Working Railways Account.

The Working Railways Account within the Public Account is so far as the Railways Department is concerned a bank account, into which all receipts are paid and from which all disbursements including interest on capital are made. The balance in this account is watched closely from day to day and full advantage is taken of the authority given under the legislation passed in 1925, for the investment of surplus funds in the Working Railways account. The Balance Sheet as at 31st March, 1926, shows that £175,000 was so invested at that date.

This concludes a brief summary of the expenditure of the accounting system. The Traffic Transportation portion of the “step-ladder” statement showing the method of presenting the final figures each four weekly period is reproduced in this issue. The complete “step-ladder” shows details of expenditure under each main heading, and is compiled for each section as well as for the whole system.

It is proposed to deal with the revenue side of the Accounting System in a later issue.