B.—l |Pt. IVJ.

DEVELOPMENT OF WATER- POWER. STATEMENT OF ACCOUNTS AT THE 31st MARCH, 19023. General Balance-sheet at 31st March, 1923, compared with Position at 31st March, 1922.

109

1921-22. Liabilities. 1922-23. 1921-22. Assets. 1922-23. £ s. d. Aid to Water-power Works and Eletricc £ s. d. £ s. d. £ s. d. Lake Coleridge scheme — £ s. d. £ s. d. Supply .Accounts — 814,050 14 1 Assets as per separate balance-sheet .. 906,921 12 2 Debentures issued — Profit and Loss Account —Accumulated 350,000 0 0 .At 4 per cent, interest .. .. 350,000 0 0 29,175 9 5 loss to date .. .. .. 23,875 16 11: 119,000 0 0 At 4J per cent, interest .. .. 119,000 0 0 930,797 9 1 At 5J per cent, interest .. .. 4,000 0 0 S43,226 3 6 Bonds issued (due 1930) at 5 per cent. Lake Waikaremoana scheme — 56,150 0 0 interest .. .. .. .. 56,150 0 0 62,566 4 3 Assets as per separate balance-sheet .. 76,650 17 8 N.Z. Consolidated stock— .. Profit and Loss .Account —Loss to date .. 390 5 0 1,331,360 0 0 At 5 per cent, interest (due 1930) .. 1,331,360 0 0 j— 77,041 2 8 At 5 per cent, (due 1935-45) .. 9,575 11 0 62,566 4 3 At 5 per cent, (due 1935-45) .. 894 2 9 Waikato River schemes — 1,076,938 9 3 At 6 per cent, interest (due 1936-51) .. 1,076,938 9 3 Horahora— 807,703 17 0 At 6 per cent, interest (due 1936-51) .. 807,703 17 0 Assets as per separate £ s. d. 3,755,622 0 0 404,933 0 10 balance-sheet .. 436,755 0 4 3,741,152 6 3 Profit and Loss AcWaihi Gold-mining Company (Limited) — count — AccumuPurchase of Horahora works— Deed of 5,882 15 9 lated loss to date.. 212,500 0 0 securitv at 5 per cent, interest .. .. 212,500 0 0 430,755 0 4 . 410,816 2 7 3,953,052 0 3 3,968,122 0 0 Arapuni— Consolidated Fund — , Headworks and surInterest accrued on loans to 31st March, 13,848 13 9 veys .. .. 17,565 18 10 40,3i6 12 8 192a .. .. .. .. .. 41,363 12 5 500 0 0 Land at Auckland .. 500 0 0 Sundry creditors for interest unolaimed .. .. 70 15 11 •• Houses .. .. 56 11 9 50,000-volt linesAmount set aside as reserve to cover differ- .. Horahora - Arapuni 4,267 0 6 ence between interest payable on loans 110,000- volt lines — raised and interest earned from their .. Hamilton-.4uckland 625 5 3 temporary investment pending use .. .. 36,433 11 .. Arapuni -Te Kuiti 148 6 0 Stocks of material for Lake Coleridge scheme— 46,353 0 0 line to Auckland .. 49,158 1 8 54,536 19 0 Depreciation reserve .. .. .. 61,275 8 7 Interest during con12,148 18 6 Sundry creditors .. .. .. 2,741 7 11 2,706 13 8 struction .. 6,508 2 9 ! 04,016 16 0 i Debtors - 66,085 17 6 03.408 7 5 For rent paid in advance 9 14 2 78,839 0 11 — 515,594 1 3 4,060,664 16 5 Carried forward .. .. ' .. 14,110,006 5 11 1,380,016 17 9| Carried forward .. .. .. 1,523,432 13 0