T).—l

TABLE No. 5—continued. NORTH ISLAND HYDRO-ELECTRIC-POWER SUPPLY—continued. Balance-sheet at 31st March, 1939.

16

Liabilities. 1938-39. 1937-38. Assets. 1938-39. 1937-38. . — j 77 * " ~ j . ~ £ s. d. £ s. d. £ s. d. \ Headworks, power-house, machinery, &c. — £ s. d. | £ s. d. £ s. d. Depreciation Reserve 1,042,932 14 2 1,016,184 7 5 Arapuni 2 510,228 7 11 2,487,03 1 4 2 Horahora .. .. .. ■■ 312,224 10 4 310,870 14 7 Mangahao .. .. .. .. 1,298,614 4 6 1,281,862 17 3 Sinking Fund Waikaremoana .. .. .. 644, 174 16 5 358, 143 8 0 Utilized for redemption of loans. . .. 210,868 3 3 55,929 15 6 4,765,241 19 2 - — Available for further redemptions .. : 530,169 13 9 154,938 7 9 4,637,930 4 0 | 741,037 17 0 Auxiliary plants —• 210,868 3 3 Diesel Station, Penrose .. 62,189 7 8 62,189 7 8 1 Steam Station Grand Junction .. .. 8,862 4 0 8,959 2 4 Steam Station, Huntlv.. .. 10,847 1 11 10,847 1 11 Sundry creditors- 81 > 898 13 7 gJ f , Q . ~ ~ Public Works Department . . . . 26,231 12 4 19,138 15 0 81,995 11 11 Other Government Departments 2,056 19 1 1,394 15 9 I , n <a nr>a ■ . i „„, T~ Non-departmental .. .. ■ ! 72,344 5 9 65, 06 0 6 Transmission-lines .. .. .. •• l,/46,006 ±4 1 1,589,664 7 2 iNon part Substations •• 1,155,149 1 2 1,077,808 18 2 8 ,139 11 3 Office buildings, land, railway siding, harbour .. 64,256 18 8 61,461 10 4 1 100,632 17 2 facilities, &c. Writings-off in suspense .. .. .. .. 12 6 143 13 11 Temporary development, Waikaremoana .. .. _ 800 0 0 800 0 0 Charges paid in advance .. .. .. 8 16 5 2 1 6 Lower development, Waikaremoana .. .. 125,836 6 3 17,431 17 5 Head Office Account .. .. •• 8,395,725 16 2 8,373,855 15 2 Exploration and preliminary surveys .. 5,258 17 6 .. Salaries and expenses of engineers and others .. 505,689 13 0 49 3,2.0 6 7 on surveys and during construction Cost of raising loans .. .. .. .. 296,454 5 4 296,454 5 4 Interest during construction .. .. 963,962 2 3 956,627 1 4 9,710,554 11 0 9,216,414 2 3 Plant, motor-vehicles, &c. .. .. .. 70,801 0 3 57,728 16 8 Stocks .. .. .. .. 229,041 14 0 165,223 4 5 '' Sundry debtors — Public Works Department .. .. 5,431 15 5 5,871 18 7 Other Government Departments . . 6,233 17 9 6,903 4 5 Non-departmental .. .. .. 258,196 0 3 23 1,977 15 10 269,861 13 5 247,752 18 10 Payments in advance .. .. .. .. 79 14 9 74 10 4 £10,280,338 13 5 £9, 87,193 12 6 Contingent Liability. ■ £10,280,338 13 o £9,687,193 12 6 \ Arrears due to Sinking Fund .. £304, 208 14 5 | = I