D.—2

General Balance-sheet as at 31st March, 1944 Liabilities Assets Sundry creditors— £ £ General (including unpaid wages) .. .. 1,190, 645 Sawmills, bush areas, and stocks of timber .. 53,389 Collections for refund .. .. .. .. 35,301 Stores and materials on hand— £ Items to be written off on receipt of parliamentary Stores Branch .. .. .. 2,024,466 authority .. .. .. .. .. 8,492 Subsidiary services .. .. .. 41,248 Renewals, Depreciation and Equalization Reserve 2,065,714 Accounts as per Statement No. 13 .. .. 4,984,788 Sundry assets: Subsidiary services .. .. 48,172 Sick Benefit Fund .. .. .. .. 7,963 Work in progress, sundry debtors, and debit balances .. .. .. .. .. 270, 895 Advance to capital .. .. .. .. 14,730 Accrued interest on investments .. 1,726 Outstanding at stations .. .. .. 736, 605 Working Railways investments .. .. .. 2,000,000 Sick Benefit Fund investments .. .. .. 8,598 Cash in Working Railways Account .. .. 997, 360 £6,227,189 £6,227,189 F. H. McAtjley, A.K.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.— Cyril G. Collins, Controller and Auditor-General.

STATEMENT No. 1 Capital Account as at 31st March, 1944

2—D. 2

9

Total to 31st March, Year ended Total to 31st March, j Total to 31st March, Year ended Total to 31st March, 1943. 31st March, 1944. 1944. 1 1943 . 31st March, 1944. 1944. Expenditure £ i £ £ Receipts £ £ £ Permanent-way —Works, buildings, ma- 60,612,124 2,627,374 63,239,498 Capital included in public debt .. 70,046,792 2,318,431 72,365,223 chinery, plant, and dwellings Other capital .. .. .. 9,033,902 .. 9,033,902 Rolling-stock, lake steamers, and road 15,705,218 62,022 15,767,240 i motors 79,080,694 2,318,431 81,399,125 Lines closed for traffic .. .. 132,079 Cr. 1,830 130,249 Deduct accrued depreciation and 10,400,000 .. 10,400,000 — other losses of capital written off 76,449,421 2,687,566 79,136,987 in accordance with subsection (2), Deduct accrued depreciation on exist- 9,730,971 462,833 10,193,804 section 23, of the Government ing assets Railways Amendment Act, 1931 66,718,450 2,224,733 68,943,183 68,680,694 2,318,431 70,999,125 Add unexpended balances as per 1,966,613 89,329 2,055,942 Outstanding liabilities .. .. 4,369 Cr. 4,369 Depreciation Account I £68,685,063 £2,314,062 £70,999,125 £68,685,063 £2,314,062 £70,999,125 Note. —Unopened lines are under the control of the Public Works Department, and all expenditure out of the Public Works Account in connection therewith is included in the accounts of that Department.