r>.—2

3

RETURN No. 1. Capital Account as at 31st March, 1925.

General Balance-sheet as at 31st March, 1925. Liabilities. £ s. d. Assets. £ s. d. £ s. d. Capital Account— Railway Improvement Authorization AcBalance at credit thereof .. 577,601 5 7 count— Sundry creditors (including unpaid Cash in Public Account .. .. 37,801 5 7 wages) .. .. .. 332,984 10 0 Investments .. .. 539,800 0 0 Collections for refund to Harbour 577,601 5 7 Boards, shipping companies, and Working Railways— other carriers .. .. .. 33,628 18 3 Sawmills, stocks of timber, &c. .. 289,951 10 8 Treasury Adjustment Account .. 941,993 3 10 Less Reserve Account .. .. 16,649 14 9 273,301 15 11 Stores and material on hand .. .. 714,707 10 11 988,009 6 10 Sundry debtors .. •• 77,382 9 5 Outstanding at stations— Cash in hand .. •• •• 18,870 1 3 Freights, &c. .. .. 136.608 10 9 155,478 12 0 Revenue Account-— Deficiency for the year .. .. .. 87,736 9 10 £1,886,208 3 8 £1,886,208 3 8

Expended to 81st Expenditure during Total Expenditure to Amount provided to Amount provided Total Provision to 81st March, 1924. 1924-25. 31st March, 1925. ! 31st March, 1924. during 1924-25. March, 1925. Expenditure. £ s. d. £ s. d. £ s. d. | Receipts. Lines open for traffic .. 31,776,094 4 9 2,850,069 11 10 34,626,163 16 7 j From General Government Funds — £ s. d. £ s. d. £ s. d. Rolling-stock .. .. 9,366,414 10 5 284,080 5 4 9,650,494 15 9 ! Public Works Fund .. .. .. .. .. 37,335,931 8 8 2,918,443 15 5 40,254,375 4 1 Lake Wakatipu steamer service 44,350 11 1 Or. 50 0 0 44,300 11 1 Wellington-Hutt Railway Improvement Account .. .. 228,373 5 5 .. 228,373 5 5 House-factory and sawmill at Railway Improvement Account, 1904 .. .. .. 641,275 7 8 .. 641,275 7 8 Frankton Junction .. 53,492 16 0 61,486 1 9 114,978 17 9 Railway Improvement Account, 1914 — Stores and material .. 159,075 7 0 Cr. 24,266 18 6 134,808 8 6 Receipts as per Capital Account at 31st £ s. d. — _ March, 1924.. .. .. .. 932,661 19 8 41,399,427 9 3 3,171,319 0 5 44,570,746 9 8 Investments as per General Balance-sheet at Balance carried down .. .. .. 577,601 5 7 31st March, 1924 .. .. .. 831,475 9 1 Total receipts .. .. .. 1,764,137 8 9 Less expenditure by Public Works Department transferred to Unopened Lines Account .. .. .. .. 19,064 16 0 1,745,072 12 9 Proportion of cost of raising loan . . 18,065 17 6 1,763,138 10 3 .. 1,763,138 10 3 Consolidated Fund .. .. .. .. .. 4,296 7 10 .. 4,296 7 10 Westport Harbour loans .. .. .. .. .. 350,000 0 0 .. 350,000 0 0 Works constructed from Harbour Board funds — Westport .. .. .. .. .. .. 71,640 0 0 .. 71,640 0 0 Greymouth .. .. .. .. .. .. 47,508 0 0 .. 47,508 0 0 Works constructed by provinces and Midland Railway Company, at valuation .. .. .. .. .. .. 1,787,741 0 0 .. 1,787,741 0 0 £41,399,427 9 3 3,171,319 0 5 45,148,347 15 3 j £42,229,903 19 10 2,918,443 15 5 45,148,347 15 3 I' Note. —Unopened lines are under the control of the Public Works Department, and all expenditure in connection therewith is included in the accounts of that Department.