D.—l.

WAIKAREMOANA ELECTRIC-POWER SUPPLY— continued. Profit and Loss Appropriation Account.

31

£ s. d. £ s. d. ' £ s. d. ! £ s. d. 10,682 18 9 To Balance from previous year .. .. .. .. 15,050 4 7 j 15,050 4 7 j By Balance .. .. .. .. .. .. 18,756 14 2 4,367 5 10 Balance from Net Revenue Account .. .. .. 3,706 9 7 j ! '£15,050 4 7 | £18,756 14 2 j £15,050 4 7 | £18,756 14 2 Depreciation Reserve Account. . _ j : - | 1926-27. 1927-28. 1926-27. 1927-28. I I I ' £ s. d. £ s. d. £ s. d. £ s. d. 6,326 1 0 To Balance .. .. .. .. .. .. 8,924 11 7 4.431 0 0 By Balance at close of previous year .. .. .. 6.326 1 0 177 5 0 Interest on £6,326 Is. .. .. .. .. .. 253 0 10 1,717 16 0 Amount reserved for year .. .. .. .. 2.345 9 9 £6,326 1 0 £8,924 11 7 £6,326 1 0 £8,924 11 7 Balance-sheet at 31st March. 1928. 1926-27. Liabilities. 1927-28. 1926-27. Assets. 1927-28. I £ s. d. £ s . d. £ s. d. Temporary development — £ s. d. £ s. d. 6,326 1 0 Dejireciation reserve .. .. .. .. .. 8.924 11 7 , 34 ]7 11 Supervision .. .. .. .. 34 17 11 14,686 3 5 Sundry creditors .. .. .. .. 51,307 2 1*1 972 7 7 Headworks .. .. .. .. 741 1 6 185,702 15 9 Balance carried to general balance-sheet .. .. .. 610,979 5 9 j 25.855 11 3 Pipe-lines .. .. .. .. 25,962 10 10 26,119 0 5 Power-house and machinery .. •• 26,348 12 9 3,747 1 9 Turbines and generators •• -■ 3,625 14 2 889 13 8 Transformers and lightning-arrestors .. 901 15 7 75 15 6 Switch-gear .. .. .. .. 79 15 4 442 11 4 Workshop and equipment .. ■■ 442 11 4 1 ; 1 58,136 19 5 206,715 0 2 Carried forward .. .. .. .. .. 671,210 19 5 58,136 19 5 ; Carried forward .. .. .. ... 58,136 19 5 * Excludes miscellaneous suspense charges, £702 10s. 5d.