8.-l [PT. IY, Sup.] .

NEW ZEALAND GOVERNMENT RAILWAY S— continued. General Balance-sheet as at 31st March, 1927. Liabilities. £ s. d. i Assets. Sundry creditors (including unpaid 314,485 11 2 ' Sawmills— £ s. d. £ s. d. wages) Stocks of timber, &c. .. .. 282,033 1 10 Collections for refund to Harbour 15,468 17 10 Less reserve .. .. .. 11,378 17 6 Boards, shipping companies, and 270,654 4 4 other carriers Stores and material on hand— General Reserve Fund .. .. 1,375,662 6 1 Stores Branch .. .. .. 776,555 10 1 General Renewals and Depreciation 636,738 9 3 Advertising Branch .. .. 2,102 14 6 Fund Refreshment Branch .. .. 8,295 13 1 Betterments Eund .. .. 13,699 5 9 Training-school Hostel .. .. 60 18 11 Insurance Eunds .. .. .. 35,245 8 0 — 787,014 16 7 Items to be written off on receipt of 3,475 7 4 Sundry assets— parliamentary authority Advertising Branch .. .. 54,048 7 3 Refreshment Branch .. .. 25,910 0 10 Housing improvements .. .. 3,327 17 8 — 83,286 5 9 Sundry debtors— Advances to capital .. .. 32,356 19 3 Government Departments .. 7,773 6 1 Advances under Hutt Valley Lands 11,245 12 2 Settlement Act, 1925 Work in progress .. .. 56,442 14 5 107,818 11 11 Less amounts paid in advance 19,526 17 11 — 88,291 14 0 Accrued interest on investments .. 3,219 6 3 Accrued subsidy on branch lines and 30,863 1 10 isolated sections 34,082 8 1 Outstandings at stations— Cash in hand .. .. .. 24,866 0 5 Freight, &c., owing by Government 36,656 4 9 Departments Freight owina by sundry debtors .. 126,773 6 9 188,295 11 11 Investments .. .. .. .. 500,000 0 0 Cash in Working Railways Account .. 364,514 2 7 Net Revenue Account .. .. .. 78,636 2 2 £2,394,775 5 5 £2,394,775 5 5 H. Valentine, A.1.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.— J. H. Fowler, Deputy Controller and Auditor-General.

14— B. 1 [PT. IV, SUP.] .

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