D-2

3

General Balance-sheet as at 31st March, 1932. Liabilities. ! Assets.

Sundry creditors— Sawmills, bush areas, and stocks £ s. d. £ s. d. General creditors (including £ s. d. £ s. d. of timber .. .. .. .. 211,313 13 2 unpaid wages) and credit Stores and material on hand— balances .. .. 338,301 7 4 Stores Branch .. .. 602,129 ,10 8 Government Departments 13,806 1 9 Subsidiary services .. 5,142 6 9 — _ 352,107 9 1 667,271 17 5 Collections for refund to — Sundry assets— Harbour Boards, shipping Advertising Branch .. 37,184 5 4 companies, and other Refreshment Branch , . 30,477 19 11 carriers .. .. 13,749 18 7 Road motor services .. 842 15 10 Government Departments 2,573 9 6 Housing improvement .. 15,792 1 7 16,323 8 1 ' 84,297 2 8 Items to be written off on Sundry debtors — receipt of parliamentary Advances to capital .. 55,272 9 1 authority .. .. .. 5,326 310 Government Departments .. 18,236 10 4 General reserve .. .. 1,144,552 17 8 Advances to railway emInsurance Reserve Accounts— ployees under section 15 Fire .. .. .. 53,867 6 4 (5) of Government RailWorkers' Compensation .. 18,275 16 10 ways Act, 1927 .. .. 5,785 16 2 Slips, Floods, and Accidents Work in progress, sundry Equalization Account .. 63,837 2 5 debtors, and debit balances 118,944 3 1 — 1,280,533 3 3 198,238 18 8 Betterments Reserve Account— Outstanding at stations— Refreshment Branch .. .. 3,998 10 9 Cash in hand .. .. 28,260 111 Renewals Reserve Accounts .. .. 474,506 I 5 Freight, &c., owing by GoSick Benefit Fund .. .. 14,617 19 11 vernment Departments .. 30,666 17 11 Freight, &c., owing by sundry debtors .. .. 110,401 11 0 169,328 10 10 Investments .. .. .. 600,000 0 0 Investments, Sick Benefit Fund .. 14,180 3 6 Cash in Working Railways Account .. .. .. 202,782 10 1 £2,147,412 16 4 £2,147,412 16~~4 H. Valentine, 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 notes. —J. H. Fowler, Deputy Controller and Auditor-General.