B.—l [PT. IV].

The Audit Office having examined the balance-sheet and accounts, required by law to be audited, hereby certifies them to be correct.—■ G. F. C. Campbell, Controller and Auditor-General.

ELECTRIC SUPPLY ACCOUNT—continued. WAIKATO ELECTRIC-POWER SUPPLY.—HORAHORA SCHEME—continued. Balance-sheet at 31st March, 1929—continued.

37

1927-28. Liabilities. ■ 1928-29. 1927-28- Assets. 1928-29. | £ s. d. £ s. d. £ s. d. £ s. d. J £ s. d. 1,050,122 4 Brought forward .. .. .. 1,231,023 9 2 851,659 12 5 Brought forward .. .. .. 953,390 9 7 Hamilton Area — 3,997 14 6 Land at Ruakura .. .. .. 3,997146 8,127 7 1 Stores buildings, fittings, and railway-siding, 9,778 8 10 Ruakura 4,380 5 11 Sta% residences, Ruakura .. .. 4,397 8 2 3,678 16 6 Loose tools and equipment .. .. 4,163 6 11 4,101 18 0 Motor lorries, cars, and cycles .. .. 4,264 0 6 924 0 5 Office furniture, Hamilton .. .. 696 7 2 227 9 6 Office accommodation .. .. .. 227 9 6 11,683 19 5 Engineering office and general expenses on 12,853 14 8 surveys and on construction 22,619 14 5 Salaries of officers on survey and on con- I 37,712 8 6 struction 49,568 5 5 Interest during construction .. .. 66,013 11 5 11.528 0 0 Cost of raising loans .. .. .. ! 29,865 0 0 I 173,969 10 2 120,837 11 2 Arapuni Area — 675 10 9 Electric lines and distribution .. .. 675 15 6 ' : 973,172 14 4 1,128,035 15 3 8,710 9 6 General stocks of material on hand .. .. 14,310 0 3 Debtors — 28,011 14 11 For electricity and sales of materials .. 36,498 6 10 111 17 8 For payments in advance .. .. 15 8 7 — 36,513 15 5 28,123 12 7 Sinking Fund — 39,451 5 10 Investments and cash in hands of Treasury 51,406 18 5 664 3 1 Interest accrued .. .. .. 756 19 10 52,163 18 3 40,115 8 11 £1,050,122 5 4 £1,231,023 9 2 £1,050,122 5 4 £1,231,023 9 2 Note. —The sum of £524,621 4s. 6d., representing various assets which form part of the permanent works of the Arapuni scheme, but which are in the meantime operated in production of Horahora revenue, is included in the above figures. In connection therewith, maintenance (£38,357 6s. 5d.), interest (£25,815 03. 8d.), and depreciation (£9,812 8s. 5d.) are charged against the Horahora scheme.