D. —2

STATEMENT No. 12 Statement of Cash Receipts and Payments—Working Railways Account Receipts £ Payments £ Balance brought forward .. .. .. 997,360 Wages and vouchers— Revenue receipts .. .. .. 14,598,050 Working Railways .. .. .. 15,373,239 " Credits-in-aid " (Working Railways) .. 1,770,289 Railways improvements and additions to " Credits-in-aid" (railway improvements and open lines .. .. .. .. 334,863 additions to open lines) .. .. .. 8,806 Refunds to Harbour Boards, shipping comNational Development Loans Account .. 343,000 panies, and other carriers . ! .. 587,669 Contributions to Sick Benefit Fund .. 49,022 Interest on Capital . . .. .. 1,100,000 Interest on investments .. .. .. 28,293 Investments purchased .. .. .. 475,133 Investments realized .. .. 507,000 Balance as per General Balance-sheet .. 430,916 £18,301,820 £18,301,820 Reconciliation Statement £ s. d. Credit balance in Working Railways Account as per Treasury figures .. 220,378 5 8 Add imprests outstanding .. .. .. .. .. .. 210,537 19 0 Credit balance as per above statement .. .. .. £430,916 5 2

STATEMENT No. 13 RENEWALS, DEPRECIATION, AND EQUALIZATION RESERVE ACCOUNTS

STATEMENT No. 14 Expenditure on Construction of Railways, Rolling-stock, etc., to 31st March, 1945; Net Revenue and Rate of Interest earned on Capital expended on Opened Lines for Year ended same Date

Note.—The amount stated in this return as the cost of construction of opened lines includes the Provincial and General Government expenditure on railways. It also includes the Midland Railway and expenditure by the Grey mouth and Westport Harbour Boards on railways and wharves under the provisions of section 7 of the Railways Authorization Act, 1885, the information regarding the last-mentioned being furnished by the respective Boards. The rate of interest earned has been computed on the average capital.

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Credit Balance Yea?"endte Credit at 31st March, ISb JgSSSf »* 8Ut Mteoh, 11)45. 1945. 19,(6 - £ £ £ £ General Reserve Aeeount .. .. .. 1,758,920 . . .. 1.738,920 Insurance Reserve Account .. .. .. 61,238 8,757 10,748 59,247 Workers'Compensation Reserve Account .. 58,720 80,752 71,982 73,490 Slips, Floods, and Accidents Equalization Reserve 67,570 21,955 .. 89,525 Account Betterments Reserve Account: Refreshment Branch 20,000 .. 2,634 17,366 Renewals Reserve Accounts .. .. .. 962,398 234,390 256,472 940,316 Depreciation Reserve Account .. .. .. 2,055,942 911,407 1,108,585 1,858,764 Totals .. .. .. .. 4,984,788 1,263,261 1,450,421 4,797,628

Opened Lines. 1001- Hate of Section of Railway. I „ Interest Lines and Boiling- T . , revenue. earned. Works. Stock. iota1 ' >£■ .t £■ £ s. d. North Island Main Line and Branches .. 37,426,037 6,720,283 44,146,940 900,692 2 0 10 South Island Main Line and Branches .. 18,277,853 3,523,867 21,801,720 — 121.242 Nelson .. .. .. .. .. 496,902 10,078 506,980 - 19,055 Picton .. .. .. .. .. 2,125,749 41,736 2,167,485 - 8,983 58,327,161 10,295,964 68,623,125 751,412 I 1 11 Lake Wakatipu steamer service .. .. 20,396 .. 20,396 — 4,840 Subsidiary services, &c. .. .. .. 2,700,157 .. 2,700,157 452,901 In suspense— Surveys, North Island Surveys, South Island .. .. .. .. \. .. General .. .. . . .. 9,896 .. 9,896 P.W.D. stock of permanent-way 61,057,610 10,295,964 71,353,574 1,199,473 1 13 9 Total cost of opened lines at 31st March, 1945 . . . . 71,353,574