D.—2

STATEMENT No. 1 — continued i General Balance-sheet as at 31st March, 1926. Liabilities. £ s. d. Assets. Sundry creditors (including unpaid 288,695 2 7 Sawmills— £ s. d. £ s, d. wages) Stocks of timber, &c. .. .. 293,121 11 5 Collections for refund to Harbour 20,583 4 7 Less reserve .. .. .. 20,427 6 9 Boards, shipping companies, and 272 694 4 8 other carriers Stores and material on ham! — General Reserve Fund .. .. 1,375,662 6 1 Stores Branch .. .. .. 704,628 9 0 General Renewals Fund .. .. 280,835 19 0 Advertising Branch .. .. 1,615 18 9 Betterments Fund.. .. .. 60,000 0 0 Refreshment Branch .. .. 10,426 15 11 Insurance Funds .. .. .. 34,304 16 0 716 671 3 8 Net Revenue Account— Unappropriated 21,022 16 9 Sundry assets— surplus Advertising Branch .. .. 44,096 16 2 Refreshment Branch .. .. 26,396 12 6 — 70,493 8 8 Sundry debtors— Advances to capital .. .. 3,585 16 8 Government Departments .. .. 13,585 12 4 Advances under Hutt Valley Lands 4,240 8 1 Settlement Act, 1925 Work in progress .. .. .. 2,971 6 1 24,383 3 2 Less amounts paid in advance 14,245 6 6 10,137 16 8 Accrued interest on investments .. 1,039 11 7 Accrued subsidies on branch lines and 14,710 9 11 isolated sections 15,750 1 6 Outstandings at stations— Cash in hand .. .. .. 30,314 0 5 Freight, &c., owing by Government 26,867 19 11 Departments Freight owing by sundry debtors .. 140,025 2 3 197,207 2 7 Investments .. .. .. .. 175,000 0 0 Cash in Working Railways Account .. .. 623,150 7 3 £2,081,104 5 0 £2,081,104 5 0 * H. Valentine, Chief Accountani

4