B.—l [FT. IV].

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

12

Profit and Loss Appropriation Account for Tear ended 31st March, 1939, compared with Year ended 31st March, 1938. 1938-39. 1937-38. 1938-39. 1937-38. £ s. d. £ s. d. £ s. d. £ s. d. j To Balance from previous year . . .. .. .. 155,175 8 4 By Balance from Net Revenue Account .. .. 530,169 13 9 360,662 7 2 Adjustment of error 1936-37 .. .. .. .. 50,548 11 1 Sinking Fund Account .. .. .. .. 530,169 13 9 154,938 7 9 £530,169 13 9 £360,662 7 2 £530,169 13 9 £360,662 7 2 \ Depreciation Reserve Account. £ s. d. £ s. d. £ s. d. £ s. d. To Replacements, renewals, &c. .. .. . .. 21,127 2 3 21,443 4 6 By Balance at close of previous year .. .. .. 1,016,184 7 5 949,888 3 11 Balance to General Balance-sheet .. .. .. 1,042,932 14 2 1,016,184 7 5 Interest at 4 per cent, per annum . .. .. .. 40,647 7 5 37,014 1 1 Amount set aside as per Net Revenue Account .. 7,228 1 7 50,725 6 11 £1,064,059 16 5 £1,037,627 11 11 £1,064,059 16 5 £1,037,627 11 11 Sinking Fund Account. £ s. d. £ s. d. £ s. d. £ s. d. To Balance .. .. .. .. 741,037 17 0 210,868 3 3 By Balance at close of previous year .. .. .. 210,868 3 3 55,929 15 6 Profit and Loss Appropriation Account .. .. 530,169 13 9 154,938 7 9 £741,037 17 0 £210,868 3 3 £741,037 17 0 £210,868 3 3