B.—l [PT. IV],

GOVERNMENT RAILWAYS SUPERANNUATION FUND— continued. Statement of Accounts, etc.— continued. Revenue Account for the Year ended 31st March, 1938.

61

EXPENDITURE. 1937-38. 1936-37. INCOME. 1937-38. 1936-37. £ s. d. £ s. d. \ £ s. d. £ s. d. Retiring-allowances to members .. .. .. .. 424,851 0 9 420,208 14 3 j Members'contributions.. .. .. .. •• 172,007 10 5 166,324 17 0 Allowances to widows and children .. .. .. 28,408 14 6 28,618 7 5 \ Members'contributions on account of casual service .. 37,508 6 3 4,011 7 11 Refund of total contributions .. .. .. .. 24,060 4 5 14,120 10 0 Pines .. .. .. .. .. .. 161 0 0 107 15 0 Refund of contributions in excess of allowance drawn by 1,481 14 10 1,041 7 3 Subsidies — deceased beneficiaries Consolidated Fund .. .. .. .. .. 45,000 0 0 65,000 0 0 Transfers to other funds.. .. .. .. ., 429 6 6 ! 234 18 7 Working Railways .. .. .. .. .. 170,000 0 0 170,000 0 0 Reserve for bad and doubtful debts .. .. .. 1,054 13 8 1,368 3 7 \ Increased allowances to annuitants as provided for by 3,494 1 8 Cost of actuarial investigation of the fund .. .. .. .. 380 0 0 ! Statutes Amendment Act, 1936 Administration charges — Working Railways, on account of increased allowances to 12,596 12 3 12,704 6 9 Travelling-expenses of Board members .. .. .. 72 15 0 74 2 6 widows and children Public Trust Office commission.. .. .. .. 1,299 4 9 1,367 8 3 j New Zealand Railway Officers' Institute .. .. 13 7 10 17 18 10 Public Trust charges (legal costs) .. .. .. 175 11 1 21 18 1 New Zealand Railway Tradesmen's Association.. .. 16 4 7 21 15 0 Audit Office fee .. .. .. .. .. 50 0 0 50 0 0 New Zealand Engine-drivers, Firemen, and Cleaners' 24 6 10 32 2 8 Salaries .. .. .. .. .. .. 1,373 12 1 1,290 15 5 I Association Postages .. .. .. .. .. .. 154 4 7 197 11 0 \ Interest — £ s. d. Printing and stationery .. .. .. .. 181 18 5 i 37 9 2 \ Investments .. .. .. .. 53,470 0 10 Balance carried down, being excess of income over expendi- 21,863 17 3 3,866 14 0 Treasury Department .. .. .. 11,119 0 0 ture for the year | 64,589 0 10 64,610 17 6 } Commission on Government Life Insurance collections .. 46 7 2 46 18 10 505,456 17 10 472,877 19 6 \ 505,456 17 10 472,877 19 6 Accumulated funds brought forward on 1st April .. .. 1,250,860 10 2 1,246,984 7 11 Balance brought down .. .. .. .. 21,863 17 3 3,866 14 0 Balance accumulated funds as at 31st March .. .. 1,272,724 7 5 ,1,250,860 10 2 j Amounts unclaimed written offLife allowances .. .. .. .. .. 4 18 5 | Widows' allowances .. .. .. .. .. 3 15 Refund of contributions .. .. .. .. 18 5 1,272,724 7 5 1,250,860 10 2 \ 1,272,724 7 5 1,250,860 10 2