D—2

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.

STATEMENT No. 1 Capital Account as at 31st March, 1947

19

— Total to 31st March,. 1946. Year ended 31st March, 1947. Total to 31st March, 1947. Total to 31st March, 1946. Year ended 31st March, 1947. Total to 31st March, 1947. Expenditure Permanent-way —Works, buildings, machinery, plant, and dwellings Rolling-stock, lake steamers, and road motors Lines closed for traffic £ 66,727,540 16,431,076 241,823 £ 808,657 493,928 £ 67,536,197 16,925,004 241,823 Receipts Capital included in public debt .. Consolidated Fund : Liability for administrative charges Other capital £ 75,806,278 26,540 £ 867,284 20,239 £ 76,673,562 46,779 75,832,818 9,033,902 887,523 76,720,341 9,033,902 Deduct accrued depreciation on existing assets 83,400,439 11,189,042 1,302,585 350,026 84,703,024 11,539,068 Deduct accrued depreciation and other losses of capital written off in accordance with subsection (2), section 23, of the Government Railways Amendment Act, 1931 Outstanding liabilities 84,866,720 10,400,000 887,523 85,754,243 10,400,000 Add unexpended balances as per . Depreciation Account 72,211,397 2,255,334 952,559 Cr. 65,047 73,163,956 2,190,287 74,466,720 11 887,523 Dr. 11 75,354,243 74,466,731 887,512 75,354,243 74,466,731 887,512 75,354,243