D.-l
TABLE No. 5— continued. ELECTRIC SUPPLY ACCOUNT.— STATEMENT OF ACCOUNTS AT THE 31st MARCH, 1937—continued. General Balance-sheet at 31st March, 1937, as compared with Position at 31st March, 1936— continued.
Notes.—(a) No charge for cost of exchange on interest payments made in London is included. (b) Owing to the interconnection of the various schemes in the North Island and the interconnection next year of the various schemes in the South Island, it has not been found practicable to show separately the accounts of these schemes-as required by the State Supply of Electrical Energy Act, 1917. H. G. Priestley, A.R.A.N.Z., Acting Chief Accountant, Public Works Department. I hereby certify that the General Balance-sheet has been duly compared with the relative books and documents submitted for audit, and correctly states the position as disclosed thereby, subject to the departmental notes enfaced thereon and to the following comments : (1) In the case of the South Island Hydro-electric Power Supply Scheme, Lake Coleridge-Waitaki-Westland Section, the items " Plant, tools, &c.," and " Stocks of materials " are stated at the ledger figures and are not in agreement with those of the stock-sheets ; (2) new agreements entered into with the Manawatu-Oroua Electric-power Board and the Wellington City Council in August and September, 1937, respectively, and operating retrospectively, have resulted in the overstatement of the asset " Sundry debtors " by £50,488 lis. Id. and the profit for the year by £31,040 4s. 3d. in the accounts of the Mangahao-Waikaremoana Section of the North Island Hydro-electric Power Supply Scheme.— J. H. Fowler, Controller and Auditor-General.
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Liabilities. 1936-37. 1935-36. Assets. 1936-37. 1935-36. • j £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Brought forward .. .. .. 14,114,983 14 11 12,313,542 18 6 Brought forward .. .. .. 16,077,371 14 10 \14,037, 763 12 6 Sundry Creditors — Balance in Electric Supply Account at the North Island scheme .. .. 85,432 1 2 70,008 6 9 end of year — South Island scheme .. .. 15,786 14 2 20,027 8 9 Cash in Public Account .. .. 140,630 12 7 39,501 13 2 Surveys and general .. .. •• 13 16 2 195 13 11 Imprests outstanding.. .. .. 3,003 0 7 3,101 17 4 101,232 11 6 143,633 13 2 90,231 9 5 42,603 10 6 Charges paid in advance — South Island scheme .. .. .. 1,756 0 2 13 15 0 Suspense Account .. .. .. .. _ 2,008 1 1 ; Depreciation ReserveNorth Island scheme .. .. 949,888 3 11 961,757 2 9 Investment Account (amount invested until .. .. 175,000 0 0 South Island scheme .. .. 471,083 6 11 388,546 3 4 actually required) j 1,420,971 10 10 1,350,303 6 1 Sinking Fund Reserve — Amount utilized for redemption of loans 313,614 7 4 308,945 0 0 Available for further redemptions .. 13,429 16 1 17,555 5 1 327,044 3 5 326,500 5 1 Writings-off in Suspense — South Island scheme .. .. .. 9 18 7 45 1 0 Reserve Fund — South Island scheme .. .. .. 257,015 9 8 175,809 3 3 Sundry debtors for interest due but unpaid .. .. 1,078 15 4 Total .. .. .. .. £16,223,013 9 1 £14,256,445 18 4 Total .. .. .. £16.223,013 9 1 £14,256,445 18 4
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