TABLE No. 5— continued. ELECTRIC SUPPLY ACCOUNT.—STATEMENT OF ACCOUNTS AT THE 31st MARCH, 1938—continued. General Balance-sheet at 31st March, 1938, as compared with Position at 31st March, 1937— continued.

D.—l.

J. W. SCU'JLT, A.K.A.JN.Z., Chief Accountant, Public Works department. I hereby certify that the General Balance-sheet hag been dulv compared with the relative books and documents submitted for audit, and correctly states the position as disclosed thereby, subject to the departmental notes enfaced thereon— J. H. Fowler, Controller and Auditor-General.

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j | ! Liabilities. \ 1937-38. j 1936-37. j Assets. 1937-38. i 1936-37. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. Brought forward .. .. .. 14,129,864 4 6 14,114,983 14 11 Brought forward .. .. .. 16,352,779 14 1 16,077,371 14 10 Sundry Creditors — Balance in Electric Supply Account at the North Island scheme .. .. 86,139 11 3 85,432 1 2 end of year — South Island scheme .. .. 40,896 4 1 15,786 14 2 Cash in Public Account .. .. 44,198 7 10 140,630 12 7 Surveys and general .. .. .. 168 8 3 13 16 2 Imprests outstanding.. .. .. 18,856 18 2 3,003 0 1 127,204 3 7 63,055 6 0 101,232 11 6 143,633 13 2 Charges paid in advance — — Z~nns> 7 V North Island scheme .. .. .. 2 16 •• Suspense Account .. .. .. 11 y - > uu ° 1 1 South Island scheme .. .. 1,662 12 4 1,756 0 2 1,664 13 10 1,756 0 2 Depreciation Reserve — North Island scheme .. .. 1,016,184 7 5 949,888 3 11 South Island scheme .. 552,104 19 1 471,083 6 11 1,568,289 6 6 — ! „ . 1,420,971 10 10 Stocks —Surveys and General .. .. .. 104 9 8 Sinking Fund — Amount utilized for redemption of loans 315,364 8 4 313,614 7 4 Available for further redemptions .. 191,321 2 3 13,429 16 1 506,685 10 7 327,044 3 5 \ Writings-oil in Suspense — North Island scheme .. .. .. 143 13 11 South Island scheme .. .. 742 8 9 9 18 7 886 2 8 9 18 7 General Reserve — South Island scheme .. .. .. 82,399 5 8 257,015 9 8 Sundry debtors for interest due but unpaid '87 o 10 ™ 7 ' Tow 8S3 , 4 «»= „ , Contingent Liability. Arrears due to Sinking Fund .. .. £942,756 19 1 _ _____ __ Notes. —[a) No charge for cost of exchange on interest payments made in London is included. (6) Owing to the interconnection of the various schemes, it has not been found practicable to show separately the accounts of these schemes as required by the State Supply of Electrical Energy Act, 1917. T W anriTrr A ID A "NT >7 Annmmfant PnV,llf> Wnrta T)prva.rt,mp.nt.