B.—l [PT. IV], SUP. TO 1932.

NEW ZEALAND GOVERNMENT RAILWAYS—continued. Income and Expenditure in respect of Road Motor Services.

Railway Employees' Sick Benefit Society. Income and Expenditure.

108

Per Cent, of Per Cent, of Revenue. Revenue. EXPENDITURE. 1931-32. 1930-31. — REVENUE. 1931-32. 1930-31. 1931-32. 1930-31. 1931-32. 1930-31. £ £ £ £ Superintendence — Salaries and 7,309 9,419 10-05 9-11 Passengers .. .. .. 71,589 101,561 98-42 98-27 office expenses Parcels and mails .. .. 934 1,737 1-28 1-68 Maintenance charges .. .. 13,177 16,336 18-10 15-81 Advertising .. .. 217 50 0-30 0-05 Running-expenses .. .. 37,481 52,548 51-53 50-85 License fees .. .. .. 2,623 3,127 3-61 3-03 Insurance and depreciation .. 12,995 21,313 17-87 20-62 73,585 102,743 101-16 99-42 72,740 103,348 100-00 100-00 Operating profit .. .. .. 605 .. 0-58 Operating loss .. .. 845 .. 1-16 73,585 103,348 101-16 100-00 73,585 103,348 101-16 100-00 Operating loss .. .. 845 .. 1-16 .. Operating profit .. .. .. 605 .. 0-58 Payments to railway revenue —- Net loss .. .. .. 2,950 5,843 4-05 5-66 Interest on capital .. .. 2,105 2,787 2-89 2-70 Preliminary expenses .... 3,537 .. 3-42 Earthquake relief — Cost of . . .. 124 .. 0-12 services rendered gratis 2,950 6,448 4-05 6-24 2,950 6,448 4-05 6-24

Expenditure. 1931-32. 1930-31. Income. 1931-32. 1930-31 & £ £ £ To Sick pay paid to members .. .. 22,566 25,021 By Contributions .. .. .. .. 18,330 21,117 Balance carried down, being excess of income 4,374 4,545 Entrance fees .. .. .. .. 15 89 over expenditure Interest on investments .. .. 595 357 Donation .. .. .. .. .. 1 Pines .. .. .. .. .. 2 Subsidy as per section 5 subsection (1) of 8,000 8,000 Government Railways Amendment Act, 1928, charged to Working Railways Account 26,940 29,566 26,940 29,566 To Balance accumulated funds as at 31st March 14,610 10,236 By Accumulated funds brought forward on 10,236 5,691 1st April Balance brought down .. .. .. 4,374 4,545 14,610 10,236 14,610 10,236 Balance-sheet. . Liabilities. £ £ Assets. £ £ Accumulated funds .. .. .. 14,610 10,236 Investments .. .. .. ..14,180 9,183 Sick pay due, not paid .. .. .. 10 19 Cash in Working Railways Account .. .. 438 1,065 Contributions outstanding at 31st March .. 2 14,620 10,255 14,620 10,256