D—2

STATEMENT No. 10 Railway Employees' Sick Benefit Society

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Income and Expenditure EXPENDITURE. 1947-48. 1946-47. INCOME. 1947-48. 1946-47. Sick benefits paid to members Excess of expenditure over ineome Balance accumulated funds as at 31st March £ 40,869 £ 52,286 Contributions Entrance fees Interest on investments Subsidy as per section 5, subsection (1), of Government Railways Amendment Act, 1928, and section 26 of the Statutes Amendment Aet, 1944, charged to Working Railways Account Balance, being excess of expenditure over income for the year Accumulated funds brought forward on 1st April £ 25,490 257 213 7,500 7,409 £ 25,681 278 225 24,580 1,522 40,869 52,286 40,869 52,286 7,409 555 1,522 7,964 7,964 9,486 7,964 9,486 7,964 9,486 Balance-sheet Liabilities Accumulated funds Sick pay due not paid £ 555 123 £ 7,964 16 Assets Investments Contributions outstanding at 31st March Cash in Working Railways Account £ '*44 634 £ 7,169 21 790 678 7,980 1 678 7,980