to widows and children .. .. 40,134 19 0 Members' contributions on account of casual Refund of'total contributions .. •• 68,056 5 9 service .. •• •• ■■ Q Refund, of contributions in excess of allowances • • drawn by deceased beneficiaries .. .. 1»489 J? Subsidies—wUt* •«»« SaSKSK! :: :: :: ™:S !! S War-damage insurance .. • ■ Increased allowances to annuitants as pro-Travelling-expenses of Board members .. 80 17 6 videdfor by Statutes Amendment Act, 1936 3,118 3 4 itr r 1 296 6 2 Working Railways, on account of increased Pub ic Trust commission .. .. l allowances to widows and children .. 17,446 16 0 Public Trust charges (legal cost) . . .. 50 0 0 New Zealand Railway Officers'lnstitute .. 13 15 5 Audit lee .. •• 2 New Zealand Railway Tradesmen's AssociaPosTaees " " •• •• '497 16 0 tion 18 16 11 : 1,5,32 "ssrtjsscftr. Amalgamated Society of Railway Servants 8 7 7 Interest — £ s - d. Investments .. .. 52,13! Ull Treasury Department .. 9,902 14 0 J 62,034 5 11 Commission on Government Life Insurance collections .. .. • • • ■ 52 6 10 Balance carried down, being excess of expenditure over income for the year .. .. 60,846 0 4 620,978 14 10 620,978 14 10 £ s. d. ® SBalance brought down 60,846 0 4 Accumulated funds brought forward on Ist 2 Balance, accumulated funds as at 31st March .. 1,187,537 110 April .. .. •• •• '' ' £1,248,383 22 £1,248,383 22 Balance-sheet as at 31st March, 1942. Liabilities. £ s - d. Assets. Accumulated funds as per Revenue Account .. 1,187,537 110 Investment Account— s. • Casual employees' contingent contributions .. 19,749 18 10 Investments .. ..1,192,316 4 5 Retiring and other allowances due (not paid)— Cash in hand .. .. ] 595 711 14 (j Members • • • • • • 424 1 i 1 Widows and children .. .. 449 010 Current AccountRefund of contributions authorized (not paid) 970 19 3 Cash in hand .. '' " 176 2 1 Refund of contributions in excess of allowances Contributions and fines m transit .. drawn by beneficiaries (not paid) .. ... 1 1 Contributions due by- q £ B - d - Transfers to other funds authorized (not paid) 23 5 1 Army Departmen .. '' Interest paid in advance 600 14 8 Navy Department 9,0010 Public Trustee .. 513 7 0 Air Force Department.. 2,792 1 0 g Reserve for bad and doubtful debts .. 4,000 0 0 r o qi'i on Rebates of contributions (National Expenditure Contributions outstanding . .. .. 6 Adjustment Act, 1932) .. .. 56.4»| 15 0 OjUWj. ■ Vy — »»- < IS ,„ „ , Sundry creditors « » » W oSsKZye- ' On account of increased allowances to annuitants as provided for by Statutes Amendment Act, 1936 .. . ■ 519 12 6 On account of cost-of-living bonus .. 41 0 10 On account of additional allowances to widows and children . . .. • • • • 3,034 16 3 Interest due not paid .. •• 7,646 14 3 Interest accrued but not due .. .. 12,074 10 5 Insurance premiums .. •• •• 19 11 War damage insurance .. .. ■ • 304 6 6 £1,250,996 13 8 £1,250,996 13 8 R. Semple, W Bishop Chairman of the Government Railways Chief Accountant, New Zealand Railways. Superannuation Fund Board. I hereby certify that the 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.-—Cyril G. Collins, Controller and Auditor-General. Approximate Cost of Paper—Preparation, not given; printing (955 copies), £10 109.

By Authority: E. V. Paul, Government Printer, Wellington.—l 942.

Price 3d.]

4