D.—l

SOUTH ISLAND HYDRO-ELECTRIC-POWER SUPPLY— continued.

7

Depreciation Reserve Account. 1941-42. 1940-41. 1941-42. 1940-41. ToiReplacements, Renewals, &e. .. .. .. .. 38,111 4-5,650 By Balance from previous year's statement.. .. .. 813,288 755,026 a ance .. .. .. .. .. .. 831,583 813,288 Interest at 4 per cent, per annum .. .. .. 32,532 30,201 Amount set aside as per Net Revenue and Appropriation 24,574 73,711 Account £870,394 £858,938 £870,394 £858,938 Sinking Fund Account. I : — ; £ £ £ £ To Balance .. .. .. .. .. .. 714,464 543,856 By Balance at close of previous year .. .. .. 543,856 417,605 Interest .. .. .. .. .. .. 95 24 Amount set aside as per Net Revenue and Appropriation 170,513 126,227 Account £714,464 £543,856 £714,464 £543,856 Reserve Fund Account. To Capital loss .. .. .. .. .. .. . . 33 By Balance at close of previous year .. .. .. 86,766 £87,199 Balance £86,766 £86,766 £86/766 £87,199 £86,766 £87,199