B.—l [Pt. IV].

ELECTRIC SUPPLY ACCOUNT. STATEMENT OF ACCOUNTS AT THE 31st MARCH, 1931. General Balance-sheet at 31st March, 1931, compared with Position at 31st March, 1930.

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1929-30. Liabilities. 1930-31. 1929-30. Assets. 1930-31 ; \\ £ s. d. Aid to Water-power Works and Electric £ s. d. £ s. d. £ s. d. Lake Coleridge scheme — £ s. d. £ s. d. Supply Accounts — 1,692,794 3 8 Assets as per separate balance-sheet .. 1,784,315 4 11 Debentures Stock issued — I 120,774 1 5 Investments, Sinking Fund .. .. 41,195 12 5 2,651,413 18 0 At 4J per cent, interest .. .. 2,651,413 18 0 1825 510 17 4 3,504,782 19 6 At 5 per cent, interest .. .. 3,937,539 6 10 1,813,568 5 1 739,480 0 0 At 5J per cent, interest .. .. 739,480 0 0 398,000 0 0 At 5 J per cent, interest .. .. 608,000 0 0 Horahora-Arapuni scheme— 1,884,642 6 3 At 6 per cent, interest .. .. 1,884,642 6 3 3,758,405 19 9 Assets as per separate balance-sheet .. 4,027,610 12 7 9,821,075 11 1 54,445 6 5 Investments, Sinking Fund .. .. 7,072 2 7 9,178,319 3 9 2,617 15 9 Profit and Loss Account— Loss to date .. 38,312 8 8 4,072,995 3 10 3,815,469 1 11 Mangahao—Waikaremoana scheme — 3,553,715 16 6 Assets as per separate balance-sheet .. 3,640,166 0 3 Waihi Gold-mining Company, Limited — 430,774 11 3 Profit and Loss Account —Loss to date .. 467,289 13 4 212,500 0 0 Purchase of Horahora works —Deed of .. 212,500 0 0 ! 4,107,455 13 7 security at 5 per cent, interest. (Due 3,984,490 7 9 1/11/1931) Waitaki River scheme — 78,451 9 7 Headworks .. .. .. .. 236,599 4 10 100,549 9 1 Power-house, machinery, &c. .. .. 303,619 5 9 48,015 15 8 Accommodation of workmen .. .. 66,655 14 0 Consolidated Fund — 148,861 11 5 Transmission line, service line, roads, land, 336,959 11 9 94,230 2 5 Interest accrued on loans to 31st March, j 102,581 17 5 &c. 1931 65,003 7 6 Interest and loan charges .. .. 120,651 6 4 179 8 9 Sundry creditors for interest unclaimed .. 182 9 8 40,542 5 3 Stocks .. .. .. .. 63,389 0 3 102.764 7 1 268 15 11 Sundry debtors .. .. .. 1,562 8 10 94,409 11 2 1,129,436 11 9 481,692 14 5 Other schemes, surveys, &c. — Electric Supply Sinking Fund Account — 4,256 14 0 North Island .. .. .. 4,269 7 0 Amount due under section 23, Finance Act, .. 5,094 6 6 10,835 2 2 South Island 11 364 4 3 1928 15,091 16 2 15,633 11 3 £ s. d. 160 0 0 Material on hand .. 140 0 0 7 10 0 Sundry debtors 31,704 12 10 Amount set aside as reserve to cover differ- .. 30,995 4 4 j 140 0 0 enee between interest payable on loans 167 10 0 15,773 11 3 raised and interest earned from their i temporary investment pending use 15,259 6 2 9,516,933 7 9 Carried forward .. .. .. 10,172,429 9 0 \ 10,110,479 15 4 Carried forward .. .. .. 11,151,17117 9