B.—l [PT. IV, SUP.].

ELECTRIC SUPPLY ACCOUNT— continued. MANGAHAO ELECTRIC-POWER SUPPLY— continued. Profit and Loss Account for the Year ended 31st March, 1928, compared with Year ended 31st March, 1927— continued. Gross Revenue Account— continued.

20

1926-27. j I 1927-28. 1920-27. 1927-28. li I ' i .| £ s. d. £ s. d. £ s . d. £ s. d. £ s. d. £ s. d. I 4,989 19 1 Brought forward .. .. 7,146 16 7 25,445 1 0 ' 101,897 1 4 j Brought forward .. .. .. 44,111 15 2 To Management and general —continued. 116 7 6 Printing, stationery, and advertising.. 302 10 10 Motor-cars and general travelling487 13 7 expenses .. .. .. 277 18 6 453 18 9 Accident, sick, and holiday pay .. 42 15 1 12 4 2 Fire insurance .. .. .. 42 12 3 133 16 1 Audit fees 20 4 2 Legal expenses .. .. .. 93 17 0 | 480 11 9 Miscellaneous expenses .. .. 563 0 11 8,469 11 2 6,694 15 1 26,920 18 8 74,976 2 8 Balance to Net Revenue Account .. .. 10,197 3 0 £101,897 1 4 £44,111 15 2 j £101,897 1 4 J £44,111 15 2 j Net Revenue Account. I * I £ a. d. £ s. d. £ s. d. £ s. d. To Depreciation at 2 per cent, per annum on completed works 74,976 2 8 By Balance from Gross Revenue Account.. .. .. 10,197 3 0 32,997 0 0 at 31st March, 1928 .. .. .. .. 35,300 13 4 56,902 9 4 Loss for year .. .. .. .. .. 131,544 2 8 98,881 12 0 Interest for year ended 31st March, 1928 .. .. 106,440 12 4 £131,878 12 0 £141,741 5 8 | £131,878 12 0 i £141,741 5 8 Profit and Loss Appropriation Account. £ s. d. £ s . d. £ s. d. £ s - d. To Balance from previous year .. .. .. .. 124,193 2 1 .. By Balance .. .. .. .. .. .. 255,737 4 9 Balance from Net Revenue Account .. .. .. 131,544 2 8 j j I 1 ! £255,737 4 9 .. £255,737 4 9 | Arrears of Sinking Fund contributions to 31st March, 1928 : £66,393.