D.—5

6

Statement op Accounts, etc. —continued. Receipts and Payments Account for the Year ended 31st March, 1929. Dr. Receipts. £ s. d. Or. Payments. £ s. d. To Balance in hands of Public Trustee on 31st By Retiring-allowances paid to members .. 240,168 7 3 March, 1928 .. .. .. .. 25,083 16 10 Allowances to widows and children .. 27,029 15 10 Contributions by staff .. .. .. 163,587 1 6 Contributions refunded to members who have Contributions by contingent contributors .. 3,675 19 2 left the service .. .. .. 14,911 17 8 Receipts from Working Railways Account — Contributions refunded to contingent memSubsidy .. .. .. .. 170,000 0 0 bers who have left the service .. .. 480 4 6 Increased allowances to widows and children 12,341 9 7 Payments to legal representatives of deceased Cost-of-living bonus to annuitants .. 4,525 15 10 beneficiaries under section 120 (c) of GovernInterest .. .. .. .. 63,550 14 5 ment Railways Act, 1926 .. . • 339 10 2 Commission on collections of Government Contributions transferred to other funds .. 20 1 6 Life Insurance premiums .. .. 15 4 10 Travelling-expenses of Board members .. 81 5 0 Public Trust commission .. .. .. 1,585 8 4 Mortgage-inspection fees . . .. .. 3 3 0 Audit Office charges .. .. •. 50 0 0 Salaries .. .. .. .. 1,430 6 2 Postages .. .. .. • • 102 19 3 Printing and stationery .. . . . . 54 19 0 Payments to annuitants by way of cost-of-living bonus .. .. . • • • 4,493 310 Investments .. .. .. •• 125,000 0 0 Balance of receipts over disbursements .. 27,029 0 8 £442,780 2 2 £442,780 2 2 W. B. Taverner, Chairman of the Government Railways H. Valentine, Superannuation Fund Board. Chief Accountant, New 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.