B.—l [PT. I].

PUBLIC ACCOUNTS, 1 927-1 928

STATEMENT of the RECEIPTS and EXPENDITURE of the PUBLIC WORKS FUND for the

22

ELECTRIC 1926-1927. RECEIPTS. 1927-1928. £ s. d. Balance at beginning of Year, — £ s. d. f s. d. 2,350 6 8 Cash in the Public Account .. .. .. .. .. .. 44,866 5 8 Imprests outstanding— 2,145 7 0 In the Dominion .. .. .. .. .. .. .. 2 0 0 43,616 0 9 In London .. .. .. .. .. .. .. .. 79,322 4 9 90,000 0 0 Investment Account .. .. .. .. .. .. .. 150,000 0 0 _____— 274,190 10 5 138,111 14 5 — — Credits-in-aid, — 28,316 2 0 Vote —Development of Water-power .. .. .. .. .. .. 28,932 18 11 Credits-in-reduction, — Unauthorized Expenditure— 45 11 10 Services not provided for 2,063 15 2 Recoveries on acoount of Expenditure of previous Years .. .. .. .. 63 9 2 State Supply of Electrical Energy Act, 1917, Section 8, — 339,993 16 4 Sales of Electric Energy .. .. .. .. .. .. .. 367,947 5 11 7,490 6 8 Miscellaneous Receipts .. .. .. .. .. .. .. 10,020 6 7 —— — — 377,967 12 6 347,484 3 0 ————— Reserves and other Lands Disposal and Public Bodies Empowering Act, 1921-22, Section 91 (2), — Amount transferred from State Forests Acoount .. .. .. .. .. 1332 14,748 3 0 Interest on Investments .. .. .. .. .. .. .. 18,568 6 10 1 New Zealand Loans Act, 1908, — New Zealand Consolidated Stock, 1946 — Electric-power Works Loan Act, 1919 —• Stock issued in respect of £1,100,000 authorized (part of £6,000,000 5-per-cent. 1,100,000 0 0 Stock Loan, 1926) Stock issued in respect of Amount required to cover Charges and Expenses of raising £1,100,000 authorized (part of £6,000,000 5-per-cent. Stock 41,648 17 10 Loan, 1926) 416 9 9 Premium 7 0 9 Interest on Oyerdue Instalments Stock issued in respect of £900,000 authorized (part of £6,000,000 5-per-cent. Stock Loan, 1927) .. .. .. .. .. 900,000 0 0 Premium .. .. .. .. .. .. .. .. 437 14 4 Stock issued in respect ofj Amount required to cover] Charges and Expenses of raising £900,000 authorized (part of £6,000,000 5 - per - cent. Stock Loan, 1927) .. .. .. .. .. .. .. 25,012 8 4 Interest on Overdue Instalments .. .. .. .. .. 760 New Zealand Inscribed Stock Act, 1917 — Finance Act, 1920, Section 15 (Electric-power Works) — 98,000 0 0 Inscribed Stock issued Electric-power Works Loan Act, 1919 — Inscribed Stock issued .. .. .. .. .. .. 160,000 0 0 1,085,457 8 8 1,240,072 8 4 Public Revenues Amendment Act, 1913, Section 34, — 50,000 0 0 Proceeds of Treasury Bills issued in anticipation of Loan New Zealand Loans Act, 1908, Section 5 (1) (6), — Electrie v -power Works Loan Act, 1919 — 110,000 0 0 Temporary Advance received from Bank of England on Memorandum of Security .. .. .. .. .. .. .. Public Revenues Act, 1926, Section 40, — Temporary transfers from other Accounts .. .. .. .. .. .. 100,000 0 0 £1,930,841 17 9 Totals .. £1^885,193T7 ELECTRIC SUPPLY I s. d. Balance at beginning of Year, — £ s. d. £ g. d. 15 1 Cash in the Public Account . . .. .. .. .. .. 22 13 0 17.390 0 0 Investment Account .. .. .. .. .. .. .. 38,640 0 0 38,662 13 0 17.391 5 1 State Supply of Electrical Energy Act, 1917, Section 12, — Transfer from Electric Supply Account— 11,342 0 0 Horahora Scheme .. .. .. .. .. .. .. 8,448 0 0 8,906 15 11 Lake Coleridge Scheme .. .. .. .. .. .. 26,250 5 3 , 34,698 5 3 20,248 15 11 1,022 12 0 Interest on Investments .. .. .. .. .. .. .. .. 2,354 16 9 138,662 13 0 Totals .. .. .. .. .. .. .. £75,715 15 0 Note.—In these accounts the credits-in-aid (section 51, Public Revenues Act, 1926) and other credits in reduction of expenditure are shown as receipts, and are not deducted from the expenditure as prior to 1924-25. For the purposes of comparison a summary showing the net expenditure will be found on page 74.