D.—l

Table I. —Summary of Financial and Operating Statistics for North Island and South Island Electric-power Systems for the Year ending 31st March, 1938.

(Continued on next page.)

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Note.—" North Island system " includes Arapuni-Horahora-Mangahao-Waikaremoana all interconnected. " South Island system " includes Lake Coleridge and Waitaki interconnected, together with Monowai (Southland) and Arnold River (Westland) not yet interconnected with Coleridge-Waitaki system. 1937-38 jj 1937-38 j (Fourth Year). J (Fourth Year). (a) Financial. (1) Capital outlay— i £ i (4) Capital charges—continued. £ Assets in operation— Depreciation— North Island system .. .. 9,095,787 North Island system .. .. 50,725 South Island system .. .. 5,982,107 South Island system .. .. 112,375 Total assets in operation .. 15,077,894 Half capital charges, King's Wharf j Station .. .. .. .. 37,593 Assets not in operation— ! North Island system .. .. 120,627 I Total capital charges for year .. 774,135 South Island system .. .. 337,508 —— Total assets not in operation .. 458,135 (5) Total costs for year .. .. .. 1,078,321 Total capital outlay .. .. 15,536,029 (6) Net profit or loss for year— North Island system.. .. .. Cr. 360,662 South Island system.. .. .. Cr. 30,987 (2) Revenue for year— ' North Island system.. .. .. 978,492 Total profit for year .. .. 391,649 South Island system.. .. .. 491,429* Total revenue for year .. 1,469,921 (7) Accumulated Depreciation Reserve — North Island system.. .. .. 1,016,184 South Island system.. .. .. i 552,105 (3) Costs — Total Depreciation Reserve .. j 1,568,289 Working-costs— ! North Island system .. .. 177,544 South Island system .. .. I26,642f (8) Accumulated Sinking Fund Reserve — North Island system.. .. .. 210,868 Total working-costs for year .. 304,186 South Island system.. .. .. 295,817 Total Sinking Fund Reserve .. j 506,685 (4) Capital charges— Arrears in Sinking Fund payments not Interest — yet appropriated .. .. .. 942,757 North Island system .. .. 349,816 South Island system .. .. 220,112 Cost of raising loans, &c.— (9) General Reserve — North Island system .. .. 2,151 North Island system.. .. .. Nil. South Island system .. .. 1,363 South Island system.. .. .. 82,399 * Excludes £122 miscellaneous revenue from Southland, shown in Table XI. t Includes £579 miscellaneous payments in connection with Southland, but does not include £73 commission paid for collecting rates, which amount is shown in Table XI.