D—2

STATEMENT No. 10 Railway Employees' Sick Benefit Society

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Income and Expenditure EXPENDITURE. 1948-49. 1947-48, INCOME. | 1948-49. 1947-48. Sick benefits paid to members Excess of expenditure over income Balance accumulated funds as at 31st March £ 40,208 £ 40,869 Contributions ... . . .. Entrance fees Interest on investments Subsidy as per section 5, subsection (1), of Government Railways Amendment Act, 1928, and section 26 of the Statutes Amendment Act, 1944, charged to Working Railways Account Balance, being excess of expenditure over income for the year Accumulated funds brought forward on 1st April £ 26,028 314 13,400 466 £ 25,490 257 213 7,500 7,409 40,208 40,869 40,208 40,869 466 89 7,409 555 555 7,964 555 7,964 555 7,964 Balance-sheet Liabilities Accumulated funds Sick pay due not paid .. Contributions in advance £ 89 8 7 £ 555 123 Assets Entrance Fees outstanding at 31st March Contributions outstanding at 31st March Cash in Working Railways Account £ 24 58 22 £ 15 29 ' 634 104 j 678 104 678