B.—l LPT. IY, SUP.] .

RAILWAYS SUPERANNUATION FUND. Statement of Accounts in accordance with Section 90, Government Railways Act, 1908. Revenue Account for Year ended 31st March, 1925. Expenditure. £ s. d. Income. £ s. d. To Retiring-allowances to members .. 181,603 11 0 By Members'contributions .. .. 139,332 13 9 Allowances to widows and children .. 14,487 10 4 Members'contributions on account of Refunds of total contributions .. 25,739 18 4 casual service .. . . .. 5,434 15 11 Refunds of contributions in excess of Fines .. .. .. .. 425 15 0 allowances drawn by deceased bene- Subsidies .. .. .. 105,000 0 0 ficiaries .. .. 737 12 11 Donations .. .. .. 10 0 0 Travelling-expenses of Board members 49 611 Interest .. .. .. .. 36,940 16 0 Public Trust Office charges .. 664 6 3 Audit fees .. .. .. 50 0 0 Transfers to other funds .. .. 50 14 6 Salaries .. .. .. .. 1,310 9 0 Postages .. .. .. 109 3 4 Printing, stationery .. .. 56 5 8 Balance carried down, being excess of income over expenditure for year .. 62,285 2 5 £287,144 0 8 £287,144 0 8 To Balance accumulated funds at 31st By Accumulated funds brought forward March, 1925 .. .. ..734,112 811 on Ist April, 1924 .. ..671,827 6 6 Balance brought down .. .. 62,285 2 5 £734,112 8 11 £734,112 8 11 Balance-sheet as at 31st March, 1925. Liabilities. £ s. d. Assets. £ s. d. Accumulated funds as per Revenue Investment Account . . . . 656,060 19 11 Account .. .. ..734,112811 Current Account .. .. .. 40,685 6 5 Retiring and other allowances due, not Contributions and fines in transit .. 12,168 10 0 paid— Contributions outstanding .. .. 2,239 2 6 Members .. .. .. 692 0 10 Contributions due by members in respect Widows and children .. .. 161 17 11 of casual service .. .. .. 8,651 1 0 Refunds of contributions .. .. 1,728 15 7 Allowances recoverable .. .. 52 0 0 Transfers to other funds .. .. 413 1 Treasury, cost-of-living bonus .. .. 1,447 12 10 Interest paid in advance .. .. 53 2 6 Interest outstanding .. .. .. 6,763 610 Commission due to Public Trustee .. 140 1 2 Interest accrued but not due .. .. 8,822 10 I Sundry debtor (insurance premium) .. 210 5 £736,893 0 0 £736,893 0 0 COST OF LIVING BONUS ACCOUNT. Disbursements and Recoveries during Year ended 31st March, 1925. £ s. d. £ s. d. To Balance due by Treasury, 31st March, By Cash received from Treasury .. 18,204 3 9 1924 .. .. .. 1,473 12 7 Balance due by Treasury, 31st March, Disbursements to annuitants 18,178 4 0 1925 .. .. .. .. 1,447 12 10 £19,651 16 7 £19,651 16 7 J. 6. COATES, Chairman of the Government Railways H. Valentine, Superannuation Fund Board. Acting Chief Accountant. 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.

55