D—2

STATEMENT No. 1 Capital Account as at 31st March, 1948

13

Total to Year ended Total to Total to Year ended Total to 31st March, 31st March, 31st March, 31st March, 31stMareh, 31st March, 1947. 1948. 1948. 1947. 1948. 1948. Expenditure £ £ £ Receipts £ £ £ Permanent-way —Works, buildings, 67,536,197 689,769 68,225,966 Capital included in public debt .. 76,673,562 1,724,259 78,397,821 machinery, plant, and dwellings Other capital .. .. .. 9,080,681 10,529 9,091,210 Rolling-stock, lake steamers, and road 16,925,004 1,728,957 18,653,961 motors Lines closed for traffic .. .. 241,823 .. 241,823 84,703,024 2,418,726 87,121,750 85,754,243 1,734,788 87,489,031 Deduct accrued depreciation on 11,539,068 627,465 12,166,533 Deduct accrued depreciation and 10,400,000 .. 10,400,000 existing assets other losses of capital written off in accordance with subsection (2), section 23, of the Government Railways Amendment Act, 1931 73,163,956 1,791,261 74,955,217 Add unexpended balances as per 2,190,287 Or. 56,473 2,133,814 Depreciation Account — 75,354,243 1,734,788 77,089,031 75,354,243 1,734,788 77,089,031 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.