POWER BOARD’S FINANCES

Taranaki Daily News, 16 April 1932, Page 10

POWER BOARD’S FINANCES

ACCOUNTS SHOW GOOD YEAR. APPROPRIATION of -profits. The annual accounts of the South ■Taranaki Power Board ea“e before last night’s meeting, a profit of £4OO. 10 lOd from sales of stock and wiring operations being disclosed, while the income and expenditure and net revenue accounts showed a profit of £6184 from all sources. ■ The following were the mam items or expenditure during the y e^r:— Purchase of electricity from the Public Woiks Department, £lO2O 0s Id; generation of electricity, £2279 8s 7d; maintenance oi lines, transformers, meters and plants, including the ‘cost of meter reading, £1693 6s sd; management and general, £3190 18s Id; testing, inspecting and canvassing, £3Bl Us 9d; discounts allowed, £2382 7s 2d; loan poll ex P ens ® s > £233 16s 6d; sundries, £207 6s 3d; m terest, sinking ' fund and depreciation, £l3 421 15s lOd; unauthorised expenditure, £3 13s 6d. These items made a total of £24,814 4s 2d. ' Revenue was derived from the following sources: Sales of current, £29,‘D&S 18s 6d; profit from trading account, £4OO 10s lOd; rents, £354 16s 6d; interest received and sundries, £283 18s '4d. Thus the total revenue was £30,0 Jb *4s 2d* The net revenue account, showed that '£2500 had been written off the goodwill 'account and £2'so had been set aside 'as a reserve for bad debts, leaving a 'credit balance of £5582 17s 7d to be 'dealt with by the board. The capital account disclosed that of the original loam of £187,500, loan 'moneys to the extent of £173,300 had been raised, of which sum £169,523 17s <4d had been expended on capital works, leaving a 'balance of £3776 2s Sd available in cash, stocks and sundry debtors. The capital expenditure, for the year had been £14,5'52 Ils 3d. The general balance-sheet of. the 'board was shown as follows; —Liabilities: Amounts raised by loans, less 'loans repaid, £172,849 Is lid; sundry •creditors, £4951 7s 9d; sundry reserves, £21,222 10s lid; total, £199,023 0s 7d. 'Assets: Net amount expended on 'works, £169,523 17s 4d; stocks on hand, '£5675 0s 2d; sundry debtors, £2194 0s '6d; investments of reserves, £12,538 17s '4d; cash on hand, £3'S; cash on deposit, '£2040 2s 4d; cash at bank, £6671 19s '3d; charges paid in advance, £341 3s •8d; total, £199,023 0s 7d. At the suggestion of the chairman '(Mr. J. B. Murdoch) the boaijd made the following appropriations of the net 'profits standing to the credit of the bet revenue account: — A further transfer (additional to the statutory provisions) of £623 Is lOd to the depreciation and reserve account. A transfer of £3OO to the stock depreciation reserve account. A transfer of £l5OO to the general Preserve account. The balance of £31'59 15s 9d. to be carried "forward to the next year’s accounts.

Estimaitcs of revenue and expenditure for the year ending March 31, 1933, were approved as follows: — Revenue: Sales of current, £29,200; profit from trading, £400; rents, £250; interest and sundries, £150; making a total of £30,000.

Expenditure: Generation and purchase of electricity, £6000; maintenance of lines, transformers, meters, plant and cost of meter reading, £2250; management and general, £3'800; canvassing and testing, £500; discounts; £2900; interest, sinking fund and depreciation, £13,950; sundries, £100; making a total of £29,500.

i AUROA DISTRICT NEWS.

AUTUMN FAIR SUCCESS.

A very successful autumn fair was held in the Auroa Hall on Wednesday evening to augment the funds for the 'Anglican Church. There was a good attendance. Brisk business was done at 'all the stalls, which contained useful and thrifty necessities suitable to the times. Great credit is; due to Mrs. A. C. Johnstone (president) and to Mrs. W. >F. Lyndon (secretary) for their organisation. The net proceeds were £26. Stalls were tastefully arranged all round the hall, and prettily decorated The following were those in charge: 'Meat stall, Mrs. Lyndon; jumble, Mesdames Johnstone, H. Buxton and J. C. Duff; sweets, Mesdames P. C. Hall and H. Hartley; ice cream, Miss Nellie Lyndon; fruit salad, Misses Marjory Benton and. Rene Espin; cake, Mrs. West and Mrs. Fairbrother; supper room, Mesdames Espin, Symes, King and Sheerin; hoop-la, Mr. A. W. King; naildriving, Mr. Sheerin. A novelty stall ’was conducted by Mrs. Benton and Miss Lily King. Various interesting competitions were held and proved popular, the following being the winners: Naildriving, Mr. Geof. Bigham and Miss Ruby King; matching fashions, Leslie King; hearth rug made by Miss Symes, Mrs. 'Benton; doll dressed in woollies, made by Mrs. Johnstone and Mrs. Fairbrother, Miss Marjory Benton. All kinds of vegetables and preserves were finally disposed of by Dutch auction by Mr. Parry. At the conclusion the Rev. Solomon, Manaia, thanked all for their great effort. HOCKEY PREPARATIONS. The Auroa men’s hockey club has commenced practices, and next week a Hawera team will play a friendly match at Auroa. The colours finally decided on are green jerseys and white trousers. Messrs D. Benton and A. Webby attended the Eltham delegates’ meeting, and Misses Una West, Margaret Lilley and Jean Millar attended the delegates’ meeting at Stratford.

“PLAYBOY OF PARIS” AT KAPONGA

Three women complicate the love situation for Maurice Chevalier in that ’star’s screamingly funny comedy romance, 'Playboy of Paris,” in which the joyous Lothario will woo and warble ’at the Town Hall, Kaponga, to-night. Maurice, gay, debonair© and dauntless, ’is cast as a millionaire waiter. All day he- waits on the rich people of ‘Paris, longing to take his place with 'them in the glamorous life of the world’s fashion centre. At night, transformed, he joins the throng of merryinakers in the brilliant cafes, arid with his bewitching singing, his melting loveinaking, becomes a favourite with all the women. His chief difficulty is keeping his identity as a waiter secret, for be is under an iron-bound contract to 'continue waiting on tables for twenty ■years.