3

£>.—2.

STATEMENT No. 1— continued. General Balance-sheet as at 31st March, 1928. Liabilities. v Assets. Sundry creditors (including unpaid £ s. d. Sawmills— £ s. d. £ 3. d. wages.. .. .. .. 341,010 15 2 Stocks of timber, &c. .. .. .. 283,523 7 0 Collections for refund to Harbour | Stores and material on hand— Boards, shipping companies, and Stores Branch .. .. .. 831,465 18 0 other carriers .. .. .. 16,907 7 5 Advertising Branch .. .. 1,583 18 1 General Reserve Fund .. .. 1,375,662 6 1 Refreshment Branch .. .. 7,385 17 11 General Renewals, Betterments, and Training School Hostel .. .. 78 2 6 Depreciation Funds .. .. 933,395 7 0 840,513 16 6 Insurance Funds .. .. .. 36,388 6 0 Sundr}- assets— Items to be written off on receipt of Advertising Branch .. .. 52,437 18 4 Parliamentary authority .. .. 3,94114 2 ; Refreshment Branch .. .. 26,357 12 11 Housing Improvements .. .. 7,762 6 4 86,557 17 7 Sundry debtors— Advances to capital .. .. 82,866 5 3 Government Departments .. 16,485 1 5 Advances under Hutt Valley Lands Settlement Act, 1925, and interest thereon .. .. .. 80,805 12 7 Work in progress and sundry debtors .. .. .. 97,634 2 6 277,791 1 9 Less amounts paid in advance .. 35,684 5 11 242,106 15 10 Accrued interest on investments .. 3,102 10 10 Accrued subsidy on branch lines and isolated sections .. .. 35,772 610 38,874 17 8 Outstandings at stations— Cash in hand .. .. .. 21,268 12 2 Freight, &c., owing by Government Departments .- .. 44,232 19 2 Freicht owing by sundry debtors .. 137,481 11 8 202,983 3 0 Investments .. -. -. 395,000 0 0 Cash in Working Railways Account.. 247,657 12 7 642,657 12 7 Net Revenue Account .. .. .. 370,088 5 8 £2,707,305 15 10 £2,707,305 15 10 H. Valentine, Chief Account-air