B. —1 [PT. IV, Sup.].

ELECTRIC SUPPLY ACCOUNT— continued. MANGAHAO ELECTRIC-POWER SUPPLY— continued. Profit and Loss Account for the Year ended 31st March, 1928, compared with Year ended 31st March, 1927— continued. Depreciation Reserve Account.

21

1926-27. | 1 1927-28. li 1928-27. 1927-28. £ s. d. I £ 8. d. £ s. d. £ s. d. 64,255 5 0 To Motor-vehicles .. .. .. .. .. j 308 19 11 j 30,056 0 0 By Balance at close of previous year .. .. .. 64,255 5 0 Balance .. .. .. .. .. .. j 101,817 2 7 ! 1,202 5 0 Interest at 4 per cent, per annum .. .. .. 2,570 4 2 32,997 0 0 Amount set aside as per Net Revenue Account.. .. 35,300 13 4 £64.255 5 0 ; 102,126 2 6 I £64,255 5 0 £102,126 2 6 Balance-sheet as at 31st March, 1928. 1926-27. Liabilities. 1927-28. 1926-27. Assets. 1927-28. ! ! £ s. d. £ s. d. £ s. d. £ s. d. Headworks — £ s. d. £ s. d. 64,255 5 0 Depreciation Reserve .. .. .. .. 101,817 2 7 9,993 18 11 Land, headworks, &c. .. .. 9,990 4 7 70,017 19 6 ! Roads, tram-lines, &c. .. .. 73,065 5 8 28,023 17 3 Sundry creditors .. .. .. .. 75,601 7 1 11,230 16 3: Local electric line .. .. .. 11,666 15 2 ' 379,512 16 6 Dams 1, 2, and 3 .. .. .. 476,658 16 0 Balance carried to General Balance-sheet — 150,058 1 4 Tunnels 1 and 2 .. .. .. 152,300 19 10 2,449,457 9 7 Total assets as per contra .. .. 2,706,192 6 1 108,469 13 2 j Pipe-line, &c. .. .. .. 108,788 11 3 92,279 2 3 Less total liabilities as above .. 177,418 9 8 14,882 5 2 j Surge-chamber .. .. 15,045 7 10 2,528,773 16 5 ! 847,516 0 4 2,357,178 7 4 744,165 10 10 Power-house — 63,347 4 6 j Buildings, &c. .. .. .. 63,864 4 4 204,496 12 2 Machinery, &c. .. .. ■■ 205,852 12 2 8,690 17 9 Tail-race .. .. .. .. 12,870 8 8 2,440 0 6 Village water-supply.. .. .. 18,619 11 0 301,200 16 2 278,974 14 11 Accommodation for staff —Buildings, fences, 15,936 6 0 &c. Transmission-lines (110, 000-volt) — 8,523 17 8 Lands, lines, and substations .. 142,423 17 5 Shannon— K handallah .. .. 147,122 1 2 96,724 16 1 Shannon-Wanganui .. .. .. 97,742 19 4 45,161 6 10 Bunnythorpe-Dannevirke .. .. 45,582 5 7 68,086 10 0 Woodville-Masterton .. .. 68,717 13 9 76,577 12 6 Dannevirke-Napier .. .. ■■ 76,235 4 0 — — 435,400 3 10 437,498 0 6 2,449,457 9 7 Carried forward .. .. .. 2,706,192 6 1 1,476.574 12 3 Carried forward .. .. .. 1,584,123 0 4 I ' ' ' 1 I