B.—l [PT. IV, Sup.].

ELECTRIC SUPPLY ACCOUNT. STATEMENT OF ACCOUNTS AT THE 31st MARCH, 1928. General Balance-sheet at 31st March, 1928, compared with Position at 31st March, 1927.

12

i I • li I ' I 1926-27. 1 Liabilities. 1927-28. | 1926-27. j Assets. 1927-28. I : : . I ; l/'jlp j li I j £ s. d. Aid to Water-power Works and Electric j £ s. d. £ s. d. jj £ s. d. j Lake Coleridge scheme — £ s. d. £ s. d. Supply Accounts — 11,608,880 17 10 , Assets as per separate balance-sheet .. 1,644,140 3 11 Debentures issued— 9,192 14 2 Investments, Sinking Fund .. .. 36,884 14 0 274,000 0 0 At 4 per cent, interest .. .. 274,000 0 0 1,681,024 17 11 225,000 0 0 At 4£ per cent, interest .. .. 225,000 0 0 1,618,073 12 0 50,550 0 0 At 5 per cent, interest .. .. 53,550 0 0 Lake Waikaremoana scheme — 108,450 0 0 At 5J per cent, interest .. .. 103,900 0 0 : 191,664 15 7 Assets as per separate balance-sheet .. 652,454 5 3 N.Z. inscribed stock — 15,050 4 7 ! Profit and Loss Account —Loss to date .. 18,756 14 2 805,560 0 0 At 5 per cent, interest (due 1930) .. 806,560 0 0 671,210 19 5 At 5£ per cent. .. .. .. 160,000 0 0 206,715 0 2 293,550 0 0 At 5£ per cent, (due 1936) .. .. 294,100 0 0 N. Z. Consolidated Stock — Waikato River schemes — 542,004 10 10 At 4£ per cent, (due 1945) .. .. 542,004 10 10 Horahora — 1,652,640 11 2 At 5 per cent, (due 1935-46).. .. 2,577,652 19 6 ! 883,938 15 7 Assets as per separate balance-sheet .. 1,010,006 16 5 1,884,642 6 3 At 6 per cent, interest (due 1936-51) .. 1,884,642 6 3 30,067 1 9 Investments, Sinking Fund .. .. 40,115 8 11 Temporary transfer, section 40, Public — 1,050,122 5 4 Revenues Act, 1926 .. .. .. 100,000 0 0 914,005 17 4 7.021,409 16 7 5,836,397 8 3 Arapum —- 1,216, 032 5 4 Assets as per separate balance-sheet .. .. 1,997,795 13 10 Waihi Gold-mining Company (Limited) — Mangahao scheme — Purchase of Horahora works —Deed of 2,325,264 7 6 ! Assets as per separate balance-sheet .. 2,450,455 1 4 212,500 0 0 security at 5 per cent, interest .. .. 212,500 0 0 124,193 2 1 Profit and Loss Account —Loss to date .. 255,737 4 9 ! 2,706,192 6 1 2,449,457 9 7 Consolidated Fund — -j Interest accrued on loans to 31st March, Other schemes, surveys, &c. — 60,640 7 3 1926 .. .. .. .. 73,089 17 7 6,044 17 5; North Island .. .. .. 6,05116 0 324 11 3 Sundry creditors for interest unclaimed .. 137 13 4 11,965 10 11 j South Island .. .. .. 27,191 13 5 —— — — 73,227 10 11 4,622 19 10 I General surveys and investigations 60,964 18 6 — 22,633 8 2 33,243 9 5 Amount set aside as reserve to cover differ- j £ s. d. ence between interest payable on loans 374 9 7 j Material on hand .. 558 7 7 raised and interest earned from their [ 229 4 7 Sundry debtors .. .. 5 1110 30,261 11 2 temporary investment pending use .. .. I 31,531 18 8 j 563 19 5 23,237 2 4 33,807 8 10 6,140,123 17 11 Carried forward .. .. .. 7,338,669 6 2 6,427,521 6 9 Carried forward .. .. .. 8,140,153 11 5 j