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P.—s

2

The amounts shown in the lists attached to the balance-sheets are those actually disbursed during the year, and do not represent the total annual allowances granted by the Board to the 31st March, 1922, which were,— Life allowances on account of voluntary retirements (1,457 £ s. d. persons) ... ... ... ... ... ... 154,412 8 2 Life allowances on account of retirements as " medically unfit" (363 persons) ... ... ... ... ... 27,228 2 3 Allowances to 547 widows and 1,040 children ... ... 23,366 0 0 Total annual allowances granted ... ...£205,006 10 5 Since the inauguration of the fund 636 beneficiaries have, however, died, and 17 members who had been placed on the fund as "medically unfit" resumed duty. The fund was relieved of an annual liability of £47,614 4s. 4d. in respect to these 653 members ; 502 children have reached the age of fourteen years, 14 children have died, 94 widows remarried, 50 widows died; lessening the liability of the fund by an additional £9,300 per annum. There were 2,094 persons actually on the fund at the 31st March, 1922, involving an annual liability of £148,092 6s. Id. D. H. Guthrie, Chairman of the Government Bailways Superannuation Fund Board. GOVERNMENT RAILWAYS SUPERANNUATION FUND. Statement of Accounts under Section 90 of the Government Bailways Act, 1908. Revenue Account for the Year ended 31st March, 1922. Income. £ s. d. Expenditure. £ ». d. To Members'contributions .. .. 134,764 IS 4 By Retiring-allowances to members .. 123,446 10 7 Members' contributions on account of Allowances to widows and children .. 13,956 5 9 casual service .. .. .. 239 2 0 Payments under section 82 (6) .. 882 0 5 Fines .. .. .. .. 656 15 0 Payments under section 86 (c) .. 335 10 2 Government contribution .. .. 75,000 0 0 Contributions refunded .. .. 15,657 5 7 Donation: Mr. W. J. Wilson, Christ- Travelling-expenses of members of church.. .. .. .. 5 0 0 Board .. .. .. .. 50 17 0 Interest .. .. .. .. 23,160 11 4 Fines refunded .. .. .. 15 0 Public Trust Office charges .. 455 13 6 Balance carried down, being excess of income over expenditure for year .. 79,040 13 8 £233,826 1 8 £233,826 1 8 To Balance brought forward on Ist April, By Balanoe, being amount of fund at 1921 .. .. .. .. 464,490 17 0 31st March, 1922 .. .. 543,53110 8 Balance excess of income over expenditure for year ended 31st March, 1922 .. .. .. .. 79,040 13 8 £543,531 10 8 £543,531 10 8 Balance-sheet as at 31st March, 1922. Liabilities. £ s. d. Assets. £ s. d. Fund as per Revenue Account .. 543,53110 8 In hands of Public Trustee .. .. 476,910 19 9 Retiring and other allowances due, not Contributions and fines in transit .. 11,407 0 1 paid— Arrears of contributions due by members Members .. .. .. 615 4 3 in respect to casual service .. 6,940 5 5 Widows and children .. .. 1,110 13 8 Amount due from Treasury for disburseRefunda of contributions due, in course ments on account of annuitants' oostof payment .. .. .. 1,045 1 9 of-living bonus .. .. .. 975 5 1 Treasury payments in transit.. .. 50,000 0 0 £540,302 10 4 £546,302 10 4 Statement showing Cost-of-living Bonus paid on behalf of the Treasury to Annuitants op the Government Railways Superannuation Fund under Section 14 of the Appropriation Act, 1921, during the Year ended 31st March, 1922. £ s. d. £ s. d. To Cash received from the Treasury .. 29,900 11 7 By Balance duo by Treasury at 31st March, Balance due by the Treasury at 31st 1921 .. .. .. .. 1,588 12 8 March, 1922 .. .. .. 975 5 1 Amount disbursed .. .. .. 29,287 4 0 £30,875 16 8 £30,875 16 8 D. 11. Guthrie, Chairman of the Government Railways Superannuation Fund Board. L. Hamann, Acting Chief Accountant, New Zealand Railways. I hereby certify that the statement of receipts and payments, Revenue Account, and balancesheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby. G. F. C. Campbell, Controller and Auditor-General.

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