8.--1 fpT. IV]

PUBLIC WORKS DEPARTMENT—continued. IRRIGATION AND WATER-SUPPLY (PUBLIC WORKS FUND): SCHEMES UNDER CONSTRUCTION. Income and Expenditure on Capital Account for the Year ended 31st March, 1926. Expenditure. Income. To Net expenditure on construction and upkeep By Balance transferred to Irrigation Construction of dams, weirs, water-races, &c., in course Account, being excess of expenditure over £ s. d. of construction, Otago Central schemes— £ s. d. income for year .. .. .. 58,260 3 4 Ardgour .. .. .. .. 254 15 2 Arrow Flat .. .. .. .. 5,123 12 7 Bengerburn .. .. .. .. 36 II 2 Earnscleugh .. .. .. .. 4,952 4 7 Hawkdun .. .. . . .. 594 6 2 Last Chance .. .. .. .. 2,963 10 5 Manuherikia .. .. .. 12,467 15 9 Manuherikia Upper .. .. .. 918 13 8 Miller's Flat .. .. .. .. 31 2 7 Tarras .. .. .. .. 25,693 11 5 Teviot .. .. .. .. 3,919 12 0 Soil survey .. .. .. .. 345 12 5 Surveys and general .. .. .. 964 15 5 £58,266 3 4 £58,266 3 4 Note. —A charge of £1,853 for proportion of " Departmental " administration expenditure has been included for which the Department possesses no parliamentary appropriation under the Irrigation vote. IRRIGATION AND WATER-SUPPLY, SCHEMES IN OPERATIION: IDA VALLEY AND GALLOWAY SCHEMES. Profit and Loss Account for the Year ended 31st March, 1926. Dr. Gr. To Management and operation— By Sales of water — £ s. d. £ s. d. Ida Valley Section— Ida Valley Section .. .. 5,668 1 0 Salaries, wages, horse allow- £ s. d. ance, and other costs of main- £ s. d. £ s. d. Less rebates 896 12 0 tenance .. .. 2,048 17 7 Written off 50 0 0 Galloway Section — 946 12 0 Salaries, wages, horse allow- 4,721 9 0 ance, and other costs of main- Galloway Section .. .. 866 14 5 tenance .. .. .. 456 0 5 Less rebates .. .. 72 13 8 Office rent .. .. 10 0 0 794 0 9 2,514 18 0 Gross proiit on working .. .. 3,000 11 9 £5,515 9 9 £5,515 9 9 To Interest on capital outlay (4£ per cent, per annum £ s. d. £ s. d. on £185,813 2s. 2d.) .. .. .. 8,361 11 10 By Gross profit brought down .. .. .. 3,000 11 9 Interest at 4 per cent, on Depreciation Reserve.. 12 10 3 Net loss for year, transferred to Accumulated Depreciation Reserve Account 1-05235 per cent. Profit and Loss Account .. .. .. 5,455 5 8 on £7,770) .. .. .. .. 81 15 4 £8,455 17 5 £8,455 17 5 IRRIGATION AND WATER-SUPPLY : IDA VALLEY AND GALLOWAY SCHEMES. General Balance-sheet as at 31st March, 1926. Liabilities. Assets. Public Works Fund — £ s. d. Dams, weirs, water-races, &c.— £ s. d. £ s. d. Capital expenditure to 31st March, 1926 .. 192,260 9 7 Ida Valley scheme Consolidated Fund—Excess of maintenance and Proportion of Manorburn interest charges over receipts .. .. 34,306 8 9 dam and headraces .. 52,389 16 9 Depreciation Reserve Account .. .. 407 2 1 Main water-races .. .. 103,159 11 6 Sundry creditors— £ s. d. Distributary water-races .. 13,078 19 0 Ida Valley—Working-expenses .. 110 7 5 " — 168,628 7 3 Galloway— Galloway Section — Working-expenses .. .. 24 4 7 Proportion of Manorburn Conelruction .. .. 20 14 3 dam and headraces .. 11,070 6 9 155 6 3 Dip Creek diverting-weir .. 1,154 9 0 Main water-races .. .. 7.808 2 6 20,032 18 3 188,661 5 6 Staff accommodation .. .. .. 1,330 0 0 Telephone system .. .. .. .. 800 0 0 Stock of materials on hand .. .. .. 1,489 18 4 Interest during construction .. .. 14,233 9 7 Sundry debtors— Ida Valley— £ s. d. Working-expenses .. 2 16 11 Sale of water .. .. 4,475 1 6 4,477 18 5 Galloway— Working-expenses .. 0 12 5 Sale of water .. .. 1,155 16 2 1,156 8 7 Profit and loss —accumulated loss to date .. 14,980 6 3 £227,129 6 8 £227,129 6 8

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