B. —1 [PT. IV].

ELECTRIC SUPPLY ACCOUNT—continued. NORTH ISLAND HYDRO-ELECTRIC-POWER SUPPLY— continued. Balance-sheet at 31st March, 1939.

13

Liabilities. J 1938-39. J 1937-38. Assets. 1938-39. 1 1937-38. £ s. d. £ s. d. £ s. d. Headworks, power-house, machinery, &c. — j £ s. d. £ a. d. £ s. d. Depreciation Reserve .. .. .. 1,042,932 14 2 1,016,184 7 5 Arapuni .. .. .. .. 2,510,228 7 11 2,487,053 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 5 558,143 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 — Steam Station Grand Junction .. . . 8,862 4 0 8,959 2 4 Steam Station, Huntly.. .. .. 10,847 1 11 10,847 111 Sundry creditors — 81,898 13 7 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 Non-departmental .. .. 72,344 5 9 65, 06 0 6 Transmission-lines .. .. .. .. 1,746,006 14 1 1,589,664 7 2 — Substations .. .. .. .. .. 1,155,149 1 2 1,077,808 18 2 88,139 11 3 Office buildings, land, railway siding, harbour .. 64,256 18 8 61,461 10 4 100,632 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 0 496,240 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 3 231,977 15 10 —— — 269,861 13 5 — 247,752 18 10 Payments in advance .. .. .. .. 79 14 9 74 10 4 £10,280,338 13 5 £9,687,193 12 6 Contingent Liability. — — £10,280,338 13 5 £9,687,193 12 6 ' Arrears due to Sinking Fund ■ ■ £304, 208 14 5 j ■— —