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STATEMENT No. 13RENEWALS, DEPRECIATION, AND EQUALIZATION RESERVE ACCOUNTS. General Reserve Account. £ s. d. By Balance £1,144,552 17 8 Insurance Reserve Account. Expenditure. £ s. d. Income. £ s. d. To Losses .. .. .. .. .. 3,112 14 9 By Balance from previous year .. .. 82,887 18 1 Upkeep railway fire brigades and fire appli- Premiums debited to working-expenses .. 15,027 18 0 anees .. .. .. .. .. 1,605 10 11 Balance .. .. .. .. .. 93,197 10 5 £97,915 16 1 £97,915 16 1 By Balance .. .. .. .. .. £93,197 10 5 Workers' Compensation Reserve Account. Expenditure. £ s. d. Income,. £ s. d. To Accident payments .. .. .. 29,796 8 11 By Balance from previous year .. 36,868 13 4 Balance .. .. .. .. .. 45,216 8 1 Premiums debited to working-expenses 38,144 3 8 £75,012 17 0 £75,012 17~0 By Balance.. .. .. .. .. £45,216 8 1 Slips, Floods, and Accidents Equalization Reserve Account. Expenditure. £ s. d. Income. £ s. d. To Repairs to bridges, slips, and washouts .. 13,200 6 7 By Balance from previous year .. .. 96,171 10 6 Balance .. .. .. .. 102,753 311 Contributions debited to working-expenses .. 19,256 0 0 Interest .. . . .. .. .. 526 0 0 £115,953 10 6 £115,953 10 6 By Balance .. .. .. .. £102,753 3 11 Betterments Reserve Account. Expenditure. £ s. d. Income. £ s. d. To Refreshment Branch .. .. .. 266 7 7 By Balance from previous year .. .. .. 3,718 15 8 Balance .. .. .. .. .. 3,452 8 1 £3,718 15 8 £3,718 15 8 By Balance .. .. .. .. .. £3,452 8 1 Renewals Reserve Account. Expenditure. £ s. d. Income. £ s. d. To Relaying of track .. .. .. 188,396 5 4 By Balance from previous year .. .. 729,004 10 2 Refreshment Branch property .. .. 132 10 11 Contributions debited to working-expenses .. 204,730 0 0 Balance .. .. .. .. 748,009 13 11 Interest .. .. .. .. 2,804 0 0 £936,538 10 2 £936,538 10 2 By Balance.. .. .. .. .. £748,009 13 11 Depreciation Reserve Account. Expenditure. £ s. d. Income. £ s. d. To Way and works .. .. .. .. 37,928 10 2 By Balance from previous year .. .. 509,353 8 0 Bridges .. .. .. .. 100,271 17 0 ContributionsOperating buildings .. .. .. 8,510 11 2 Way and works .. .. .. 10,739 18 5 Signalling and interlocking .. .. 49,784 15 10 Bridges .. .. .. .. 70,227 1] 7 Rolling-stock .. .. .. .. 393,477 1 9 Operating buildings .. .. .. 39,90893 Locomotive running and car and wagon depots Signals, interlocking, and electric traction.. 52,244 10 10 plant.. .. .. .. .. 1,520 16 6 Rolling-stock .. .. .. .. 319,018 14 4 Dwellings .. .. .. .. 2,718 3 6 Locomotive running and car and wagon Refreshment, advertising, and road motor depots plant.. .. .. .. 3 671175 buildings .. .. .. .. 847 18 4 Dwellings .. .. .. .. 34'600 0 0 Stores and workshops buildings and plant .. 37,987 15 9 Head office buildings and plant .. .. 2,256 0 0 Road motor services .. .. .. 24,737 13 11 Refreshment, advertising, bookstalls, and Portable plant .. .. .. .. 912 6 6 road motor buildings .. .. .. 3,184 0 0 Balance .. .. .. .. 439,944 5 8 Stores, buildings, and plant .. .. 2,931 0 0 Workshops buildings and plant .. .. 35,966 0 0 Lake Wakatipu service .. .. .. 504 0 0 Road motor services .. .. .. 10,487 211 Wharves .. .. .. .. 793 3 4 Portable plant .. .. .. .. 2,756 0 0 £1,098,641 16 1 £1,098,641 16 1 By Balance.. . .. .. .. £439,944 5 8

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