B.—l [PT. IV],

ELECTRIC SUPPLY ACCOUNT— continued. NORTH ISLAND HYDRO-ELECTRIC-POWER SUPPLY. Profit and Loss Account for Year ended 31st March, 1935, compared with Year ended 31st March, 1934. Gross Revenue Account.

Net Revenue Account.

23

1933-34 1934-35. ! 1933-34. 1934-35. ; II ; £ s. d. To Generating-expenses, headworks, and power- £ s. d. £ s. d. £ s. d. By Sales of energy— £ s. d. £ s. d. house— 673,558 14 10 Wholesale .. .. .. 703,746 17 4 9,524 11 5 Arapuni 11,659 2 2 995 19 4 Retail 1,681 17 1 5,189 12 9 Horahora 5,193 9 4 705 . 428 14 5 8,600 4 7 Mangahao .. . • • • • • 10,827 12 6 674, 554 14 2 8.500 5 9 Waikaremoana .. .. .. 8,523 17 5 Rents 4,331 10 5 Standby stations 912 5 3 6,176 6 1 Cottages, &e 6,281 6 10 37,116 6 8 598 4 0 Lines, plant, &c. .. .. •• 679 19 8 36,146 4 11 6 ' 961 6 6 Transmission-lines — 6,774 10 1 20,362 15 6 Patrol, maintenance. &c. .. .. .. 27,895 4 4 Miscellaneous Substations 264 3 3 Tests and inspection . • ■ ■ • • is 14,865 19 8 Operation and maintenance .. .. •• 21,989 14 3 285 12 0 Penalties .. .. •• •• 1 0 Management and general — ■ • Interest 27,508 19 8 Salaries, office expenses, accident, sick, .. 33,926 0 8 and holiday pay, testing, &c. 98,883 19 9 120,927 5 11 582,995 1 9 Balance to Net Revenue Account .. .. 591,839 6 8 £681,879 1 6 £712,766 12 7 £681,879 1 6 £712,766 12 7 ~ ~ 1 —

1933-34. ' 1934-35. 1933-34. 1934-35. I _ I II . .. - - ■ - - - J—- £ s d £ s. d. £ s. d. £ 434,622 19 6 To Interest for year ended 31st March, 1935 .. .. 414,041 12 3 582,995 1 5 By Balance from Gross Revenue Account .. .. 591,839 6 8 78,716 16 11 Depreciation on completed works 150,538 10 5 .. Balance to Profit and Loss Appropriation Account .. 10,428 2, 8 38,112 10 5 King's Wharf Station, half capital costs thereon .. .. 37,687 6 8 31,542 14 11 Balance to Profit and Loss Appropriation Account .. •• £582,995 1 9 £602,267 9 4 £582,995 1 5 £602,267 9 4