B.—l [PT. IV].

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

20

Profit and Loss Appropriation Account. 1 1937-38. 1936-37. ! 1937-38. 1936-37. j : £ s. d. £ s. d. £ s. d. £ s. d. To Balance from Net Revenue Account .. .. .. .. j 108,105 15 9 By Balance from Net Revenue Account .. ,. .. 30,986 15 11 General Reserve Account (reversing debit balance, Southland 12,231 19: .. Arrears of rates recovered .. .. .. .. 1,147 4 11 section as at 31st March, 1937) ! Transfer from General Reserve Account .. .. 4,800 0 4 108,105 15 9 Balance to Sinking Fund Reserve Account .. .. 24,702 19 5 £36,934 1 2 £108,105 15 9 £36,934 1 2 £108,105 15 9 Depreciation Reserve Account. £ s. d. £ s. d. j £ s. d. £ s. d. To Replacements, Renewals, &c. .. .. .. .. 46,641 18 1 45,279 12 8 By Balance from previous year's statement .. .. .. j 467,665 9 6 388,546 3 4 Balance to General Balance-sheet .. .. .. 552,104 19 1 471,083 6 11 Interest at 4 per cent, per annum .. .. .. j 18,706 12 5 15,541 16 10 Amount set aside as per Net Revenue Account .. . . j 112,374 15 3 112,274 19 5 £598,746 17 2 £516,362 19 7 |£598,746 17 2 £516,362 19 7 =,======= ==0=== | General Reserve Account. £ s. d. ; £ s. d. £ s. d. £ s. d. To Transfer to Profit and Loss Appropriation Account under 4,800 0 4 108,105 15 9 By Balance at close of previous year .. 67,703 7 6 175,809 3 3 section 13 (2) (6) of the State Supply of Electrical Energy Adjustment for excess amount transferred to Profit and Loss 7,264 16 9 Act, 1917 Appropriation Account, 1936-37 Balance to General Balance-sheet .. .. .. 82,399 5 8 67,703 7 6 Profit and Loss Appropriation Account, (reversing debit 12,231 19 balance, Southland section as at 31st March, 1937) £87,199 6 0 £175,809 3 3 £87,199 6 0 £175,809 3 3 Sinking Fund Account. £ s. d. i £ s. d. £ s. d. £ s. d. To Balance to General Balance-sheet .. .. .. 295,817 7 4 ; 271,114 7 11 By Balance at close of previous year .. .. .. 271,114 7 11 • 270,570 9 7 Amount taken over from Southland Electric Power Board .. .. 522 4 0 Interest .. . . .. 21 14 4 Balance from Profit and Loss Appropriation Account .. 24,702 19 5 £295,817 7 4 £271.114 7 11 £295,817 7 4 £271.114 7 11