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STATEMENT No. I —continued General Balance-sheet as at 31st March, 1947 Liabilities £ Assets £ Sundry creditors : General (including unpaid wages) .. 1,095,111 Sawmills, bush areas, and stocks of timber .. .. 58,918 Collections for refund .. .. .. .. 95,325 Stores and materials on hand— £ Unexpended balance of amounts transferred from National Stores Branch .. . . .. .. 3,374,275 developments Loans Account .. .. .. 3,602 Subsidiary services .. .. .. 28,688 Items to be written off on receipt of parliamentary authority 8,636 3,402, 963 Renewals, Depreciation and Equalization Reserve Accounts Sundry assets: Subsidiary services .. .. .. 51,955 as per Statement No. 13 .. .. .. .. 5,915,464 Work in progress, sundry debtors, and debit balances .. 310,280 Sick Benefit Fund .. .. .. ... .. 7,959 Accrued interest on investments .. .. .. 7,705 Outstanding at stations .. .. .. .. 712,109 Working Railways investments .. .. .. 2,000,000 Sick Benefit Fund investments .. .. .. 7,169 Cash in Working Railways Account .. . . .. 574,998 £7,126,097 £7,126,097 E. H. Alington, A.R.A.N.Z., Acting 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.—J, P. Rutherford, Controller and Auditor-General,

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