D.—s

6

Statement of Accounts, etc. — continued. Receipts and Payments Account for the Year ended 31st March, 1928. Dr. Receipts. £ s. d. Cr. Payments. £ s. d To Balance in hands of Public Trustee on 31st By Retiring-allowances paid to members .. 227,779 15 3 March, 1927 .. .. .. .. 24,995 5 7 Allowances to widows and children .. 27,052 1 6 Contributions by staff .. .. .. 160,143 4 3 Contributions refunded to members who have Contributions by contingent contributors .. 4,202 lb' 6 left the service .. .. .. 15,060 12 6 Receipts from Working Railways Account — Contributions refunded to contingent memSubsidy .. .. .. .. 170,000 0 0 bers who have left tho service .. .. 401 10 1 Increased allowances to widows and child- Payments to legal representatives of deceased ren .. .. .. .. 12,414 2 4 beneficiaries under section 120 (c) of Govern-Cost-of-living bonus to annuitants .. 4,720 8 9 ment Railways Act, 1920 .. .. 538 1 2 Interest .. .. .. .. 50,912 3 3 Contributions transferred to other funds .. 612 15 1 Donation .. .. .. .. 0 11 3 Travelling-expenses of Board members .. 70 10 0 Commission on collections of Government Public Trust commission .. .. .. 1,422 11 11 Lifo Insurance premiums .. .. 13 3 2 Mortgage-inspection fees .. .. .. 2 12 3 Audit Office charges .. .. .. 50 0 0 Salaries .. .. .. .. 1,401 2 4 Postages .. .. .. .. 137 3 2 Printing and stationery .. .. .. 94 0 2 Payments to annuitants by way of cost-of-living bonus .. .. .. .. 4,694 5 5 Investments .. .. .. .. 129,000 0 0 Insuranco premium .. .. .. 017 5 Balance of receipts over disbursements .. 25,083 16 10 £433,401 15 1 £433,401 15 1 J. G. Coates, Chairman of the Government Railways Superannuation Fund Board. H. Valentine, Chief Accountant, Now Zealand Railways. I hereby certify that the Statement of Receipts and Payments, Revenue Account, and Balance-sheet 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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