B—l [PT. I]

WORKING RAILWAYS ACCOUNT

E. L. Greensmith, Acting Secretary to the Treasury. A. B. Taylor, Accountant to the Treasury. The Treasury, Wellington, 28th June, 1948. The foregoing accounts have been examined and found correct. J. P. Rutherford, Controller and Auditor-General. 27th July, 1948. Audit Office Note This certificate is given subject to the final audit of many vouchers which under the postaudit system provided for by the Public Revenues Act, 1926, cannot be completely audited before the date at which the Public Accounts are required by the Act to be certified.

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EXPENDITURE Annual appropriations— Vote — Working Railways Improvements and Additions to Open Lines £ s. 19,830,315 15 1,717,785 19 d. 8 7 £ s. d. 21,54.8,101 15 3 Subsidy to Railway Employees' Sick Benefit Fund 7,500 0 0 Balances at end of year — Cash Investments Imprests outstanding 726,357 16 800,000 0 434,159 9 3 0 7 1,960,517 5 10 Total £23,516,119 1 1