B.—l [PT. IV]

SOUTH ISLAND HYDRO-ELECTRIC-POWER SUPPLY— continued Balance-sheet at 31st March, 1943, compared with Position at 31st March, 1942

li

1942-43. 1941-42. 1942-43. 1941-42. Liabilities £ £ £ Assets £ £ £ Depreciation Reserve .. .. .. ■■ 942,121 831,583 Hydro-electric plantsSinking Fund Lake Coleridge .. .. .. •. 858, 083 ,553 Utilized for redemption of loans .. .. 714,409 541,026 Lake Waitaki .. .. •• 1,9>6,35/ 1,975,788 Available for further redemptions .. 41,706 173,438 Kaimata .. .. .. 145,455 147,730 756,115 Monowai .. .. .. •• 207,374 205,617 714 464 3.187,269 I 3,197,688 Fuel-plants — — BeserveFund .. .. .. .. .. 86,766 86,766 Dobson .. .. .. •• ■■ 136,692 135,361 Transmission-lines system .. .. .. .. 1,014,967 1,010,578 Substations .. .. .. •• 849,572 780,328 Sundry creditors .. .. .. .. .. 99,190 74,833 Communication system .. .. .. ■■ 79,035 80_,0W Distribution system .. .. •• 893,647 885,115 Offices, stores, land, buildings, &c .. .. •• 21,983 21,684 Sundry credit balances .. .. .. .. 2,025 1,446 Cost of raising loans .. .. .. .. o40,495 540,495 Head Office Account .. .. .. .. 6,281,332 6,282,958 Interest during construction — On assets in operation .. .. ■■ 487,766 490,217 On assets not in operation .. 25,749 9,216 513,515 499,433 Works under construction .. .. .. .. 460,767 422,786 7.697.942 7,573,478 Plant, motor-vehicles, and tools .. .. .. 105,891 107,922 i Stocks of materials .. .. .. 189,619 158,758 ! Sundry debtors .. .. .. .. .. 174,006 148,968 Sinking Fund investments .. .. .. .. 91 2,924 £8,167,549 £7,992,050 £8,167,549 £7,992,050 Contingent Liability - — Arrears of appropriation to Sinking Fund .. £199,902 £138,030 i •••' tji " '9" ' ' " .