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WAIKAREMOANA ELECTRIC-POWER SUPPLY. Profit and Loss Account for Year ended 31st March, 1928, compared with Year ended 31st March, 1927. Gross Revenue Account.

1926-27. ; 1927-28. ! 1926-27. J 1927-28. £ s. d. To Generating-expenses, headworks, and power- £ s. d. £ s. d. £ s. d. By Sale of electricity — £ s. d. £ s. d. house (temporary development) — Wholesale consumers .. .. 2,100 0 0 Operating salaries and wages .. .. 253 13 9 Retail consumers .. .. .. 128 10 8 Operating supplies . . .. .. 7 13 2 2,228 10 8 Maintenance — Pipe-lines .. .. .. .. 78 0 7 Rents — Power-house building .. .. .. 115 2 Staff cottages .. .. .. .. 111119 Turbines and generators .. .. 2 9 11 Land .. .. .. .. 33 0 0 Transformers .. .. .. .. 200 2,404 2 2 Plant and land leased to Wairoa Power Switch-gear, meters, &c. .. .. 6 18 11 Board .. .. .. .. 2,700 0 0 Staff houses .. .. .. .. 4 15 6 j 2,844 11 9 357 7 0 Management and general — Salaries .. .. .. .. 15 0 0 Fire insurance ........ 10 8 6 i Printing and stationery .. .. .. 2 0 0 Postages and telephone subscriptions .. 8 0 0 Audit fees .. .. .. .. 5 0 0 15 0 0 Head Office expenses .. .. .. 15 0 0 55 8 6 2,389 2 2 Balance to Net Revenue Account .. .. .. 4,660 6 11 £2,404 2 2 £5,073 2 5 £2,404 2 2 £5,073 2 5 ; Net Revenue Account. 1926-27. 1927-28. 1926-27. 1927-28. I I ; i L , I ; ; £ s. d. £ s. d. £ s. d. £ s. d. To Depreciation at 2 per cent, per annum on completed works 2,389 2 2 By Balance from Gross Bevenue Accoimt .. .. .. 4,660 6 11 1,717 16 0 at 31st March, 1928.. .. .. .. .. 2,345 9 9 " Loss for year .. .. .. .. .. 3,706 9 7 5,038 12 0 Interest for year ended 31st March, 1928 .. .. 6,021 6 9 4,367 5 10 ! £6,756 8 0 £8,366 16 6 I! £6,756 8 0 £8,366 16 6