D.—l

TABLE No. 5— continued. NORTH ISLAND HYDRO-ELECTRIC-POWER SUPPLY. Profit and Loss Account for Year ended 31st March, 1938, compared with Year ended 31st March, 1937. Gross Revenue Account.

Net Revenue Account.

14

1937-38. 1936-37. 1937-38. 1936-37. | I J ■ " . . • To Generating-expenses, headworks, and £ s. d. ; £ s. d. £ s. d. By Sales of energy — £ s. d. £ s. d. £ s. d. power-house — Wholesale .. .. .. 966,482 5 0 876,215 13 3 Arapuni .. .. .. 17,232 13 4i 12,924 19 0 Retail .. .. .. .. 2,247 15 4 1,929 12 8 Horahora .. .. .. 4,315 5 7 5,799 16 4 968,730 0 4 — Mangahao .. .. .. 10,172 11 3 13,065 13 7 878,145 5 11 Waikaremoana .. .. .. 14,138 6 2 9,821 5 5 Standby stations .. .. 13,468 18 4 7,189 18 11 Rents — 1 59,327 14 8 Cottages, &c. .. .. .. 8,261 5 5 7,294 17 7 48,801 13 3 Lines, plant, &c. .. .. 823 15 6 985 0 1 Transmission -lines — 9,085 0 11 Patrol, maintenance, &c. .. .. •• 36,728 5 4 30,490 8 0 Substations — 8,279 17 8 Operation and maintenance .. •• 25,988 3 11 23,869 7 0 Management and general — Miscellaneous — Salaries, office expenses, accident, sick, .. 55,500 6 3 41,153 17 8 Tests and inspection .. .. .. 677 4 9 276 11 8 and holiday pay, testing, &c. Penalties .. .. .. .. .. 707 15 4 177,544 10 2 144,315 5 11 Balance to Net Revenue Account .. •• 800,947 15 10 743,094 4 8 £978,492 6 0 £887,409 10 7 j £978,492 6 0 | £887,409 10 7 \

j 1 ' jj " j i 1937-38. 1936-37. 1937-38. 1936-37. i ! I ; £ s. d. £ s. d. £ s. d. £ s. d. To Interest for year ended 31st March, 1938 .. .. 349,816 3 5 391,241 5 10 By Balance from Gross Revenue Account .. .. 800,947 15 10 743,094 4 8 Depreciation on completed works .. .. ■■ 50,725 6 11 10,463 14 7 King's Wharf Station, half annual charges on capital 37,592 10 2 38,119 11 9 costs thereon Cost of raising loans and expenses .. .. .. 2,151 8 2 59,130 0 1 Balance to Profit and Loss Appropriation Account .. 360,662 7 2 244,139 12 5 £800,947 15 10 £743,094 4 8 £800,947 15 10 £743,094 4 8