D.—2.

STATEMENT No. I—continued. General Balance-sheet as at 31st March, 1939. Liabilities. Assets. Sundry creditors — £ s. d. £ s. d. £ s. d. £ s. d. General creditors (including Sawmills, bush areas, and unpaid wages) and credit stock of timber .. .. .. .. 200,074 15 3 balances .. .. 748,631 10 5 Stores and materials on hand— Government Departments .. 22,474 2 4 Stores Branch .. .. 2,060,241 13 4 771,105 12 9 Subsidiary Services .. 22,028 11 8 Collections for refund to — -———— 2,082,270 5 0 Harbour Boards, shipping Sundry assets— companies, and other Advertising Branch .. 20,100 14 0 carriers .. .. 25,835 0 10 Refreshment Branch .. 36,134 10 7 Government Departments 191 9 9 Housing Improvements .. 9,982 1 7 26,026 10 7 66,217 6 2 Items to be written off on Sundry debtors— receipt of parliamentary Advances to capital .. 187,369 1 6 authority .. .. .. .. 6,065 7 4 Government Departments .. 41,177 16 7 General Reserve .. .. 1,144,552 17 8 Advances: Housing Scheme Depreciation Reserve Account 673,482 13 3 under Government RailRenewals Reserve Account .. 700,333 6 9 ways Amendment Act, Insurance Reserve Accounts —■ 1927, section 15 (5), RailFire .. .. .. 104,248 1 7 way employees .. 233 11 4 Workers' Compensation .. 39,863 10 9 Work in progress, sundry Slips, Floods, and Accidents debtors, and debit balances 274,612 6 2 Equalization Account .. 668 0 2 503,392 15 7 2,663,148 10 2 Employment Promotion Fund : Employment Promotion Fund: Subsidized works.. .. .. .. 463,920 411 Subsidy on Works .. 463,920 4 11 Acorued interest on investments 2,095 17 10 Betterments Reserve : Re- Outstanding at stations — freshment Branch .. .. .. 3,248 2 0 Cash in hand .. .. 63,196 17 2 Sick Benefit Fund .. .. .. .. 45,683 12 7 Freights, &c., owing by Government Departments .. 73,603 19 7 Freights, &c., owing by sundry debtors .. 252,847 8 9 389,648 5 6 Working Railways Investments .. .. 150,000 0 0 Sick Benefit Fund investments .. 49,378 15 7 Cash in Working Railways Account .. .. .. ~ 72,199 14 6 £3,979,198 0 4 £3,979,198 0 4 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. —.T. H. Fowler, Controller and Auditor-General.

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