i).—i.

Balance-sheet at 31st March, 1921. Liabilities. £ s. d. Assets. Depreciation Reserve .. .. .. 5,653 4 9 Works, &c, at Horahora— £ s. d. £ s. d. Sundry creditors .. .. .. 3,673 14 5 Roads and bridges .. 2,091 8 6 Waihi Gold-mining Company (Limited) — Freehold land .. 876 13 1 Purchase price of Horahora plant ..212,500 0 0 Accommodation for staff Balance carried to general and workmen .. 7,436 3 5 Balance-sheet— £ s. d. Headworks .. .. 86,307 11 5 Total assets as per contra 303,252 (1 10 Generating-station .. 26,092 10 8 Less total liabilities as Transformer building and above .. .. 221,826 19 2 machinery.. .. 20,896 0 3 81,425 12 8 143,700 7 A Transmission-lines— Horahora-Waihi, 50,000--volt .. .. 43,890 8 6 Linemen's cottages .. 804 15 9 Horahora - Hamilton, 50,000-volt.. .. 71 3 3 Mystery Creek - Te Awamutu, 50,000-volt .. 613 2 Horahora — Frankton, 11,000-volt.. ..14,304 3 6 59,077 4 2 Distribution-lines .. .. .. 535 16 1 Main substations — Hamilton .. .. 83 19 2 TeAwamutu.. .. 131 6 4 Transformer and oilboiling plant and machinery at Waikino .. 17,724 9 0 — 17,939 14 6 Stores buildings and fittings and Railwaysiding at Ruakura.. .. .. 1,532 12 4 Motor cars, lorries, and cycles .. .. 2,815 8 8 Loose tools and construction plant and equipment .. .. .. 2,368 14 7 Office furniture, Hamilton .. .. 363 0 0 Engineering, office, and general expenses on preliminary surveys and on construction .. .. .. .. 3,174 0 6 Salaries of officers on preliminary surveys and during construction .. .. 2,372 2 8 Interest during construction .. .. 15,619 13 8 General stocks of material on hand .. 44,023 17 2 Debtors— For current, &c. .. 1,276 8 7 For insurance premiums, &c, paid in advance 49 8 4 1,325 16 1] 294,848 8 7 Balance from Profit and Loss Appropriation Account —Accumulated loss to date 8,404 3 3 £303,252 11 10 £303,252 11 10 The balance-sheet has been duly audited with the various supporting books, vouchers, and documents, and found to correspond therewith. Robert J. Collins, Controller and Auditor-General.

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