D—2

Note.—Unopened lines are tinder 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.

STATEMENT No. 1 Capital Account as at 31st March, 1946

14

— Total to 31st March, 1945. Year ended 31st March, 1946. Total to 31st March, 1946. Total to 31st March, 1945. Year ended 31st March, 1946. Total to 31st March, 1946. Expenditure Permanent-wav —Works, buildings, machinery, plant, and dwellings Rolling-stock, lake steamers, and road motors Lines closed for traffic Deduct accrued depreciation on existing assets Add unexpended balances as per Depreciation Account £ 63,850,273 16,180,807 130,249 £ 2,877,267 250,269 111,574 £ 66,727,540 16,431,076 241,823 Receipts Capital included in public debt .. Other capital Deduct accrued depreciation and other losses of capital written off in accordance with subsection (2), section 23, of the Government Railways Amendment Act, 1931 Outstanding liabilities £ 72,719,672 9,033,902 £ 3,113,146 £ 75,832,818 9,033,902 81,753,574 10,400,000 3,113,146 84,866,720 10,400,000 80,161,329 10,666,519 3,239,110 522,523 83,400,439 11,189,042 69,494,810 1,858,764 2,716,587 396,570 72,211,397 2,255,334 71,353,574 3,113,146 11 74,466,720 11 71,353,574 3,113,157 74,466,731 71,353,574 3,113,157 74,466,731