B.—l [Pt. IV].

NEW ZEALAND GOVERNMENT RAILWAYS— continued. RAILWAYS SUPERANNUATION FUND— continued. Balance-sheet as at 31st March, 1932.

H. H. Sterling, Chairman of the Government Railways H. Valentine, A.R.A.N.Z., 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— J. H. Fowler, Deputy Controller and Auditor-General.

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LIABILITIES. 1931—32. 1930—31. ASSETS. j 1931 32. 1930—31. £ s. d. £ .s. d. £ 8. d. £ s. d. Accumulated funds as per Revenue Account .. .. 1,454.173 8 4 1,488,565 18 3 Investment Account £ s. d. Casual employees, contingent contributions .. .. 6,229 13 10 14,408 14 4 Investments.. .. .. .. 1,460,591 5 1 Retiring and other allowances due (not paid) — Cash in hand .. .. .. 792 18 9 Members .. .. .. .. •• •• 685 17 6 1,240 18 1 1,461,384 3 10 1,439,560 19 11 Widows and children .. .. .. .. •• 87 10 3 65 11 10 Current Account— Refunds of contributions authorized (not paid) .. .. 688 12 2 230 2 10 Cash in hand .. .. .. .. .. •• A r nr J? n Transfers to other funds authorized (not paid) .. .. 23 7 1 5 11 11 Contributions m transit .. .. .. .. 4,595 5 0 14,505 13 0 Interest paid in advance .. .. •• •• 403 6 9 359 8 3 Contributions outstanding .. .. . . .. 752 8 1 1,276 16 0 Public Trust Office .. .. .. •• 27,606 17 10 770 8 4 Contributions due by members in respect of casual service 4,370 2 1 o,lil 13 7 Reserve for bad and doubtful debts .. .. • • 4,000 0 0 .. Working Railways Rebates of contributions (Finance Act, 1931) .. .. 16,034 17 4 .. On account of cost-of-living bonus .. • • t iZ l t On account of additional allowance to widows and children 959 17 9 946 6 7 Refund repayable .. .. .. ■ ■ .. 18 18 5 31 12 6 Interest due, not paid .. .. . 20,048 13 10 13,549 13 8 Interest, accrued but not due .. .. ■■ 17,391 18 2 17,266 15 10 Rates and fees paid .. .. .. .. .. 109 0 3 Insurance premium .. .. .. .. .. 22 5 8 Sundry debtors .. .. . ■ .. .. 3 18 8 1,509,933 lfT 1,505,646 13 10 1,509,933 11 1 1,505,646 13 10 I