B.—l TPT. IY, SUP.] .

Profit and Loss Appropriation Account for Year ended 31st March, 1927, compared with Year ended 31st March, 1926.

ELECTRIC SUPPLY ACCOUNT—continued. WAIKATO ELECTRIC-POWER SUPPLY.—HORAHORA SCHEME—continued. Profit and Loss Account for Year ended 31st March, 1927, compared with Year ended 31st March, 1926—continued.

26

Gross Revenue Account —continued. 1925-26. 1926-27. 1925-26. ! j 1926-27. '1 i i I ! i £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. 3,408 2 8 Brought forward .. .. .. 4,711 1 2 i 23,760 1 10 85,830 2 11 Brought forward .. .. .. 108,747 14 2 To Management and general —continued. 142 6 7 Testing, oil-drying, repairs, &c., for consumers 242 4 8 3 12 2 Bad debts .. .. .. 939 19 10 Losses on sales of old and surplus stocks .. 4,953 5 10 4,494 1 3 28,713 7 8 19,611 14 3 66,218 8 8 Balance to Net Revenue Account .. .. 80,034 6 6 ! ______ j £85,830 2 11 £108,747 14 2 £85,830 2 11 £108,747 14 2 Net Revenue Account. £ s. d. £ s. d. : £ s. d. £ s. d. To Interest on purchase-money for plant purchased from Waihi j 66,218 8 8 By Balance from Gross Revenue Account .. .. .. 80,034 6 6 31,269 6 0 Gold-mining Company, and on advances from Treasury .. 37,989 7 6 i 13,600 16 9 Depreciation on completed works (2 per cent.) and on stocks 16,481 7 0 jj 44,870 2 9 j 54,470 14 6 ! 21,348 5 11 ; Balance to Profit and Loss Appropriation Account .. 25,563 12 0 | £66,218 8 8 | £80,034 6 6 | £66,218 8 8 j £80,034 6 6

£ s. d. £ s. d. £ s. d. £ s. d. Sinking Fund contributions to date, as required by section 12 | 21,348 5 11 By Balance from Net Revenue Account .. .. .. I 25,563 12 0 11,342 0 0 | of the State Supply of Electrical Energy Act, 1917.. .. j 8,448 0 0 10,006 5 11 | Reserve Fund .. .. .. .. .. .. 17,115 12 0 £21,348 5 11 £25,563 12 0 £21,348 5 11 £25,563 12 0