B.—l [Pt. IV].

Net Revenue Account.

PUBLIC WORKS DEPARTMENT— continued. IRRIGATION AND WATER-SUPPLY: CENTRAL OTAGO. Profit and Loss Account for the Year ended 31st March, 1931. Gross Revenue Account.

150

1 Ardgour. I Bengerburn. Earnscleugh. Hawkdun. Ida Valley. Galloway. Last Chance. Manuherikia. Tarras. Teviot. Total. 1 >r • £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. To Management and operation expenses— Salaries, 610 15 9 .. 443 18 1 3,137 14 7 2,339 17 1 1,146 12 3 893 12 5 2,283 12 11 1,950 17 11 1,290 7 7 14,097 8 7 wages, horse allowances, race repairs, &c. Administration charge .. .. .. 500 10 00 5 00 500 800 200 500 5 00 500 500 55 00 Gross profit, carried down .. .. .. 411 3 1 47 2 4 114 14 1 .. 1,526 8 11 113 18 9 151 1 3 .. .. 310 4 2 2,674 12 7 —. — —; 1,026 18 10 57 2 4 563 12 2 3,142 14 7 3,874 6 0 1,262 11 0 1,049 13 8 2,288 12 11 1,955 17 11 1,605 11 9 16,827 1 2 j Or. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. I £ s. d. £ s. d. By Sales of water* .. .. .. .. 982 14 9 55 14 0 516 0 7 1,109 9 4 3,767 16 6 1,027 14 1 998 8 11 1,177 14 0 1,705 14 6 1,478 17 0 12,820 3 8 Rebates forfeited .. .. .. 31 4 1 18 4 "47 11 7 17 7 2 37 11 6 218 12 9 49 14 9 478 9 1 97 9 11 125 4 9 1,104 13 11 Rents of cottages .. .. .. 13 0 0 .. .. 31 16 0 68 18 0 16 4 2 1 10 0 37 15 1 24 18 4 1 10 0 195 11 7 Gross loss, carried down .. .. .. .. .. .. 1,984 2 1 .. .. .. 594 14 9 127 15 2 .. 2,706 12 0 1,026 18 10 57 2 4 563 12 2 3,142 14 7 3,874 6 0 1,262 11 0 8 2,288 12 11 1,955 17 11 1,605 11 9 16,827 1 2

Ardgour. j Bengerburn. Earnscleugh. Hawkdun. 11 Last Cllance - Manuherikia. Tarras. Teviot. Total. Dr. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. To Gr<5ss. loss brought down .. .. .. .. .. 1,984 2 1 .. .. 594 14 9 127 15 2 .. 2.TOO 12 0 Interest at 4J per cent, on capital outlay 1,505 17 0 31 1 1 467 6 6 2,960 7 5 8,785 14 2 1,293 19 6 10,447 11 4 6,112 14 3 2,410 1 4 34,014 12 7 Interest at 4 per cent, on Depreciation Re- 3 11 10 .. 8 5 2 .. 33 7 5 10 4 0 12 4 10 7 12 7 84 16 8 160 2 6 serve Reserve for depreciation .. .. 44 0 0 .. 220 16 0 205 11 3 84 19 3 125 0 0 150 0 0 93 10 0 I 511 8 0 1,435 4 6 Net profit for year .. .. .. .. 16 1 3 .. .. .. .. .. .. .. 16 1 3 1,553 8 10 47 2 4 j 696 7 8 5,150 0 9 8,904 0 10 1,429 3 6 11,204 10 11 6,341 12 0 ' 3,006 6 0 38,332 12 10 Or. £ s. d. £ s. d. .£ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. By Gross profit brought down .. .. 411 3 1 47 2 4 114 14 1 .. 1,640 7 8 151 1 3 .. .. 310 4 2 2,674 12 7 Net loss for year .. .. .. 1,142 5 9 .. 581 13 7 5,150 0 9 7,263 13 2 ; 1,278 2 3 ; 11,204 10 11 6,341 12 0 2,696 1 10 35,658 0 3 1,553 8 10 47 2 4 696 7 8 5,150 0 9 8,904 0 10 1,429 3 6 j 11,204 10 11 6,341 12 0 j 3,006 6 0 38,332 12 10 * Each irrigation scheme, with the exception ot Hawkdun, does not end until 30th April, but the sales up to that date are brought in to the accounts for the financial year ending on the preceding 31st March.