STATEMENT No. 1 Capital Account as at 31st March, 1945

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General Balance-sheet as at 31st March,. 1945 Liabilities Assets £ Sundry creditors— £ Sawmills, bush areas, and stocks of timber .. 67,611 General (including unpaid wages) .. .. 1,333,723 Stores and materials on hand— £ Collections for refund .. .. .. .. 45,478 Stores Branch .. .. 2,566,139 Unexpended balance of amounts transferred from Subsidiary services .. .. 25,465 National Development Loans Account .. .. 2,212 2,591,604 Items to be written off on receipt of parliamentary Sundry assets : Subsidiary services .. .. 49,993 authority .. .. .. .. .. 6,616 Work in progress, sundry debtors, and debit balances 253,075 Renewals, Depreciation and Equalization Reserve Accrued interest on investments .. .. .. 1,295 Accounts as per Statement No. 13 .. .. 4,797,628 Outstanding at stations .. .. .. .. 822,416 Sick Benefit Fund .. .. .. .. 7,983 Working Railways investments .. .. .. 1,975,000 Sick Benefit Fund investments .. .. .. 1,730 Cash in Working Railways Account .. .. 430,916 £6,193,640 j £6,193,640 F. H. McAuley, 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 and documents submitted for audit, and correctly set out the position as disclosed thereby, subject to the above departmental note.— Cyril G. Collins, Controller and Auditor-General.

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Total to 31st March, Year ended Total to 31st March, Total to 31st March, Year ended j Total to 31st March, 1944. 31st March, 1945. 1945. IMi. 31st March, 1945. 194s. Expenditure £ £ £ Receipts £ £ - Permanent - way — Works, buildings, 63,239,498 610,775 63,850,273 j Capital included in public debt .. 72,365,223 354,449 72,719,672 machinery, plant, and dwellings Other capital .. .. .. 9,033,902 .. 9,033,902 Rolling-stock, lake steamers, and road 15,767,240 413,567 16,180,807 — motors 1 81,399,125 354,449 81,753,o74 Lines closed for traffic .. .. 130,249 .. 130,249 Deduct accrued depreciation and other 10,400,000 .. 10,400,000 losses of capital written off in accord79.136,987 1,024,342 80,161 ,329 ance with subsection (2), section 23, Deduct accrued depreciation on exist- 10,193,804 472,715 10,666,519 | of the Government Railways Amendin" assets ment Act, 1931 ~ ' 68,943,183 551,627 69,494,810 70,999,125 354,449 71,353,574 Add unexpended balances as per 2,055,942 Gr. 197,178 1,858,764 Outstanding liabilities Depreciation Account £70,999,125 £354,449 £71,353,574 £70,999,125 £354,449 £71,353,574 5TOTE.— Unopened lines are under the control of the Public Works Department, and all expenditure out of the Public Works Account in connection therewith is included in the accounts of that Department