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

D.—l.

2*

19

Liabilities. 1937-38. 1936-37. ! j Assets. 1937-38. 1936-37. : i | j! I ; £ s d. | £ s. d. | £ s. d. Power stations — Depreciation Reserve .. .. .. .. 552,104 19 1 471,083 6 11 Lake Coleridge— £ s. d. £ s. d. £ s. d. Headworks .. .. .. 544,028 12 0 544,291 11 6 General Reserve — Buildings and machinery .. .. 249 ,24 - 2 0 248, 068 7 7 Balance at close of previous year .. 67,703 7 6 175,809 3 3 793,272 14 0 Excess transferred to Profit and Loss 7,264 16 9 I 792 359 19 1 Appropriation Account, 1936-37 Waitaki - ) 3— — Headworks .. .. .. 1,125,136 14 0 1,123,410 13 6 74,968 4 3 Buildings and machinery .. .. 643,692 2 10 642,265 9 5 Loss for year .. .. .. .. 108,105 15 9 1,768, 828 16 10 Profit for year .. .. .. 7,431 1 5 .. 1,765,676 2 11 82,399 5 8 Kaimata — 67,703 7 6 Headworks .. .. .. 81,830 18 8 Southland— Balance taken over from Buildings and machinery .. .. 25,191 1 9 Southland Electric-power Board .. j 189,312 2 2 107.022 0 5 Southland — Headworks .. .. .. 184,657 1 4 218,148 16 4 Sinking Fund — Buildings and machinery .. .. 15,921 17 2 16,717 18 4 Amount utilized for redemption of loans 259,434 12 10 257,684 11 10 200,578 18 6 Available for further redemptions .. 36,382 14 6 13,429 16 1 234 866 14 8 295,817 7 4 Auxiliary plants — 271,114 7 11 Dobson Diesel station .. .. 2,805 7 7 34 19 8 Lyttelton Diesel station .. .. 106,322 2 3 89,066 3 7 109,127 9 10 89,101 3 3 Sundry creditors — Transmission and distribution — Public Works Department .. .. 10,717 2 9 6,953 4 6 Primary .. .. .. .. 1,339,508 18 2 1,250,403 14 8 Other Government Departments .. 2,100 18 2 2,966 18 7 Secondary .. .. .. .. 294,200 9 7 297,794 3 2 Non-departmental .. .. .. 28,078 3 2 5,866 11 1 " 1,633,709 7 9 40,896 4 1 1,548,197 17 10 15,786 14 2 Substations .. .. .. .. .. 525,781 2 3 456,701 11 1 Charges paid in advance .. .. .. 1,662 12 4 1,756 0 2 Offices and stores, buildings, &c. .. 17,983 12 3 19,762 3 8 Trunk Telephone System .. .. 43,780 15 10 36,080 9 6 Writings-oil in suspense .. .. ., 742 8 9 9 18 7 Exploration and preliminary surveys .. 7 19 6 Salaries and expenses during construction 116,562 0 ]0 207,499 11 11 Head Office Account .. .. .. .. 5,673,245 18 1 5,395,580 7 6 Interest during construction .. .. 469,157 16 8 468,053 4 1 1 Charges and expenses of raising loans .. 533,802 5 10 530,925 12 7 1,181,294 10 11 1,262,321 1 9 6,319,615 0 6 6,149,224 10 7 Plant, tools, &e. .. .. .. .. 115,028 6 9 102,519 11 2 Stocks of material .. .. .. .. 100,494 19 2 88,789 11 4 Sundry debtors — Public Works Department .. .. 2,111 6 1 3,626 5 6 Other Government Departments .. 2,467 5 11 1,553 5 6 Non-departmental .. .. .. 95,451 2 2 53,180 2 3 100,029 14 2 58,359 13 3 Payments in advance .. .. .. .. 20 19 8 23 3 6 Sinking Eund investments .. .. .. 11,679 15 1 13,429 15 1 £6,646,868 15 4 £6,412 346 4 11 Contingent Liability. £6,646,868 15 4 £6,412,346 4 11 Arrears due to Sinking Fund .. .. £166,393 13 6