B.—l [PT. IV, SUP.].

ELECTRIC SUPPLY ACCOUNT— continued. LAKE COLERIDGE HYDRO-ELECTRIC-POWER SUPPLY— continued. Balance sheet at 31st March, 1928— continued.

18

1926-27. Liabilities. 1927-28. 1926-27. Assets. > 1927-28. . . . - £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. ; £ s. d. 1,618, 073 12 0 Brought forward .. .. .. .. 1,681,024 17 11 1,163,419 16 10 Brought forward .. .. .. .. 1,171,787 2 9 Primary distribution — 7,258 16 6 Supply cables —Christchurch City .. 8,353 17 1 5,171 13 2 Christchurch Tramways .. 5,204 0 4 7,624 4 2 Lyttelton .. .. I 7,868 8 1 26,161 4 9 Northern .. .. 26,522 17 2 ; 14,016 14 0 Southern .. [ 13,406 3 4 4,064 7 7 Motukarara . . .. 4,064 7 7 10,101 12 6 Substations —Hororata .. .. 11,009 19 3 17,930 4 0 Ashburton.. .. .. 14,097 6 6 25,599 17 5 Timaru .. .. .. 26,256 10 7 2,623 8 9 Oamaru .. .. .. 7,544 8 1 622 9 9 Lightning-arresters .. .. .. 622 9 9 300 4 5 Tools and equipment .. .. .. 300 4 5 1,516 12 8 Alterations to public telegraph-lines .. 1,516 12 8 I 126,767 4 10 jj 122,991 9 8 j ] Secondary distribution — | 15,502 10 6 I Supply cables and reticulation .. .. 17,001 5 3 30,253 17 3 Local substations .. .. .. 30,824 1 2 47,825 6 5 45,756 7 9 6,000 11 5 Service transformers and meters .. .. ■ ■ 8,008 2 8 8,475 1 2 Motor-cars, lorries, and cycles, &c. .. .. •• 10,568 10 8 109 2 7 Test room equipment .. .. .. ■ • 92 12 7 15,147 17 9 Loose tools, plant, and equipment .. .. .. 17,814 10 6 1,729 3 9 Public telephones to the lake .. .. •• 1,729 3 9 Telephones to Christchurch City Council and 173 19 1 Tramway Board and local offices ■ • 173 19 1 255 1 0 Christchurch office —Furniture and fittings .. . . 255 1 0 Engineering, office, and general expenses on 53,637 12 2 preliminary surveys and during construction .. 57,419 12 10 Salaries of Engineers and others on preliminary 38,437 8 4 1 surveys and during construction .. .. •• 38,737 14 3 21,396 0 0 Cost of raising loans .. .. •• 18,469 0 0 61,039 0 4 Interest during construction .. 61,432 11 6 1,538,568 11 10 i 1,561,080 12 10 I 33,222 16 9 Stocks of material, &c., on hand at date .. 41,793 15 5 Telephone subscriptions, fire insurance, &c., | 88 18 7 paid in advance .. .. .. • • 167 7 2 ! Sundry debtors — 37,000 10 8 For current rent, work carried out, &e. .. j .. 41,098 8 6 1 Sinking Fund — 9,055 7 5 Investment and cash in hands of Treasury 36,264 9 2 20 13 3 Interest accrued .. .. .. 620 4 10 116 13 6 Interest due and unpaid .. .. 36,884 14 0 9,192 14 2 £1,618,073 12 0 £1,681,024 17 llj£1,618,073 12 0 £1,681,024 17 11 I hereby certify that the balance-sheet and accompanying accounts have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby. — G. F. C. Campbell, Controller and Auditor-General.