D.—l

18

WAIKATO ELECTRIC-POWER SUPPLY—HORAHORA SCHEME. Pbofit and Loss Account for Twelve Months ending 31st Mabch, 1921. Gross Revenue Account. To Generating-expenses: Head- £ s. d. £ s. d. By Sales of electrical energy to wholesale £ 8. d. works and power-house— consumers .. .. .. 14,719 8 5 Salaries .. .. 2,363 5 2 Rents of houses .. .. .. 85 10 1 Wages .. .. 433 8 2 Supplies .. .. 281 11 4 Transport of stores, &c... 93 1 8 Maintenance and repairs— Headworks and buildings 259 9 10 Power-house machinery 301 710 Staff houses, &c. .. 11l 7 10 3,843 11 10 Transmission-line, Horahora to Waihi— Wages .. .. 748 16 10 Supplies .. .. 36 16 10 Repairs, &c. .. .. 35 10 11 Transport .. .. 136 4 2 957 8 9 Waikino Substation— Operating wages (half) .. 491 16 8 Repairs to building, machinery, &c. .. 154 5 4 646 2 0 Hire of plant .. .. .. 142 17 2 Management and general— Management salaries .. 503 5 3 Travelling-expenses .. 87 16 11 Postages, telegrams, and telephones .. .. 35 10 1 Kre insurance .. .. 41 8 10 Accident insurance .. 60 12 4 Legal expenses .. 27 6 0 Printing, stationery, and advertising .. .. 34 15 5 Office rent, cleaning, and lighting .. .. 60 7 0 Miscellaneous expenses .. 10 18 2 862 0 0 6,451 19 9 Balance to Net Revenue Account .. .. .. 8,352 18 9 £14,804 18 6 £14,804 18 6 Net Revenue Account. To Interest on purchase-money for plant £ s. d. £ s. d. purchased from Waihi Gold-mining By Balance from Gross Revenue Account 8,352 18 9 Company, and on advances from Balance to Profit and Loss AppropriaTreasury .. .. .. 10,675 0 0 tion Account .. .. .. 6,281 15 3 Depreciation on completed works (2 per cent.) .. .. .. .. 3,959 14 0 £14,634 14 0 £14,634 14 0 Profit and Loss Appropriation Account. £ s. d. £ s. d. To Balance from previous year .. .. 2,122 8 0 By Balance to balance-sheet .. .. 8,404 3 3 Balance from Net Revenue Account .. 6,281 15 3 £8,404 3 3 £8,404 3 3 Depredation Reserve Account. £ s. d. £ s. d. To Balance to balance-sheet .. .. 5,653 4 9 By Balance at 31st March, 1920 .. ..1,628 8 0 Interest for year .. .. .. 65 2 9 Amount set aside as per Net Revenue Account.. .. .. .. 3,959 14 0 £5,653 4 9 £5,653 4 9