D.—2,

STATEMENT No. I—continued.1 —continued. General Balance-sheet as at 31st March, 1935. Liabilities. Assets. Sundry creditors — £ s. d. £ s. d. Sawmills, bush areas, and stocks £ s. d. £ s. d. General creditors (including of timber .. .. .. . ■ 198,957 1 8 unpaid wages) and credit Stores and material on hand — balances .. .. 470,271 1 4 Stores Branch .. .. 744,787 17 1 Government Departments.. 28,334 18 8 Subsidiary services .. .. 10,821 19 2 498,606 0 0 755,609 16 3 Collections for refund to — Sundry assets — Harbour Boards, shipping Advertising Branch .. 22,792 13 6 companies, and other Refreshment Branch .. 31,133 17 1 carriers .. .. 14,785 17 1 Housing improvements .. 13,302 1 7 Government Departments 90 4 0 67,228 12 2 14,876 1 1 Sundry debtors — Items to be written off on Advances to capital .. 17,126 0 5 receipt of parliamentary Government Departments .. 6,077 15 0 authority •. .. .. .. 5,220 5 1 Advances: Housing scheme General reserve .. . .. 1,144,552 17 8 under Government RailDepreciation reserve 509,353 8 0 ways Amendment Act, Assets realization .. .. 19,054 5 1 1927 — Renewals reserve .. .. 729,004 10 2 Section 15 (2), State AdInsurance reserves — vances .. .. 9,195 0 0 IFire .. .. •• 82,887 18 1 Section 15 (5), Railway emWorkers' Compensation .. 36,868 13 4 ployees .. .. 1,777 18 8 Slips, Floods, and Accidents 96,171 10 6 Work in progress, sundry 2,617,893 210 debtors, and debit balances 75,231 17 0 Betterment reserve — 109,408 11 1 Refreshment Branch .. .. .. 3,718 15 8 Accrued interest on investments .. 10,546 19 6 Sick Benefit Fund .. .. .. .. 28,979 0 8 Outstanding at stations — Cash in hand .. .. 28,334 711 Freights, &c., owing by Government Departments .. 34,290 2 8 Freights, &c., owing by sundry debtors .. .. 124,537 10 6 187,162 1 1 Working Railways Investments .. 587,940 0 0 Sick Benefit Fund Investments .. 28,045 11 4 Cash in Working Railways Account .. 1,224,394 12 3 £3,169,293 5 4 £3,169,293 5 4 H. Valentine, F.R.A.N.Z., Chief Accountant. I hereby certify that the Balance-sheet and accompanying accounts have been duly examined and compared with the relative books and documents submitted for audit, and correctly set out the position as disclosed thereby, subject to the above departmental note, and to the exception that the cost of exchange in respect of interest and other payments made in London during the year for the purposes of this account has not been charged to the account but has been borne by the Consolidated Fund.—J. H. Fowler, Deputy Controller and Auditor-General.

3