D.-l.

SOUTH ISLAND HYDRO-ELECTRIC-POWER SUPPLY. Profit and Loss Account for Year ended 31st March, 1942, compared with Year ended 31st March, 1941. Gross Revenue Account.

Net Revenue and Appropriation Account.

6

1941-42. 1940-41. I 1941-42. 1940-41. £ £ £ £ £!£ : £ To Generating-expenses (hydro-electric) — I By sales of electrical energy — Lake Coleridge .. .. .. .. 14,377 14,539 j Bulk for resale .. .. 456,201 443,535 I Lake Waitaki .. .. .. .. 10,597 8,561 Other than for resale — Kaimata .. .. .. .. 1,756 1,578 Traction .. .. 27,208 21,479 Monowai .. .. .. .. 7,186 6,370 ! Industrial .. .. 94,533 99,050 33,916 , Retail .. .. 108,792 101,965 31,048 \ 230,533 — 686,734 666,029 Generating-expenses (fuel) Dobson .. .. .. 6,997 8,422 \ j Purchase of power in bulk .. .. .. .. 170 298 Rents — Standby charges .. .. .. .. .. 225 225 Land and buildings .. .. 4,516 4,533 Lines and plant .. .. 766 386 41,308 39,993 5,282 Transmission System : Patrol and .maintenance .. 16,926 24,565 4,919 Substations: Operation and maintenance .. .. 24,856 22,230 Communication System: Patrol and maintenance .. 1,596 1,373 Miscellaneous revenue .. .. .. 8,140 7,865 Distribution: Maintenance .. .. .. .. 20,531 19,934 System operation, testing, &c. .. .. .. 12,924 11,782 Management and general expenses .. .. .. 65,249 53,412 Balance, to Net Revenue and Appropriation .. 516,766 505,524 • Account I j 1 ' £700,156 £678,813 £700,156 £678,813

| 1941-42. 1940-41, — 1941-42. 1940-41. _ — ' ' j £ £ £ ' £ £ To Interest (gross) for year ended 31st March, 1942.. 251,315 262,393 By Balance from Gross Revenue Acconnt .. .. 516,766 50-5,524 Less interest capitalized .. .. .. 9,814 8,323 241,501 —— 254,070 Depreciation on completed works .. .. .. 24,574 73,711 Sinking Fund .. .. .. .. .. 170,513 126,227 Reserve Fund Social Security charge, national security tax, .. 80,178 51,516 income-tax £516,766 £505,524 £516,766 £505,524