B.—l [PT. TV}.

ELECTRIC SUPPLY ACCOUNT. STATEMENT OF ACCOUNTS AT THE 31st MARCH, 1926. General Balance-sheet at 31st March, 1926, compared with Position at 31st March, 1925.

34

1924-25. Liabilities. 1925-26. 1924-25. Assets. 1925-26. I jj " j £ s. d. Aid to Water-power Works and Electric £ "s. d. £ s. d. £ s. d. Lake Coleridge scheme — £ s. d. £ s. d. Supply Accounts — 1,078,522 1 2 Assets as per separate balance-sheet .. .. 1,464,931 0 8 Debentures issued — Profit and Loss Account —Accumulated 125,000 0 0 At 4 per cent, interest .. .. 189,000 0 0 17,738 18 10 loss to date 344,000 0 0 At 4£ per cent, interest .. .. 310,000 0 0 4,000 0 0 At 5£ per cent, interest .. .. 108,450 0 0 1,096,261 0 0 55,750 0 0 At 5 per cent, interest .. .. 51,650 0 0 N.Z. inscribed stock — Lake Waikaremoana scheme — 800,360 0 0 At 5 per cent, interest (due 1930) .. 804,460 0 0 , 78,178 17 5 Assets as per separate balance-sheet .. 81,702 13 2 At per cent, (due 1936) .. .. 195,550 0 0 7,159 16 4 Profit and Loss Account —Loss to date .. 10,682 18 9 N.Z. Consolidated Stock — : 92,385 11 11 At 4J per cent, (due 1945) .. .. 542,004 10 10 85,338 13 9 510,991 13 4 At 5 per cent, (due 1935-45).. .. 510,991 13 4 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 0 553,032 13 1 Assets as per separate balance-sheet .. 767,637 2 3 4,596,748 10 5 12,235 1 8 Investments, Sinking Fund .. .. 17,596 11 3 3,724,743 19 7 785,233 13 6 565,267 14 9 Arapuni — £ s. d. 176 0 0 Land and fencing .. 151 5 2 Waihi Gold-mining Company (Limited) — 26,218 9 9 Roads and bridges .. 27,029 16 0 Purchase of Horahora works —Deed of Electric lines and tele212,500 0 0 security at 5 per cent, interest .. .. 212,500 0 0 319 8 2 phone service | 5,631 1 7 Houses .. .. 5,'453 2 7 Offices and temporary 5,947 5 7 buildings .. .. 6,180 6 9 — ; 38,8.14 10 6 38,292 5 1 Consolidated Fund — —— Headworks — Interest accrued on loans to 31st March, - Engineering and pre41,483 1 5 1926 .. .. .. .. 45,978 3 0 17,352 19 1 liminary works .. 16,678 13 3 67 10 0 Sundry creditors for interest unclaimed .. 100 18 0 Electric supply for 46,079 1 0 433 11 6 works 41,550 11 5 • Dam and other head- + works under Arm-strong-Whitworth's 111,285 15 5 contract .. 322,072 7 7 Amount set aside as reserve to cover differ- 338,751 0 10 ence between interest payable on loans 129,072 6 0 raised and interest earned from their 50,000- volt lines — 30,848 18 8 temporary investment pending use .. .. 31,250 0 5 4,836 17 8 Horahora- Arapuni .. 5,891 12 3 Arapuni-Ngongotaha 223 4 11 Penrose-Takapuna.. 1,594 6 0 486 4 7 Katikati-Waikino 11 8 0 Pokeno-Waihou Waikino-Bombay .. 1,268 2 4 2,862 8 4 11,449 7 5 4,009,643 9 8 Carried forward.. .. .. .. 4,886,577 11 10 1,925,681 7 0 Carried forward.. .. .. 380,427 19 8 2,342,550 6 1