B.—l [PT. IV].

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

Railway Employees' Sick Benefit Society. Income and Expenditure.

136

Per Cent, of Per Cent, of Reyenue. Revenue. EXPENDITURE. 1932-33. 1931-32. REVENUE. 1932-33. 1931-32. 1932-33. 1931-32. 1932-33. 1931-33. . £ £ £ £ Superintendence — Salaries and 5,876 7,309 7-47 10-05 Passengers .. .. .. 77,529 71,589 98-58 98-42 office expenses Parcels and mails .. .. 1,016 934 1-29 1-28 Maintenance charges .. .. 11,537 13,177 14-67 18-10 Advertising .. .. 99 217 0-13 0-30 Running-expenses .. .. 39,325 37,481 50-00 51-53 License fees .. .. .. 2,814 2,623 3-58 3-6.1 Insurance and depreciation .. 16,694 12,995 21-23 17-87 76,246 73,585 96-95 101-16 78,644 72,740 100-00 100-00 Operating profit .. .. 2,398 .. 3-05 .. Operating loss .. .. .. 845 .. 1-16 78,644 73,585 100-00 101-16 78,644 73,585 100-00 101-16 Operating loss .. .. .. 845 .. 1-16 Operating profit .. .. 2,398 .. 3-05 Payments to railway revenue— Net loss .. .. .. .. 2,950 .. 4-05 Interest on capital .. .. 1,877 2,105 2-39 2-89 Net profit .. .. .. 521 .. 0-66 2,398 2,950 3-05 4-05 2,398 2,950 3-05 4-05

Expenditure. I 1932-38. 1931-32. j Income. 1932-33. 1931-32 £ £ £ £ To Sick pay paid to members .. .. 18,310 22,566 By Contributions .. .. .. .. 16,229 18,330 Balance carried down, being excess of income 6,604 4,374 Entrance fees .. .. .. .. 37 15 over expenditure Interest on investments .. .. 648 595 Subsidy as per section 5, subsection (1), of 8,000 8,000 Government Railways Amendment Act, 1928, charged to Working Railways Account 24,914 26,940 24,914 26,940 To Balance accumulated funds as at 31st March 21,214 14,610 By Accumulated funds brought forward on 14,610 10,236 1st April Balance brought down .. .. .. 6,604 4,374 21,214 14,610 21,214 14,610 Balance-sheet. Liabilities. £ £ Assets. £ £ Accumulated funds .. .. .. 21,214 14,610 Investments .. .. .. .. 20,628 14,180 Siok pay due not paid .. .. 6 10 Cash in Working Railways Account .. . . 592 438 Contributions outstanding at 31st March .. 2 21,220 14,620 21,220 14,620