D—s

Balance- sheet as at 31st March, 19A6 Liabilities £ j Assets Accumulated funds, as per Revenue Account .. .. 1,080,778 Investment Account— £ £ Casual employees' contingent contributions .. .. 14,556 i Investments .. .. .. 1,029,862 Retiring and other allowances due (not paid)— ' ! Cash in hand . . . . . . 9,119 Members .. .. .. .. .. .. 352 1,038,981 Widows and children .. .. . . .. . . 573 j Current Account— Refund of contributions authorized (not paid) .. .. 10,693 ! Cash in hand .. .. .. .. .. 24,492 Refund of contributions in excess of allowances drawn by ! Contributions and fines in transit .. .. .. 10,826 beneficiaries (not paid) .. .. .. .. 346 Contributions due by Army, Navy, and Air Force Departments 11,596 Transfers to other funds authorized (not paid) .. .. 110 ' Contributions outstanding .. .. .. .. 1,915 Interest paid in advance .. .. .. .. 99 Contributions due by members in respect of casual service .. 25,979 Public Trustee .. .. . . . . .. 378 : Working Railways— Reserve for bad and doubtful debts . . . . . . 3,000 i On account of increased allowances to annuitants (section . Rebates of contributions (National Expenditure Adjustment I 27, Statutes Amendment Act, 1936, and section 31, Act, 1932) .. .. .. .. .. .. 32,625 I Superannuation Amendment, Act, 1945) .. .. 396 Sundry creditors .. .. .. .. .. 75 On account of cost-of-living Bonus .. .. .. 2,887 On account of additional allowances to widows and children (section 114, Government Railways Act, 1926) . . 4,391 Interest due not paid . . . . .. .. .. 6,292 Interest accrued but not due .. .. .. .. 10,486 Subsidy in transit .. .. .. .. .. 5,300 Sundry debtors .. .. .. .. . . 44 £1,143,585 £1,143,585 R. Semple, F. H. McAuley, A.R.A.N.Z., 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.— J. P. Rutherford, Controller and Auditor-General.

By Authority: E. V. Paul, Government Printer, Wellington.— 1946. Price 6d.]

Approximate Cost of Paper.—Preparation, not given : printing (1,050 copies), £26

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