B.—l [PT. TV],

WORKING RAILWAYS ACCOUNT—continued. General Balance-sheet as at 31st March, 1940. Liabilities. Assets. Sundry creditors — £ s. d. £ s. d. £ s . d. £ s. d. General creditors (including Sawmills, bush areas, and stocks unpaid wages) and credit of timber .. .. .. 199,213 18 8 balances .. .. 743,138 9 8 Stores and materials on hand— Government Departments .. 23,461 6 2 Stores Branch .. .. 1,975,853 15 8 766,599 15 10 Subsidiary Services .. 22,640 13 0 Collections for refund to— \ 993 494. § g Harbour Boards, shipping Sundry assets— companies, and other Advertising Branch .. 14,539 18 11 carriers .. .. 29,902 15 9 Refreshment Branch .. 38,537 8 4 Government Departments .. 280 12 1 Housing improvements .. 9,152 1 7 30,183 7 10 , 62,229 8 10 Items to be written off on Sundry debtors— receipt of parliamentary Government Departments .. 98,359 4 4 authority .. .. .. 5,720 17 7 Advances: Housing scheme General Reserve .. .. 1,144,552 17 8 under Government RailDepreciation Reserve Account 1,138,244 17 1 ways Amendment Act, Renewals Reserve Account .. 582,707 16 II 1927, section 15 (5), RailInsurance Reserve Accounts — . ways employees .. 142 0 1 Fire .. .. .. 102,563 2 4 Work in progress, sundry Workers'compensation .. 51,192 14 5 debtors, and debit balances 222,748 8 9 Slips, Floods, and Accidents 321 249 13 2 Equalization Account .. 10,693 16 8 Employment Promotion Fund: 3, 029, 955 5 1 Subsidized works .. .. .. 489,232 II 10 Employment Promotion Fund : Subsidy on Outstanding at stationsworks .. .. .. .. .. 489,232 11 10 Cash in hand .. .. 30,238 4 0 Betterments Reserve Account : Refreshment Freights, &c., owing by GoBranch .. .. .. .. 3,663 17 6 vernment Departments .. 89,765 6 5 Sick Benefit Fund .. .. .. 43,156 9 1 Freights, &c., owing by sundry debtors .. .. 190,273 II 5 — 310,277 1 10 Sick Benefit Fund investments .. .. 43,898 10 8 Cash in Working Railways Account .. .. 943,916 11 1 £4,368,512 4 9 £4,368,512 4 9 W. Bishop, 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 a,nd documents submitted for audit, and correctly set out the position as disclosed thereby, subject to the above departmental note, and to the exception that the cost of exchange in respect of interest payments made in London during the year for the purposes of this account has not been charged to the account but has been borne by the Consolidated Fund.—Cyril G. Collins, Controller and Auditor-General. (For Reserve Accounts see parliamentary paper D.-2, page 45.)

NEW ZEALAND STATE COAL-MINES. General Profit and Loss Account for the Year ended 31st March, 1940. Dr. Cr. Net loss— £ s. d. £ s. d. Net profit— £ s. d. £ s. d James Colliery .. 1,072 2 6 Liverpool Colliery .. 3,361 3 1 Strongman Colliery .. .. 3,730 610 Mac Donald Colliery .. . 1,667 14 6 4,802 9 4 Wellington Depot .. .. 2,514 10 5 Runanga water-supply scheme .. .. 1,000 0 0 Christchurch Depot .. .. 1,219 0 3 Balance: Net profit for year carried down .. 14,840 1 4 Wanganui Depot .. .. 13 4 8,763 11 7 Net recoveries— Seddonville Colliery .. .. 37 10 2 Royalties .. .. .. 4,542 5 4 Stores sales .. .. .. 173 3 10 4,752 19 4 Net revenue from hire of plant, buildings, &c. 112 6 9 Interest on investments .. .. .. 7,013130 £20,642 10 8 £20,642 10 8 £ s - d. £ s. d. Sinking Fund Account for redemption of loan Net profit for year .. .. .. 14,840 1 4 capital .. .. .. .. .. 5,500 0 0 Balance : Net surplus for year ~ . . 9,340 1 4 £14,840 1 4 £14,840 1 4

(For Profit and Loss Accounts of the separate undertakings and for other subsidiary statements see parliamentary paper C.-2a.)

7—B. 1 [PT. IV].

45