B.—l [PT. IV].

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

16

Liabilities. 1938-39. 1937-38. Assets. 1938-39. 1937-38. £ s d. £ s. d. £ s. d. Depreciation Reserve .. .. .. .. 637,799 5 1 552,104 19 1 Head works, power-house, machinery, &c. — £ s. d. £ s. d. £ a. d. Lake Coleridge .. . . .. 807,799 17 8 793,272 14 0 Reserve Fund — Waitaki .. .. .. .. 1,782,888 3 10 1,768,828 16 10 Balance at close of previous year .. 82,399 5 8 74,968 4 3 Kaimata .. .. .. 117,376 3 8 107,022 0 5 Adjustment .. .. .. 4,800 0 4 7,431 1 5 Southland .. .. .. .. 200,017 10 0 200,578 18 6 87,199 6 0 2,908,081 15 2 82,399 5 8 2,869,702 9 9 Auxiliary plants — Dobson Diesel Station .. .. 125,548 2 4 106,322 2 3 Sinking Fund — Lyttellon Diesel Station .. .. 2,805 7 7 2,805 7 7 Amount utilized for redemption of loans 285,496 5 1 259,434 12 10 128 353 9 11 - Available for further redemptions .. 65,344 4 11 36,382 14 6 ' ing 197 9 in 350,840 10 0 ' 295,817 7 4 Transmission and distribution .. .. .. 1,774,956 3 6 1,633,709 7 9 Substations .. .. .. .. .. 622,431 15 10 525,7 1 2 3 Sundry creditors Offices and stores, buildings, &c. .. 19,187 8 9 ij" 983 12 3 Public Works Department .. .. 12,422 1 3 10,717 2 9 Trunk Telephone System .. .. 59,436 15 5 43 780 15 10 Other Government Departments .. 3,576 5 6 2,100 18 2 Exploration and preliminary surveys .. 64 5 3 7 19 6 Non-departmental .. .. .. 20,104 3 11 28,078 3 2 Salaries and expenses during construction 125,421 15 3 116,562 0 10 36,102 10 8 Interest during construction .. .. 482,498 1 11 469,157 16 8 40,896 4 1 Charges and expenses of raising loans .. 533,616 9 0 533,802 5 10 1,220,224 15 7 . , „„ „ „ 1,181,294 10 11 Charges paid m advance .. .. 723 9 0 1,662 12 4 6,654,048 0 0 6,319,615 0 6 Writings-off m suspense .. .. 1,021 2 7 742 8 9 Plant, tools, &c. .. .. .. 126,411 10 6 115,028 6 9 Stocks of material .. .. .. .. 115 592 0 10 100 494 19 2 Head Office Account .. .. .. .. 5,910,171 10 9 5,673,245 18 1 Sundry debtorsPublic Works Department .. .. 4,859 2 6 2,111 6 1 Other Government Departments .. 1,910 8 1 2,467 5 11 Non-departmental .. .. .. 110,714 7 5 95,451 2 2 117,483 18 0 100,029 14 2 Payments in advance .. .. .. .. 1 2 6 20 19 8 Sinking Fund investments .. .. .. 10,321 2 3 11,679 15 1 „ ,. , ..... £7,023,857 14 1 £6,646.868 15 4 £7,023,857 14 1 6,646,868 15 4 Contingent Liability. , Arrears due to Sinking Fund .. .. £253,867 14 10