29

B.—l [Pt. IV]

ELECTRIC SUPPLY ACCOUNT—continued. MANGAHAO ELECTRIC-POWER SUPPLY—continued. Balance-sheet as at 31st March, 1929—continued.

1927-28. ■ Liabilities. 1928-29. j 1927-28. Assets. 1928-29. £ s. d. i £ s. d. £ s. d. ! £ s. d. £ s. d. £ s. d. 2,706,192 6 1 : Brought forward .. .. .. 2,857,405 3 0 1,584,123 0 4 Brought forward .. .. .. 1,631,481 9 10 Transmission-lines (11,000-volt) — 3,004 10 11 Mangaore-Shannon .. .. .. 3,034 3 8 4,556 10 0 Khandallah-Petone .. .. .. 4,592 12 2 7,626 15 10 7,561 0 11 Substations — 78,126 6 9 Khandallah .. .. .. 89,941 5 2 1,973 12 11 Otaki .. .. .. .. 1,981 12 3 32,621 8 1 Bunnythorpe .. .. .. 32,922 0 10 21,312 18 7 Wanganui .. .. .. .. 21,385 8 5 19,368 13 7 Dannevirke .. .. .. 22,529 10 7 21,871 17 5 Waipukurau .. .. .. 22,373 7 9 34,409 11 10 Napier .. .. .. .. 38,919 2 6 12,394 15 4 Woodville .. .. .. .. 12,633 14 8 23,584 7 1 Maneamaire .. .. .. 26,505 8 10 12,636 10 10 Masterton .. .. .. .. 13,026 11 10 130 0 0 Marton .. .. .. .. 166 12 5 282,384 15 3 258,430 2 5 3,738 11 1 Motor-cars, lorries, &c... .. .. .. 5,779 15 9 963 19 10 Office furniture .. .. .. .. 922 12 3 14,472 18 1 Service buildings .. .. .. .. 14,531 7 2 Salaries and expenses, &c., of engineers and others on preliminary surveys and during 130,306 15 6 construction .. .. .. .. 131,996 18 7 56,303 18 7 Construction-tools, plant, and equipment, &c. .. 19,397 2 5 58,692 19 10 Housing workmen, &c... .. .. .. 57,624 0 5 236,993 9 8 Interest during construction .. .. .. 239,587 5 4 22,333 19 6 Cost of raising loans .. .. .. 25,380 19 6 2,373,920 15 9 2,416,713 2 4 Stocks on hand, 31st March, 1929 (including 39,088 16 11 10 per cent, to cover administration, &c.) 33,421 8 2 7,793 4 5 Stocks issued but not used .. .. 8,634 15 2 Stock Adjustment Account . . .. 113 9 0 — 42,169 12 4 46,882 1 4 29,640 9 9 Sundry debtors for current, rents, &e. .. .. 44,203 15 1 11 14 6 Telephone subscriptions, &c., paid in advance .. 10 0 255,737 4 9 Net loss .. .. .. .. .. 354,317 13 3 £2,706,192 6 1 £2,857,405 3 o | £2,706, 192 6 1 £2,857,405 3 0 I hereby certify that the Profit and Loss Account and Balance-sheet of the above-named electric-power scheme 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.