D.—1.

TABLE No. 5— continued. NORTH ISLAND HYDRO-ELECTRIC-POWER SUPPLY— continued. Balance-sheet at 31st March, 1938.

16

Liabilities. 1937-38. 1936-37. Assets. 1937-38. 1936-37. j | ; £ s. d. £ s. d. £ s. d. Headworks, power-hotise, machinery, &c. — £ s. d. £ s. d. £ s. d. Depreciation Reserve .. .. .. .. 1,016,184 7 5 949,888 3 11 Arapuni .. .. .. .. 2,487,053 4 2 2,402,081 7 0 Horahora .. .. .. .. 310,870 14 7 310,719 2 10 Mangahao .. .. .. .. 1,281,862 17 3 1,280,951 17 7 Sinking Fund — Waikaremoana .. .. .. 558,143 8 0 555,197 18 6 Utilized for redemption of loans.. .. 55,929 15 6 55,929 15 6 4,637,930 4 0 Available for further redemptions .. 154,938 7 9 .. 4,548,950 5 11 210,868 3 3 Auxiliary plants — 55,929 15 6 Diesel Station, Penrose .. .. 62,189 7 8 62,190 14 11 — Steam Station Grand Junction .. .. 8,959 2 4 8,991 11 6 Steam Station, Huntly.. .. .. 10,847 1 11 10,847 1 11 Sundry creditors — 81,995 11 11 Public Works Department .. .. 19,138 15 0 22,675 5 8 82,029 8 4 Other Government Departments .. 1,394 15 9 1,827 7 3 Non-departmental .. .. .. 65,606 0 6 60,929 8 3 Transmission-lines .. .. .. .. 1,589,664 7 2 1,588,877 17 10 Substations .. .. .. .. .. 1,077,808 18 2 978,772 12 1 85,432 1 2 Office buildings, land, railway siding, harbour .. 61,461 10 4 42,347 6 1 — 86,139 11 3 facilities, &c. Writings-off in suspense .. .. .. .. 143 13 11 Temporary development, Waikaremoana .. .. 800 0 0 800 0 0 Charges paid in advance .. .. .. .. 2 16 Lower development, Waikaremoana .. .. 17,431 17 5 Head Office Account .. .. .. .. 8,373,855 15 2 8,510,234 12 2 Salaries and expenses of engineers and others .. 496,240 6 7 490,189 4 5 on surveys and during construction Cost of raising loans .. .. .. .. 296,454 5 4 296,584 12 0 Interest during construction .. .. .. 956,627 1 4 947,644 13 6 9,216,414 2 3 8,976,196 0 2 Plant, motor-vehicles, &c. .. .. .. 57,728 16 8 50,396 16 4 Stocks .. .. .. .. .. 165,223 4 5 137,035 9 8 Sundry debtors — Public Works Department .. .. 5,871 18 7 2,939 14 0 Other Government Departments .. 6,903 4 5 8,116 13 7 Non-departmental .. .. .. 234,977 15 10 271,624 10 8 247,752 18 10 282,680 18 3 Payments in advance .. .. .. .. 74 10 4 Accumulated loss .. .. .. .. .. 155,175 8 4 £9,687,193 12 6 £9,601,484 12 9 Contingent Liability. £9,687,193 12 6 £9,601,484 12 9 Arrears due to Sinking Fund .. .. £776,363 5 7