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Railway head, the amount provided being
the assessed contribution on a life
basis of all wasting assets less the
provision made under Special Expenditure
for actual renewals, any temporary
excess of the latter being adjusted the
following year,
year, and
to be
Raditional sums
being provided as possible from the
Colony's surplus until the arrears of
contributions have been made good,
the
sums voted to be carried to a Railway
Renewals Fund Reserve Account in the
Colony's statement of Assets and
Liabilities, and a roughly corresponding
sum to be invested separately, the
interest and any appreciation or
depreciation being accounted for as if
the investments had been made on account
of surplus funds.