B.—l [PT. IV].

ELECTRIC SUPPLY ACCOUNT— continued. NORTH ISLAND HYDRO-ELECTRIC-POWER SUPPLY— continued. Profit and Loss Account For Year ended 31st March, 1937, compared with Year ended 31st March, 1936. Gross Revenue Account.

Net Revenue Account.

157

I 1936-37. I 1935-36. 1936-37. 1935-36. To Generating-expenses, headword, and £ s. d. £ s. d. £ s. d. By Sales of mcrgy- 87fi ji 5 13 *3 * 785,264 5 3 Arapuni 12,924 19 0 10,929 5 3 Retail .. .. .. 1,929 12 8 c Horahora 5,799 16 4 5,615 14 10 878,145 5 11 Mangahao 13,065 13 7 19,883 17 0 787,283 9 9 Waikaremoana .. .. 9,821 5 5 9,560 19 3 Standby stations .. .. 7,189 18 11 10,272 3 9 Rents ' 48,801 13 3 Cottages, &c 7,294 17 7 6,885 13 3 \ 56,262 0 1 Lines, plant, &e. .. 985 0 1 66/ 2 7 . . .. F 8,279 17 8 Transmission-lines — i | Patrol, maintenance, &c. .. .. •• 30,490 8 0 32,501 19 6 Substations — : , ■ ■ „ Operation and maintenance .. 23,869 7 0 19,204 15 0 Management and general — Miscellaneous Salaries, office expenses, accident, sick, .. 41,153 17 8 36,099 6 11 Tests and mspection .. .. •• • and holiday pay, testing, &c. Penalties 144,315 5 11 ; 144,068 1 6 Balance to Net Revenue Account .. .. 743,094 4 8 651,323 0 9 ; £887,409 10 7 £795,391 2 3 £887,409 10 7 £795,391 2 3

1936-37. 1935-36. 1936-37. 1935-36. £ s. d. £ s. d. £ s. d. £ s. d. To Interest for year ended 31st March, 1937 .. .. 391,241 5 10 408,050 14 2 By Balance from Gross Revenue Account .. .. 743,094 4 8 651,323 0 9 Depreciation on completed works .. .. .. 10,463 14 7 17,591 5 6 King's Wharf Station, half annual charges on capital 38,119 11 9 38,147 11 3 costs thereon Cost of raising loans and expenses .. .. .. 59,130 0 1 Balance to Profit and Loss Appropriation Account .. 244,139 12 5 187,533 9 10 £743,094 4 8 £651,323 0 9 £743,094 4 8 £651,323 0 9