B.—l FPt. I].

PUBLIC ACCOUNTS, 1926-1927.

STATEMENT of the RECEIPTS and EXPENDITURE of the PUBLIC WORKS FUND for the

22

ELECTRIC • 1925-1926. RECEIPTS. 1926-1927. £ s. d. Balance at beginning of Year, — £ g. d. £ s. d. 30,471) 13 10 Cash in the Public Account .. .. .. .. .. .. 2,350 6 8 Imprests outstanding— 3,598 15 1 In the Dominion .. .. .. .. .. .. .. 2,145 7 0 42,369 6 11 In London .. .. .. .. .. .. .. 43,616 0 9 152,800 0 0 Investment Account .. .. .. .. .. .. .. 90,000 0 0 138,111 14 5 229,247 15 10 Credits-in-Aid,— 36,587 10 2 Vote—Development of Water-power .. .. .. .. .. .. j 28,316 2 0 Credits in Reduction, — Unauthorized Expenditure— Services not provided for .. .. .. .. .. .. .. .. I 45 11 10 994 10 0 Recoveries on account of Expenditure of previous Years .. .. .. .. 2,063 15 2 State Supply of Electrical Energy Act, 1917, Section 8, — 234,438 17 1 Sales of Electric Energy .. .. .. .. .. .. .. 339,993 16 4 3 791 7 1 Miscellaneous Receipts .. .. .. .. .. .. .. 7,490 6 8 1 347,484 3 0 238,230 4 2 9,832 5 5 Interest on Securities held by Investment Account .. .. .. .. .. 14,748 3 0 New Zealand Loans Act, 1908, — New Zealand Consolidated Stock, 1946— Electric-power Works Loan Act, 1919 — Stock issued in respect of £1,100,000 authorized (part of £6,000,000 5-per-cent. Stock Loan, 1926) .. .. .. .. .. .. 1,100,000 0 0 I Stock issued in respect of amount required to cover Charges and Expenses of raising £1,100,000 authorized (part of £6,000,000 5-per-cent. Stock Loan, 1926) 41,648 17 10 Premium .. .. .. .. .. .. .. .. 416 9 9 Interest on overdue instalments .. .. .. .. .. 709 New Zealand Consolidated Stock, 1945 — Electric-power Works Loan Act, 1919— Stock issued in respeot of £500,000 authorized (part of £7,000,000 4|-per-cent. 500,000 0 0 StockLoan).. Stock issued in respeot of amount required to cover charges and expenses of 42,004 10 10 raising £500,000 .. .. 3 3 2 Interest on overdue instalments Finance Act, 1920 (Section 15),- (Electric-power Works) — 104,450 0 0 5J-per-cent. Debentures issued 30,000 0 0 4j-per-cent. Debentures issued New Zealand Inscribed Stock Act, 1917— Finance Act, 1920 (Section 15), (Electric-power Works)— 188,600 0 0 Inscribed Stock issued .. .. .. .. .. 98,000 0 0 6,950 0 0 5J-per-cent. Inscribed Stock (Death Duties) issued 1,240,072 8 i 872,007 14 0 — Public Revenues Amendment Act, 1913, Seotion 34, — Proceeds of Treasury Bills issued in anticipation of Loan .. .. .. .. 50,000 0 0 New Zealand Loans Aot, 1908, Section 5 (1) (&),— Electric-power Works Loan Act, 1919 — Temporary Advance received from Bank of England on Memorandum of Security .. 110,000 0 0 t.1,386,899 19 7 Totals .. .. .. .. .. .. .. £1,930,84117 9 ELECTRIC SUPPLY £ s. d. Balance at beginning of Year, — £ s. d. £ s. d. 108 10 2 Cash in the Publio Acoount .. .. .. .. .. .. 151 12 000 0 0 Investment Acoount .. .. .. .. .. .. .. 17,390 0 0 17,391 5 1 12,108 10 2 State Supply of Eleotrical Energy Aot, 1917, Section 12, — Transfer from Electrio Supply Account— 4,748 3 5 Horahora Soheme .. .. .. .. .. .. 11,342 0 0 Lake Coleridge Soheme .. .. .. .. .. .. .. 8,906 15 11 11 — 20,248 15 11 534 11 6 Interest on Securities held by Investment Account .. .. .. .. .. 1,022 12 0 £17,391 5 1 Totals .. .. .. .. .. .. .. £38,662 13 0 Notb. —In these accounts the credits-in-aid (section 51, Public Revenues Act, 1926) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as prior to 1924-25. For the purposes of comparison a summary showing the net expenditure will be found on page 81.