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Table F. —Waikato Electric-power Supply.—Results of Operations.

Fourth Year, : Fifth Year, ! Sixth Year, Seventh Year, March, 1924. | March, 1925, March, 192fi. March, 1927, Capital outlay— £ £ £ £ Horahora —Total expenditure .. .. 474,817 522,973 561,065 576,841 Less assets not in operation .. .. .. .. 33,734 Horahora —Assets in operation .. .. .. .. 527,331 576,841 Arapuni—Assets in operation .. .. .. •• 174,026 268,107 Total assets in operation .. ... .. .. 701,357 844,948 Costs — Working-costs .. .. .. .. 12,474 14,106 19,612 28,713* Capital costs —Interest .. .. .. 21,231 20,129 31,269 37,989 Capital costs —.Depreciation .. .. 10,393 9,757 13,601 16,481. Sinking fund .. .. .. .. .. 4,139 11,342 8,448 Total costs .. .. .. 44,098 48,131 75,824 91,631 Total revenue .. .. .. .. 59,924 65,184 85,830 108,748 Profit .. .. .. .. .. 15,826 17,0531" 10,006+ 17,116+ Accumulated Reserve Fund.. .. .. 3,494 20,547 30,554 47,670 Accumulated Depreciation Fund .. .. 24,832 31,681 46,444 63,782 Accumulated Sinking Fund .. .. .. 12,718 16,983 28,939 38,515 Maximum load (kilowatts) — System for year (includes Grand Junction and .. 8,300 11,860 14,160 McLaren's Falls) Power-house for year .. .. .. 7,400 7,600 11,400 12,400 Power-house, average weekly .. .. 6,852 6,963 9,665 11,090 Units output — System total (generated and purchased) .. .. 45,643,664 67,026,141 86,652.102 Power-house units generated .. .. 45,077,150 45,070,650 65,435,630 79,253^160 Units available for outgoing lines .. .. .. .. 65,815,911 84,802,102 Units sold .. .. .. .. 39,914,854 41,281.159 60,261,326 75,844,229 Losses in transmission and distribution .. 5,162,296 4,362,505 5,554,585 8,957,873 Losses —Per cent, of units available .. 11-3 9-6 8-44 10-55 Load-factor, annual (per cent.) — System .. . . . . .. .. 62-7 64-5 69-9 Power-house . . .. ■ . ■ • 69 6 67-6 65-5 72-9 Power-house, average weekly . . .. 75-3 71-9 77-5 81-6 Working-costs (less power purchased)— Per kilowatt (power-house annual maximum) £1-69 £1-69 £1-49 £1-645 Per kilowatt (power-house average weekly £1-82 £1-85 £1-76 £1-84 maximum) Per unit generated at Horahora .. .. 0-067d. 0-068d. 0-063d. 0-062d. Per unit sold (less units purchased) .. 0-075d. 0-076d. 0-070d. 0-0645d. Capital costs — Per kilowatt (power-house annual maximum) £4-28 £4-47 £4-93 £5-07 Per kilowatt (power-house average weekly £4-62 £4-88 £5-81 £5-69 maximum) Per unit generated (at Horahora) .. .. 0-168d. 0-181d. 0-206d. 0-1905d. Per unit sold .. .. .. .. 0-194d. 0-200d. 0-230d. 0-199d. Total costs (less power purchased)— Per kilowatt (power-house annual maximum) £5-96 £6-17 £6-42 £6-715 Per kilowatt (power-house average weekly £6-44 £6-73 £7-58 £7-51 maximum) Per unit generated (at Horahora) .. .. 0-235d. 0-250d. i 0-269d. 0-252d. Per unit sold (less units purchased) .. 0-277d. 0-277d. . 0-299d. 0-264d. Total costs on system — Per kilowatt (system annual maximum) . . .. £5-80 £6-39 £6-51. Per unit generated and purchased . . .. . . 0-253d. 0-271d. 0-255d. Per unit sold .. .. .. . . . . 0-279d. 0-302d. 0-291d. Revenue — Per kilowatt (system annual maximum) .. .. £7-85 £7-24 £7-72 Per kilowatt (power-house annual maximum) i £8-10 £8-58 £7-52 £8-75 Per kilowatt (power-house average weekly ! £8-73 £9-34 £8-88 £9-79 maximum) Per unit generated and purchased .. .. 0-319d. 0-343d. 0-307d. 0-301d. Per unit sold .. .. . . .. 0-360d. 0-379d. 0-342d. 0-343d. * Includes £8,787 for power purchased. f After deducting sinking fund.