B—s

Statement op Accounts Revenue Account for the Year ended 31st March, 1948 Expenditure £ Income £ Retiring-allowances to members .. .. .. .. 815,231 Members'contributions .. .. .. .. .. 259,479 Allowances to widows and children .. .. .. 89,718 Members'contributions on account of casual service .. 17,595 Cost-of-living bonus .. .. .. .. .. 91,118 Fines .. .. .. .. .. .. 295 Refund of total contributions .. .. .. .. 91,569 Subsidies— Refund of contributions in excess of allowances drawn by From Consolidated Fund (section 3, Finance Act (No. 2), 1942) 81,500 deceased beneficiaries .. .. .. .. 1,287 j From Internal Affairs (Appropriation Act, 1947) .. .. 447,000 Transfers to other funds .. .. .. .. 4,454 From Internal Affairs.. .. .. .. .. 50,000 Earthquake damage insurance .. .. .. .. 31 From Working Railways Account (section 119, £ Withdrawal of total contributions .. .. .. 89,196 Government Railways Act, 1926) .. .. 243,500 Administration charges— From Working Railways Account: Increased allow-Travelling-expenses of Board members .. .. .. 41 ances to annuitants compulsorily retired (section Public Trust Commission .. .. .. .. 419 31, Superannuation Amendment Act, 1945) .. 4,504 Audit fee .. .. .. .. .. 50 From Working Railways Account : Increased Salaries .. .. .. .. .. .. 3,761 allowances to widows and children (section 114, Postages .. .. .. .. .. .. 514 Government Railways Act, 1926, and sections 28 Printing and stationery .. .. .. .. 232 and 29, Superannuation Amendment Act, 1945) 56,984 Balance carried down, being excess of income over expenditure From Working Railways Account: Cost-of-living for the year .. .. .. .. .. .. 84,584 bonus .. .. .. .. .. 91,118 396,106 New Zealand Railway Tradesmen's Association .. .. 27 New Zealand Engine-drivers, Firemen, and Cleaners' Association .. .. .. .. .. 39 Amalgamated Society of Railway Servants .. .. 27 New Zealand Railway Officers' Institute .. .. 37 Interest— £ Investments .. .. .. .. 17,378 Treasury Department.. .. .. .. 2,667 20,045 Commission on Government Life Insurance collections .. 55 £1,272,205 £1,272,205 £ £ Balance, accumulated funds as at 31st March, 1948 .. 557,674 Balance brought down .. .. .. .. .. 84,584 Accumulated funds brought forward on Ist April, 1947 .. 473,090 £557,674 £557,674

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