B.—l [PT. IV], SUP. TO 1932.

NEW ZEALAND GOVERNMENT RAILWAYS— continued. Capital Account as at 31st March, 1932.

Note.—Unopened lines are under the control of the Public Works Department, and all expenditure out of the Public Works Fund in connection therewith is included in the accounts of that Department. Since the accounts were closed it has been ascertained that the figures supplied and included in the Capital Account in respect of cost of raising loans for year ended 31st March, 1932, were overstated by £1,434 14s. sd. The necessary adjustments will be made in next year's accounts.

110

Total to 31st March, 1931, less Assets tw„i qi„<- i * o-. j. ™ , written off and Provision for accrued Year ended 31st March, 1932. Total to 31st March, Total to 31st March, Year ended Total to 31st March, Depreciation. 1932 - 193 1- 31st March, 1932. 1932. Expenditure. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Receipts. £ s. d. £ s. d. £ s. d. Permanent-way, works, buildings, 48,806,619 11 5 38,529 13 5 From General Government machinery, and plant (lines open Funds — for traffic) Public Works Fund .. 49,745,286 2 2 777,298 13 3 50,522,584 15 5 Less assets written off .. .. 501,654 0 0 845 3 7 Wellington-Hutt Railway Im- 228,373 5 5 .. 228 373 5 5 48,304,965 11 5 37,684 9 1048,342,650 1 3 provement Account Rolling-stock .. .. .. 11,614,623 2 1 351,275 11 8 Railways Improvement Ac- 641,275 7 8 .. 641 275 7 8 Less assets written off .. .. 1,497,535 15 7 56,001 13 2 count, 1904 10,117/087 6 6 295,273 18 610,412,361 5 0 Railways Improvements Autho- 8,691,114 13 101)r. 42,496 7 0 8,648,618 6 10 rization Act 1914 Account New lines in course of construction by Consolidated Fund .. .. 4,296 7 10 .. 4,296 7 10 Public Works Department and Westport Harbour Loans .. 350,000 0 0 Dr. 21,810 0 0 328,190 0 0 charged against — Works constructed from Harbour 1. Railways Improvement Autho- .. 1,133,923 1 6 .. .. 1,133,923 1 6 Board funds — rization Act 1914 Account Westport .. .. .. 71,640 0 0 Dr. 71,640 0 0 2. Public Works Fund, Railways, .. .. .. 195,634 6 5 195,634 6 5 Greymouth .. .. 47,508 0 0 .. 47,508 0 0 Improvements and additions Works constructed by provinces 1,787,741 0 0 .. 1,787,741 0 0 to open lines and Midland Railway Company Lake Wakatipu steamer service .. 45,039 14 11 at valuation Less assets written off .. .. 13,479 0 0 — 31,560 14 11 31,560 14 11 61,567,234 16 11 641,352 6 362,208,587 3 2 Road motor service .. .. 78,871 0 4 Less accrued depreciation and 10,400,000 0 0 .. 10,400,000 0 0 Less assets written off .. .. 9,083 10 7 other losses of capital written 69,787 9 9 Gr. 443 0 0 69,344 9 9 off in accordance with subsection (2), section 23, of 59,657,324 4 1 528,149 14 960,185,473 18 10 the Government Railways Amendment Act, 1931 Less accrued depreciation on existing Less repayments to capital in .. 439,189 16 8 439,189 16 assets — respect of depreciation year Way and works, &c. .. .. 4,502,766 11 9 142,233 2 6 ended 31st March, 1932 Rolling-stock .. .. .. 3,847,007 0 0 229,389 6 10 51,167,234 16 11 202,162 9 751,369,397 6 6 Lake Wakatipu steamer .. 13,192 12 8 426 0 0 Advances to Capital Account from .. 55,272 9 1 55,272 9 1 Road motor service .. .. 15,281 9 5 10,294 10 7 Working Railways Account 8,378,247 13 10 382,342 19 11 8,760,590 13 9 Outstanding liabilities .. .. 213 9 6 213 9 6 51,279,076 10 3 145,806 14 1051,424,883 5 1 51,167,234 16 11 257,648 8 2 51,424,883 5 1