D—s

Balance-sheet as at 31st March, 1947 Liabilities £ Assets Accumulated funds, as per Revenue Account .. .. 473,090 Investment Account , OQ RAa Casual employees' contingent contributions .. .. 8,595 Investments: Government stock and mortgages 2559 Retiring and other allowances due (not paid)— 1 Cash in hand .. - • • • • • > 199 Members .. .. .. .. . • • • 407 Widows and children .. .. .. .. • • 787 Current Account Refund of contributions authorized (not paid) .. 9,317 Cash in hand .. •• •• •• •• '4.QQ Withdrawal of contributions authorized (not paid) .. .. 7,292 Contributions in transit .. •• *' 1 170 Refund of contributions in excess of allowances drawn by Contributions due by Army, Navy, and Air Force epar 1/495 deceased beneficiaries (not paid) .. .. •• 595 Contributions outstanding .. •• •• •• 17 Transfers to other funds authorized (not paid) .. .. 38 Contributions due by members m respect of casua servic Interest paid in advance .. .. . • • • 83 Working Railways— Public Trustee .. .. .. . • • • 317 On account of increased allowance to annuitants as provided Reserve for bad and doubtful debts .. .. -• 3,000 for by section 31, Superannuation Amendment Act, 1945 Rebates of contributions (National Expenditure Adjustment On account of cost-of-living bonus •• Act 1932) 287 On account of additional allowances to widows and children Sundry creditors "!! " 167 (section 114, Government Railways Act 1926, and sections 28 and 29, Superannuation Amendment Act, 1945) .. 4,o»o Interest due not paid .. .. •• •• ® > J® j Interest accrued but not due .. •• •• •• oa'aaa Working Railways subsidy in transit .. •-- • ' 1 1 j Sundry debtors .. • • • • • • • • £503,975 £503,975 R. Semple, E. H. Arlington, A.R.A.N.Z. Chairman of the Government Railways Acting 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. Approximate Cost of Paper.—Preparation, not given ; printing (1,063 copies), £24.

By Authority: E. V. Paul, Government Printer, Wellington.— 1947. Price 6d.~\

7