B. —1 [PT. IV], Sup. TO 1932

ELECTRIC SUPPLY ACCOUNT. STATEMENT OF ACCOUNTS AT THE 31st MARCH, 1932. General Balance-sheet at 31st March, 1932, compared with Position at 31st March, 1931.

16

1930-31. Liabilities. \ 1931-32. ! 1930-31. Assets. 1931-32. £ s. d. Aid to Water-power Works and Electric £ s. d. £ s. d. £ s. d. Lake Coleridge scheme — £ s. d. £ s. d. Supply Accounts — 1,784,315 4 11 Assets as per separate balance-sheet .. 1,867,821 1 9 Debentures Stock issued— 41,195 12 5 Investments, Sinking Fund .. .. 65,598 8 11 At 4 per cent, interest .. .. 15,000 0 0 —— 1,933,419 10 8 2,651,413 18 0 At 4J per cent, interest .. 2,651,413 18 0 1,825,510 17 4 3,937,539 6 10 At 5 per cent, interest .. ■ • 4,373,639 6 10 : '739,480 0 0 At 5J per cent, interest .. .. 739,480 0 0 Horahora-Arapuni scheme— 608,000 0 0 At 5J per cent, interest .. .. 1,171,800 0 0 4,027,610 12 7 Assets as per separate balance-sheet .. 4,592,897 2 1 1,884', 642 6 3 At 6 per cent, interest .. .. 1,884,642 6 3 7,072 2 7 Investments, Sinking Fund .. .. 9,491 13 11 10,835,975 11 1 38,312 8 8 Profit and Loss Account —Loss to date .. 78,866 12 7 9,821,075 11 1 4,681,255 8 7 4,072,995 3 10 Mangahao-Waikaremoana scheme — 3,640,166 0 3 Assets as per separate balance-sheet .. 13,788,385 11 3 Waihi Gold-mining Co., Ltd. — 467,289 13 4 Profit and Loss Account —Loss to date .. 484,623 19 1 212,500 0 0 Purchase of Horahora works —Deed of .. 212,500 0 0 j 4,273,009 10 4 security at 5 per cent, interest. (Due 4,107,455 13 7 1/11/1934) Waitaki River scheme— 236,599 4 10 Headworks .. .. .. .. I 404,068 2 2 303,619 5 9 Power-house, machinery, &c. .. .. 448,954 11 3 66,655 14 0 Accommodation of workmen .. .. j 51,397 13 10 Consolidated Fund — 120,665 2 9 Transmission-lines and substations .. ! 222,186 12 7 102,581 17 5 Interest accrued on loans to 31st March, 113,220 5 2 216,294 9 0 Service-line, roads, land, staff village, &c. 247,879 4 10 1932 120,651 6 4 Interest and loan charges .. .. 206,197 18 7 182 9 8 Sundry creditors for interest unclaimed .. 897 7 4 63,389 0 3 Stocks .. ,. .. .. 53,207 9 11 114,117 12 6 1,562 8 10 Sundry debtors .. .. .. 644 19 7 102,764 7 1 1,634,536 12 9 1,129,436 11 9 Other schemes, surveys, &c. — Electric Supply Sinking Fund Account — 4,269 7 0 North Island .. .. .. 4,346 7 8 5,094 6 6 Amount due under section 23, Finance Act, .. 12,290 1 3 11,364 4 3 South Island .. .. .. 11,347 15 2 1928 — 15,633 11 3 15,694 2 10 140 0 0 Material on hand .. .. .. 120 0 0 15,814 2 10 15,773 11 3 30,995 4 4 Amount set aside as reserve to cover differ- .. 28,496 2 9 ence between interest payable on loans raised and interest earned from their temporary investment pending use 10,172,429 9 0 Carried forward .. .. .. 11,203,379 7 7 11,151,171 17 9 Carried forward .. .. .. 12,538,035 5 2