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GOVERNMENT RAILWAYS SUPERANNUATION FUND. Statement of Accounts in accordance with Section 90, Government Railways Act, 1908. Revenue Account for Year ended 31st March, 1923. Expenditure. £ s. d. Income. £ s. d To Retiring-allowances to members .. 143,331 14 4 By/Members' contributions .. .. 120,907 0 4 Allowances to widows and children.. 11,083 1 4 Members'contributions on aooount of Refunds of total contributions .. 19,046 18 5 casual service .. .. .. 1,909 12 9 Refunds of contributions in excess of Fines .. .. .. . . 572 5 0 allowances drawn by deceased Subsidies .. .. .. 75,000 0 0 beneficiaries .. .. .. 690 11 0 Donations .. .. .. 5 0 0 Compensation .. .. .. 1.12 1.4 1 Interest .. .. .. 20,175 2 7 Travelling-expenses of Board members .. .. .. .. 64 12 3 Public Trust Office charges .. 309 17 11 Audit fees . . .. .. 50 0 0 Transfers to other funds .. .. 181 2 3 Rebates of contributions (Section 11 (2), Publio Expenditure Adjustment Act, 1921-22) . . 780 11 9 Balance carried down, being excess of income over expenditure for'year 51,438 2 10 £230,689 6 8 £230,689 6 8 To Rebates of contributions in respect of By Accumulated funds brought forward £ s. d. previous years (Public Expenditure £ s. d. on Ist April, 1922 .. .. 543,531 10 8 Adjustment Act, 1921-22) .. 11,190 19 10 Refunds of contributions, unclaimed, Balance, accumulated funds at 31st written off .. .. .. 314 15 4 March, 1923 .. .. .. 584,219 2 4 Allowances unclaimed, written off .. 13113 4 Balance brought down .. .. 51,438 210 £595,416 2 2 £595,416 2 2 Balance-sheet as at 31st March, 1923. Liabilities. £ s. d. Assets. £ s. d. Accumulated funds as per Revenue In hands of Public Trustee .. .. 529,950 17 5 Account.. .. .. .. 584,219 2 4 Contributions and fines in transit .. 9,981 11 4 Retiring and other allowances due, not Contributions outstanding .. .. 1,025 8 7 paid — Contributions due by members in respect Members .. .. .. 485 8 8 of casual service .. .. .. 5,728 2 8 Widows and children .. .. 75 17 0 Treasury, cost-of-living bonus .. 1,481 6 2 Refunds of contributions .. .. 1,404 1.5 11 Treasury payments in transit .. 50,000 0 0 Transfers to other funds .. .. 4 10 8 Rebates of contributions (Publio Expenditure Adjustment Act, 1921-22) 11,977 11 7 £598,167 6 2 £598,167 6 2 COST-OF-LIVING BONUS ACCOUNT. Disbursements and Recoveries during Year ended 31st March, 1923. £ s. d. £ a. d. To Balance due by Treasury, 31st March, By Cash received from Treasury .. 19,894 17 3 1922 .. .. .. .. 975 5 1 ' Balance due by Treasury, 31st Maroh, Disbursements to annuitants .. 20,400 18 4 1923.. .. .. .. 1,481 6 2 £21,376 3 5 £21,370 3 5 J. G. Coates, Chairman of the Government Railways Superannuation Fund Board. L. Hamann, 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.