D.— 2

STATEMENT No. 12 Statement of Cash Receipts and Payments—Working Railways Account Receipts £ Payments £ Balance brought forward .. .. 1,438,414 Wages and vouchersRevenue receipts .. .. .. 15,633,084 Working Railways .. .. .. 14,389,947 " Credits-in-aid " (Working Railways) .. 2,626,002 Railways improvements and additions to " Oredits-in-aid" (railway improvements and open lines .. .. .. .. 47,547 additions to open lines) .. .. 28,171 Refunds to Army Department, Harbour National Development Loans Account .. 5,000 Boards, shipping companies, and other Contributions to Sick Benefit Fund .. 41,376 carriers . . . • .. •• 1,080,437 Interest on investments .. 29,274- Interest on Capital (year 1942-43) .. 122,713 Investments realized .. .. 5,000 Interest on capital (year 1943—44) .. 2,567,970 Investments purchased .. . • . • 600,347 Balance as per General Balance-sheet .. 997,360 £19,806,321 £19,806,321 Reconciliation Statement £ s. d. Credit balance in Working Railways Account as per Treasury figures .. 808,020 18 10 Add imprests outstanding .. .. .. •• •• 189,338 12 1 Credit balance as per above statement .. .. •• £997,359 10 11

STATEMENT No. 13 RENEWALS, DEPRECIATION, AND EQUALIZATION RESERVE ACCOUNTS

STATEMENT No. 14 Expenditure on Construction of Railways, Rolling-stock, etc., to 31st March, 1944; Net Revenue and Rate of Interest earned on Capital expended on Opened Lines for Year ended same Date

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I Credit Balance • S'endte I Credit Balance I at 31st March, TS MarJSf 81s t MaS at Slst March, | 194 ' ! - 1944. I 1944. | iJ44 ' £ £ I £ £ General Reserve Account .. •• 1,144,553 614,367 ! .. 1,758,920 Insurance Reserve Account .. .. •• 84,722 8,195 31,679 61,238 Workers'Compensation Reserve Account .. 57,699 77,981 76,960 58,720 Slips, Floods, and Accidents Equalization Reserve 45,625 21,945 .. 67,570 Account _ i Betterments Reserve Account: Refreshment Branch 18,632 1,668 300 20,000 Renewals Reserve Accounts .. .. 945,087 226,824 209,513 962,398 Depreciation Reserve Account .. .. .. 1,966,613 959,362 j 870,033 2,055,942 Totals .. .. •• 4,262,931 1,910,342 1,188,485 4,984,788

Opened Lines. Net Bate of Section of Ilailway. Revenue. Interest Lines and Rolling- Tntni earned. Works. Stock. iota) - £ £ £ £ £ s. d. North Island Main Lino and Branches .. 37,339,932 6,690,030 44,029,962 1,730,365 3 18 7 South Island Main Lino and Branches .. 18,268,380 3,581,752 21,850,132 383,810 1 16 2 Nelson •• •• 496,902 9,383 506,285 —10,516 Pieton !! !. .. .. •• 2,075,597 14,799 2,090,396 -4,797 58,180,811 10,295,964 68,476,775 2,099,062 3 2 3 Lake Wakatipu steamer service .. .. 20,396 .. 20,396 —6,048 Subsidiary services, &c. .. .. .. 2,492,058 .. 2,492,058 474,956 In suspense — Surveys, North Island Surveys, South Island General 9,896 .. 9,896 P.W.D. stock of permanent-way 60,703,161 10,295,964 70,999,125 2,567,970 3 14 3 Total cost of opened lines at 31st March, 1944 .. .. £70,999,125 Note.—The amount stated in this return as the cost of construction of opened lines includes the Provincial and General Government expenditure on railways. It also includes the Midland Railway and expenditure by the Greyinouth and West-port Harbour Boards on railways and wharves under the provisions of section 7 of the Jlailways Authorization Act, 1885, the information regarding the last-mentioned being furnished by the respective Boards. The rate of interest earned has been computed on the average capital.