B.—l [PT. IV, Sup.] .

ELECTRIC SUPPLY ACCOUNT— continued. WAIKAREMOANA ELECTRIC-POWER SUPPLY— continued. Balance-sheet as at 31st March, 1927.

I hereby certify that the Balance-sheet and accompanying accounts have been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby. The following comment is appended : In the opinion of the Audit Office the purchase-price of the land exchanged for the watershed and paid for out of the Lands Improvement Vote is a proper charge against the scheme.— G. F. C. Campbell, Controller and Auditor-General.

18

Liabilities. Assets. £ s. d. Temporary development — £ s. d. £ s. d. Electric Supply Account —Balance carried to general balance-sheet .. .. 186,702 15 9 I Headworks and pipe-lines .. .. .. .. .. 26,827 18 10 Sundry creditors .. .. .. .. .. .. .. 14,686 3 5 i Building and machinery .. .. .. .. .. 30,831 11 4 Depreciation Reserve .. .. .. .. .. .. .. 6,326 1 0 I Workshop, equipment, &c. .. .. .. .. .. 477 9 3 58,136 19 5 ! Main development — Headworks .. .. .. .. .. 19,860 2 3. Main power-house .. .. .. .. .. 10,450 4 2 Outdoor station .. .. . . .. .. .. 534 17 7 j Staff village .. .. .. .. .. 11,460 0 10 I Transmission-lines .. .. .. .. .. 4,167 5 1 Substations (survey) .. .. .. .. .. 36 7 5 46,508 17 4 i Management and general expenses .. .. .. .. .. 12,861710 j Workers'accommodation .. .. .. .. .. .. 13,030 3 1 Medical and first-aid appliances .. .. .. .. .. 54 6 0 Temporary service buildings .. .. .. .. .. .. 4,783 5 10 Main roads and bridges .. .. .. .. .. .. 17,109 13 4 Land for headworks, &c. .. .. .. .. .. .. 6,627 6 7 Telephone-line to Wairoa .. .. .. .. .. .. 1,064 10 4 j Works telephone-lines .. .. .. .. .. .. 174 3 6 ) Temporary electric-power lines .. .. .. .. .. 3,326 2 1 Temporary water-supply .. . . .. .. .. .. 621 18 2 Installation of major plant .. .. .. .. .. .. 1,484 1 3 J Construction plant and equipment .. .. .. .. .. 5,354 17 5 ! Office furniture and equipment .. .. .. .. .. 55 4 0 I Holiday and accident pay .. .. .. .. .. .. 252 14 7 j Interest during construction .. .. .. .. .. .. 7,782 18 5 | Charges and expenses of raising loans .. .. .. .. .. 2,842 0 0 182,070 9 2 j Sundry debtors .. .. .. .. .. .. .. 1,660 7 10 | Stocks of material, tools, &c. .. .. .. .. .. 7,933 18 7 i Profit and Loss Account —Accumulated loss to date .. .. .. 15,050 4 7 £206,715 0 2 £206,715 0 2 j •_