B.—l [Pt. IY].

ELECTRIC SUPPLY ACCOUNT— continued. NORTH ISLAND HYDRO-ELECTRIC-POWER SUPPLY— continued. Balance-sheet at 31st March, 1937.

159

! il ~ ~ I Liabilities. 1936-37. j 1935-36. . Assets. 1936-37. 1935-36. £ s. d. £ s. d. £ s. d. Headworks, power-house, machinery, &c. — £ s. d. £ s. d. £ s. d. Depreciation Reserve .. .. .. .. 949,888 3 11 961,757 2 9 Arapuni .. .. .. .. 2,402,081 7 0 2,188,149 16 4 Horahora .. .. .. .. 310,719 2 10 310,703 14 11 Mangahao .. .. .. .. 1,280,951 17 7 1,273,163 14 11 Sinking Fund — Waikaremoana .. .. .. 555,197 18 6 542,899 8 11 Utilized for redemption of loana.. .. .. 55,929 15 6 55,929 15 6 4,548,950 5 11 4,314,916 15 1 Auxiliary plants — Diesel Station, Penrose .. .. 62,190 14 11 61,801 16 11 Steam Station Grand Junction .. .. 8,991 11 6 9,099 17 4 Steam Station, Huntly.. .. .. 10,847 1 11 10,847 1 11 Sundry creditors — .. .. .. 82,029 8 4 Public Works Department .. .. 22,675 5 8 81,748 16 2 Other Government Departments .. 1,827 7 3 Non-departmental .. .. .. 60,929 8 3 Transmission-lines .. .. .. •• 1,588,877 17 10 1,518,092 11 8 85,432 1 2 70,008 6 9 Substations .. .. .. .. .. 978,772 12 1 924,081 1 1 Office buildings, land, railway siding, harbour .. 42,347 6 1 38,234 9 0 facilities, &c. Head Office Account .. .. .. .. 8,510,234 12 2 8,351,576 7 9 Temporary development, Waikaremoana .. .. 800 0 0 39,241 9 10 Salaries and expenses of engineers and others .. 490,189 4 5 479,987 19 1 on surveys and during construction Cost of raising loans .. .. .. .. 296,584 12 0 297,753 19 11 Interest during construction .. .. .. 947,644 13 6 940,943 7 4 8,976,196 0 2 8,635,000 9 2 1 Plant, motor-vehicles, &c. .. .. .. 50,396 16 4 43,325 18 11 Stocks .. .. .. .. .. 137,035 9 8 144,043 16 7 Sundry debtors — Public Works Department .. .. 2,939 14 0 Other Government Departments .. 8,116 13 7 Non-departmental .. .. .. 271,624 10 8 282,680 18 3 217,586 7 4 Accumulated loss to 31st March, 1936 .. 399,315 0 9 Profit, 1936-37 .. .. .. .. 244,139 12 5 155,175 8 4 399,315 0 9 £9,601,484 12 9 £9,439,271 12 9 £9,601,484 12 9 £9,439,271 12 9