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1996/97 STATE TRANSIT ANNUAL REPORT



Notes To and Forming Part of the Financial Statements

For the year ended 30 June 1997

Statement in Accordance with S41C(1B) of the Public Finance and Audit Act 1983

Pursuant to Section 41C(1B) of the Public Finance and Audit Act 1983 and, in accordance with a resolution of the members of the Board of the State Transit Authority of New South Wales, we declare:

1. The accompanying financial statements exhibit a true and fair view of the financial position of the State Transit Authority of New South Wales as at 30 June 1997 and transactions for the year then ended; and

2. The statements have been prepared in accordance with the provisions of the Public Finance and Audit Act 1983, Public Finance and Audit (General) Regulation 1995 and the Treasurer's Directions.

Further, we are not aware of any circumstances which would render any particular included in the financial statements to be misleading or inaccurate.



DAVID HERLIHY JOHN STOTT
CHAIRMAN CHIEF EXECUTIVE


North Sydney
28 August, 1997



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