B.—l [PT. IV, Sup.].

PENSIONS DEPARTMENT —continued. Balance-sheet as at 31st March, 1928. Liabilities. Assets. £ s. d. £ s. d. £ s. d. Capital .. .. .. .. .. 5,141 0 9 Mechanical appliances .. .. 1,202 010 Reserve for depreciation .. .. .. 2,113 0 6 Less written off Suspense AcCreditors — : count .. .. .. 70 10 9 Sundry.. .. .. .. .. 7,395 17 8 Union of South Africa Government .. 194 8 8 1,131 10 1 Instalments paid but not cleared by Treasury 1,031 8 3 Office furniture and equipment .. 4,427 0 7 Pensions due but unpaid .. .. .. 48,159 2 6 5,558 10 8 Treasury Adjustment Account .. .. 2,895,481 11 0 Medical stores on hand .. 775 12 0 Stationery on hand .. .. 938 16 10 Stamps on hand .. .. 59 9 6 1,773 18 4 Sundry debtors — Advances on account of other Governments — Commonwealth .. ..13,62118 1 Canadian .. .. 463 6 11 Imperial .. .. .. 14,264 16 2 Newfoundland .. .. 3 0 0 Government Departments .. 40,694 19 9 69,048 0 11 Pensions prepaid .. .. .. 177,771 8 5 Accounts prepaid .. .. .. 92 3 3 Excess of expenditure over income .. 2,705,274 7 9 £2,959,518 9 4 £2,959,518 9 4 31st May, 1928. G. C. Fache, Commissioner of Pensions. I hereby certify that the Income and Expenditure Account and Balance-sheet have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby, subject to the above departmental notes. —G. F. C. Campbell, Controller and Auditor-General.

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