D.—2.

STATEMENT No. 13RENEWALS, DEPRECIATION, AND EQUALIZATION RESERVE ACCOUNTS. General Reserve Account. [ . £ s. d. j Balance .. .. .. .. £1,144,552 17 8 Insurance Reserve Account. Expenditure. £ s. d. Income. £ s. d* Losses .. .. .. .. •• 4,147 12 10 Balance from previous year .. .. .. 93,197 10 5 Upkeep railway fire brigades and fire appliances.. 1,768 2 3 Premiums debited to working-expenses .. 11,176 15 3 Balance .. .. .. .. .. 98,458 10 7 £104,374 5 8 £104,374 5 8 * Balance .. .. .. .. .. £98,458 10 7 Workers' Compensation Reserve Account. Expenditure. £ s. d. Income. £ s. d. Accident payments .. .. .. .. 40,996 13 7 Balance from previous year .. .. .. 45,216 8 1 Balance .. .. .. .. •• 44,217 3 2 Premiums debited to working-expenses .. .. 39,997 8 8 £85,213 16 9 £85,213 16 9 Balance .. .. .. .. .. £44,217 3 2 Slips, Floods, and Accidents Equalization Reserve Account. Expenditure. £ s. d. Income. £ s. d« Repairs to bridges, slips, and washouts .. 68,406 3 3 Balance from previous year .. .. .. 102,753 311 Balance .. .. .. .. •• 54,147 0 8 Contributions debited to working-expenses .. 19,256 0 0 Interest .. .. .. .. .. 544 0 0 £122,553 3 11 £122,553 3 11 Balance .. .. .. .. .. £54,147 0 8 Betterments Reserve Account. Expenditure. £ s. d. Income. £ s. d. Refreshment Branch .. .. .. .. 361 0 4 Balance from previous year .. .. .. 3,452 8 1 Balance .. .. •• .. 3,091 7 9 £3,452 8 1 £3,452 8 1 Balance .. .. .. .. .. £3,091 7 9 Renewals Reserve Account. Expenditure. £ s. d. Income. £ s. d. Relaying of track .. .. .. .. 206,975 411 Balance from previous year .. .. .. 748,009 13 11 Balance .. .. .. .. •• 748,467 9 0 Contributions debited to working-expenses .. 204,412 0 0 Interest .. .. .. .. .. 3,021 0 0 £955,442 13 11 £955,442 13 11 Balance .. .. .. .. .. £748,467 9 0 Depreciation Reserve Account. Expenditure. £ s. d. Income. £ s. d. Way and works .. .. .. .. 25,436 5 1 Balance from previous year .. .. .. 439,944 5 8 Bridges .. .. .. .. .. 60,265 3 5 Contributions — Operating buildings .. .. .. .. 10,415 7 1 Way and works .. .. .. .. 12,903 3 6 Signalling and interlocking .. .. .. 78,351 7 3 Bridges .. .. .. .. .. 70,140 0 0 Rolling-stock .. .. .. .. 478,101 19 2 Operating buildings .. ... .. 42,046 0 0 Locomotive running and car and wagon depot Signals, interlocking, and electric traction .. 48,589 4 4 plant .. .. .. .. .. 2,070 5 9 Rolling-stock .. .. .. .. 330,935 14 7 Dwellings .. .. .. .. 8,160 14 10 Locomotive running and car and wagon depot Refreshment, advertising, and road service build- plant .. .. .. .. .. 2,689 0 0 ings .. .. ■■ •• 15,509 7 2 Dwellings .. .. .. .. 34,601 0 0 Stores and workshops: Buildings and plant .. 29,651 9 7 Head Office buildings and plant .. .. 2,396 0 0 Road services .. .. .. .. 132,995 13 11 Refreshment, advertising, book-stalls, and road Wharves .. .. .. .. •• 2,621 12 0 service buildings .. .. .. 3,204 0 0 Balance .. .. .. .. ■■ 211,489 16 11 Stores buildings and plant .. .. .. 2,941 0 0 Workshops buildings and plant .. .. 38,143 0 0 Lake Wakatipu service .. .. .. 525 0 0 Road services .. .. .. .. 22,933 0 4 Wharves .. .. .. .. 815 13 9 Portable plant .. .. .. .. 2,263 0 0 £1,055,069 22 £1,055,069 22 Balance .. .. .. .. .. £211,489 16 11

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