D.—l

30

TABLE NO. Q— continued. Depreciation Reserve Account. 1923-24. | 1923-54. £ s. d. £ s. d. To Balance to balance-sheet .. .. .. .. .. .. 229 19 2By Balance at 31st March, 1923 .. .. .. .. .. .. 150 5 7 Interest at 4 per cent, per annum .. .. .. .. .. 603 Amount set aside as per Net Revenue Account (1-05235 percent, on £7,000) .. 73 13 4 £229 19 2 £229 19 2 General Balance-sheet at 31st March, 1924. Liabilities. £ s. d. Assets. Public Works Fund—Capital expenditure to 31st March, 1924 .. .. .. 178,545 710 Dams, weirs, water-races, &c.— £s.d.£ s. d. Consolidated Fund—Excess of maintenance and interest charges over receipts .. 20,967 13 8 Ida Valley section— Depreciation Reserve Account .. .. .. .. .. .. 229 19 2 Proportion Manorbum dam and[headraces .. .. 49,070 0 0 Sundry creditors— Main water-races .. .. .. .. .. 96,615 11 0 Ida Valley .. .. .. .. .. .. .. .. 368 7 1 Distribution water-races .. .. .. .. 12,246 11 4 Galloway .. .... .. .. .. .. 200 —— 157,932 2 4 Galloway section— Proportion Manorbum dam and headraces .. .. 10,408 0 0 Dip Creek diverting- weir .. .. .. .. 1,090 4 7 Main water-races .. .. .. .. 7,295 8 0 18,793 12 7 176,725 14 11 Staff accommodation .. .. .. .. .. .. .. 1 ( 140 0 0 Telephone system .. .. .. .. .. ■ .. .. 800 0 0 Stocks of material on hand .. .. .. .. .. .. 250 0 0 Interest during construction .. .. .. .. .. 10,216 4 2 Sundry debtors (sale of water) .. .. .. .. .. .. 3,227 8 7 Profit and loss—Accumulated loss to date .. .. .. .. .. 7,754 0 1 £200,113 7 9 £200,113 7 9 N.B.—The above accounts take the place of any previously published. J. J. Gibson, Accountant, Public Works Department.