D—2

STATEMENT No. I— continued General Balance-sheet as at 31st March, 1949 Liabilities £ Assets £ Sundry creditors : General (including unpaid wages) .. 1,324,116 Sawmills, bush areas, and stocks of timber .. .. 25,249 Collections for refund .. .. .. .. 113,164 Stores and materials on hand— £ Unexpended balance of amounts transferred from National Stores Branch .. .. .. .. 4,507,996 Development Loans Account .. .. .. 6,899 Subsidiary services .. .. .. 35,621 Items to be written off on receipt of parliamentary authority 9,484 4,543,617 R newals, Depreciation and Equalization Reserve Accounts Sundry assets : Subsidiary services .. .. .. 59,404 as per Statement No. 13 .. .. .. .. 5,950,943 Work in progress, sundry debtors, and debit balances .. 228,083 Sick Benefit Fund .. .. .. .. .. 22 Accrued interest on investments .. .. .. 2,826 Outstanding at stations .. .. .. .. 968, 223 Working Railways investments .. .. .. 550, 000 Cash in Working Railways Account .. .. .. 1,027,226 £7,404,628 £7,404,628 F. H. McAuley, A.R.A.N.Z., Chief Accountant. I hereby certify that the Balance-sheet and accompanying accounts have been duly examined and compared with the relative books and documents submitted for audit, and correctly set out the position as disclosed thereby, subject to the above departmental note.— J. P. Rutherford, Controller and Auditor- General.

14