B.—l [PT. TV]

ELECTRIC SUPPLY ACCOUNT—continued. NORTH ISLAND HYDRO-ELECTRIC-POWER SUPPLY—continued.

3—B. 1 [PT. IV].

17

Profit and Loss Appropriation Account fob Yeab ended 31st Mabch, 1938, compabed with Year ended 31st March, 1937. , 1937-38. 1936-37. — — j 1937-38. 1936-37. J i II - ' ' ■ £ s. d. £ s. d. £ s. d. £ s. d. To Balance from previous year .. . - • ■ 155,175 8 4 399,315 0 9 By Balance from Net Revenue Account .. .. 360,662 7 2 244,139 12 5 Adjustment of Sundry Debtors overstated 1936-37 .. 50,548 11 1 .. Balance to General Balance-sheet .. •• •• loo, 175 o 4 Balance to Sinking Fund Account.. .. .. 154,938 7 9-. £360,662 7 2 £399,315 0 9 £360,662 7 2 £399,315 0 9 Depreciation Reserve Account. £ s. d. £ s. d. £ s. d. £ s. d. To Replacements renewals. &c • .. 21,443 4 6 60,802 19 1 By Balance at close of previous year .. .. .. 949,888 3 11 961,757 2 9 Balance to General Balance-sheet .. .. .. 1,016,184 7 5 949,888 3 11 Interest at 4 per cent, per annum .. .. .. 'tj/'l* ' w'fJl it I Amount set aside as per Net Revenue Account .. o0,7z5 b 11 it/, 4o 6 7 I £1,037,627 11 11 £1,010,691 3 0 £1,037,627 11 11 £1,010,691 3 0 i K'-!-' ~ = „ j— — Sinking Fund Account. £ s. d. £ «. d. £ s. d. £ s. d. To Balance to General Balance-sheet .. .. 210,868 3 3 55,929 15 6 By Balance at close of previous year .. .. .. 55,929 15 6 55,929 15 6 Balance from Profit and Loss Appropriation Account.. 154,938 7 9 £210,868 3 3~| £55,929 15 6 £210,868 3 3 ; £55,929 15 6