D.—1

11

TABLE No. 6. DEVELOPMENT OF WATER-POWER. STATEMENT OF ACCOUNTS AT THE 31st MARCH, 1924. General Balance-sheet at 31st March, 1924, compared with Position at 31st March, 1923.

1922-23. Liabilities. \ 1923-24. 1922-23. j Assets. 1923-24. 1 _ 7 " i | £ s. d. Aid to Water-power Works and Electric £ s. d. £ 3. d. £ s. d. Lake Coleridge scheme — £ s. d. £ s. d. Supply Accounts — 906,921 12 2 Assets as per separate balance-sheet .. 954,529 8 10 Debentures issued — Profit and Loss Account —Accumulated 350,000 0 0 At 4 per cent, interest .. . 125,000 0 0 23,875 16 11 loss to date .. .. .. 23,172 9 7 119,000 0 0 At 4J per cent, interest .. .. 344,000 0 0 — 977,701 18 5 4,000 0 0 At 5& per cent, interest .. .. 4,000 0 0 930,797 9 1 56,150 0 0 At 5 per cent, interest .. .. 55,750 0 0 — — Lake Waikaremoana scheme — N.Z. inscribed stock— 76,650 17 8 Assets as per separate balance-sheet .. 77,147 19 0 1,331,360 0 0 At 5 per cent, interest (due 1930) .. 800,360 0 0 390 5 0 Profit and Loss Account —Loss to date .. 3,864 4 0 N.Z. Consolidated Stock — 81,012 3 0 10,469 13 9 At 5 per cent, (due 1935-45) .. 510,991 13 4 77,041 2 8 1,076,938 9 3 At 6 per cent, interest (due 1936-51) .. 1,076,938 9 3 Waikato River schemes — 807,703 17 0 At 6 per cent, interest (due 1936-51) .. 807,703 17 0 Horahora — 3,724,743 19 7 436,755 0 4 Assets as per separate balance-sheet .. 512,201 19 0 3,755,622 0 0 Arapuni — £ e . d. Land and fencing .. 176 0 0 Waihi Gold-mining Company (Limited) — .. Roads and bridges .. 10,598 13 3 Purchase of Horahora works —Deed of Electric lines and 212,500 0 0 security at 5 per cent, interest .. .. 212,500 0 0 .. telephone service .. 822 18 4 ' ' 56 11 9 Houses .. .. 4.715 15 8 3 968 122 0 0 50,000-volt lines — ' 4,267 0 6 Horahora - Arapuni 4,832 13 1 Arapuni-Ngongotaha 155 9 5 110,000- volt lines — Consolidated Fund — 625 5 3 Ruakura - Penrose 10,743 1 3 Interest accrued on loans to 31st March, 148 6 0 Arapuni-TeKuiti .. 148 6 0 41,363 12 5 1923 .. .. .. .. •• 42,036 14 11 110,000 - volt sub70 15 11 Sundry creditors for interest unolaimed .. .. .. station — 500 0 0 Penrose .. .. 515 7 2 (" Headworks and surveys .. .. 9,421 1 0 Engineering, office and 17 565 18 10 } general expenses on Amount set aside as reserve to cover differ- ' j preliminary surveys ence between interest payable on loans and investigations at raised and interest earned from their Arapuni and during 36 433 1 1 temporary investment pending use .. .. 29,452 4 11 construction .. 16,333 8 9 Motor-vehicles .. 198 16 11 Loose tools, plant, and equipment .. 2,814 19 4 Stocks of material on 49,158 1 8 hand .. .. 62,510 16 6 Lake Coleridge scheme — Interest during con61,275 8 7 Depreciation reserve .. .. .. 72,593 19 8 6,508 2 9 struction .. 12,548 13 9 2,741 7 11 Sundrv creditors .. .. .. 5,392 12 1 77,986 11 9 78,829 6 9 136,536 0 5 64 016 16 6 9 14 2 Sundry debtors .. 707 10 10 _ O/tq 1*1 q 78,839 0 11 649,445 10 3 4,110,006 5 11 Carried forward .. ..J .. 4,086,719 11 2 1,523,432 13 0 Carried forward .. .. .. 1,708,159 11 8