D. —2.

STATEMENT No 1— continued. General Balance-sheet as at 31st March, 1937. Liabilities. Assets. Sundry creditors — £ s. d. £ s. d. Sawmills, bush areas, and stocks £ s. d. £ s. d. General creditors (including of timber .. .. .. .. 189,692 16 6 unpaid wages) and credit Stores and material 011 hand—■ balances .. .. 678,309 1 2 Stores Branch .. .. 982,453 13 6 Government Departments .. 21,317 12 0 Subsidiary services .. .. 15,657 13 10 699,626 13 2 — 998,111 7 4 Collections for refund to— Sundry assets — Harbour Boards, shipping Advertising Branch.. .. 21,175 13 2 companies, and other Refreshment Branch .. 31,481 19 4 carriers .. .. 26,813 6 2 Housing improvements .. 11,642 1 7 Government Departments 280 6 11 — 64,299 14 1 27,093 13 1 Items to be written off on receipt of parliamentary Sundry debtors — authority .. .. .. 6,957 4 8 Advance to capital .. .. 41,096 2 5 General reserve .. .. 1,144,552 17 8 Government Departments .. 29,066 411 Depreciation reserve .. 211,489 16 11 Advances: Housing scheme Renewals reserve .. .. 748,467 9 0 under Government Railways Insurance reserves — Amendment Act, 1927—SeeFire .. .. .. 98,458 10 7 tion 15 (5), Railway emWorker's Compensation .. 44,217 3 2 ployees .. .. .. 1,311 18 0 Slips, Floods, and Accidents 54,147 0 8 Work in progress, sundry — 2,301,332 18 0 debtors and debit balances.. 204,407 0 9 Unemployment Fund—• ——-—— 275,881 6 1 Subsidy on works .. .. .. 185,781 3 4 Unemployment Fund —SubsiBetterments reserve—■ dized works .. .. .. 185,781 3 4 Refreshment Branch .. .. .. 3,091 7 9 Accrued interest on investments .. 8,215 1 5 Sick Benefit Fund .. .. .. .. 40,962 7 5 Outstanding at stations— Cash in hand .. .. 19,394 12 10 Freights, &c., owing by Government Departments .. 57,551 2 7 Freights, &c., owing by sundry debtors .. .. 164,080 11 4 — — 241,026 6 9 Working Railways Investments .. .. 587,940 0 0 Sick Benefit Fund Investments .. .. 40,545 5 2 Cash in Working Railways Account .. .. 673,352 6 9 £3,264,845 7 5 £3,264,845 7 5 W. Bishop, A.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 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, Controller and Auditor-General.

3