ELECTRIC SUPPLY ACCOUNT— continued. General Balance-sheet at 31st March, 1926, compared with Position at 31st March, 1925—continued.

WAIKAREMOANA ELECTRIC-POWER SUPPLY. Profit and Loss Account for the Year ended 31st March, 1926.

B.—l [PT. IY].

J. J. Gibsou, Accountant, Public Works Department. I hereby certify that the General Balance-sheet has been duly examined and compared with the relative books and documents submitted for audit, and correctly states the position as disclosed thereby, subject to the reservations included in the certificates of the Balance-sheets of the separate schemes required in terms of section 6, State Supply of Electrical Energy Act, 1917, and the accounts do not'include a charge for any portion of the Government subsidy paid to the Superannuation Fund.— G. F. C. Campbell, Controller and Auditor-General.

37

1924-25. Liabilities. 1923-26. 1924-25. Assets. 1925-26. - . ■ .-I, l, . Si. . Xi,- 4, ■ ■•.■■■ , ■■ ■■ . . ■ .. 'I \ . , 1 . . . . . £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. 4,244,673 7 2 Brought forward .. .. .. 5,273,845 0 4 4,087,113 19 10 Brought forward .. .. .. 5,182,607 15 1 Investment Account (funds invested until 152,800 0 0 actually required for use) .. .. .. 90,000 0 0 1,239,913 19 10 Interest accrued on investments to 31st 4,490 2 1 March, 1926.. .. .. .. 1,196 7 5 269 5 3 j Sundrv debtors for interest due but unpaid 40 17 10 ' — 1,237 5 3 4,759 7 4 £4,244,673 7 2 Total .. .. .. .. .. £5,273,845 0 4 4,244,673 7 2 Total .. .. .. .. .. £5,273,845 0 4

1924-25. j 1925-26. 1924-25. 1925-26. £ s. d. £ s. d. £ s. d. £ s. d. 4,261 1 0 To Interest on capital .. .. .. ■■ .. 4,388 4 0 2,440 5 8 By Rental of plant and land leased to Wairoa Power Board .. 2,425 13 7 Departmental expenses .. .. .. .. 13 0 0 3,295 12 4 Loss for year.. .. .. .. .. .. 3,523 2 5 Depreciation on plant (2 per cent, on value of assets in 1,418 10 0 operation at close of year) .. .. .. .. 1,432 6 0 56 7 0 Interest on Depreciation Reserve (4 per cent, on £2,883 8s.) .. 115 6 0 £5,735 18 0 £5,948 16 0 £5,735 18 0 £5,948 16 0 3,295 12 4 Loss for year, as above .. .. .. .. .. 3,523 2 5 7,159 16 4 Accumulated loss to date carried to balance-sheet.. .. 10.682 IS 9 3,864 4 0 Loss carried forward at 1st April, 1925 .. .. .. 7,159 16 4 £7,159 16 4 £10,682 18 9 £7,159 16 4 £10,682 13 9