D.—l.

TABLE No. 5— continued. NORTH ISLAND HYDRO-ELECTRIC-POWER SUPPLY. Profit and Loss Account for Year ended 31st March, 1940.

14

Gross Revenue Account. To Generating-expenses (hydro-electric) — £ s. d. £ s. d. By Sales of electrical energy— £ s. d. £ s. d. £ s. d. Arapuni .. .. .. .. .. .. 31,372 4 7 Bulk for resale .. .. .. j .. 1,264,605 13 2 Horahora .. .. .. .. .. 6,412 12 4 Other than for resale — Mangahao .. .. .. .. .. .. 12,339 16 6 Traction .. .. .. .. 5,108 15 0 Tuai .. .. .. .. .. .. 11,599 2 6 Industrial .. .. .. j 43,919 7 2 61,723 15 11 Retail .. .. .. .. 3,015 9 1 Generating-expenses (fuel) — 52,043 11 3 Penrose" ............ 307 1 6 | 1,316,649 4 5 Waihi Grand Junction .. .. .. .. .. Rents — Huntly .. .. .. .. .. .. 35 10 9 Land and buildings .. .. .. .. 10,378 4 3 342 12 3 Lines and plant .. .. .. .. 571 0 4 j Purchase of power in bulk .. .. .. .. .. 103,638 13 3 — 10,949 4 7 Standby charges .. .. .. .. .. .. 65,304 8 9 Miscellaneous revenue .. .. .. 900 13 5 : 231,009 10 2 Transmission and communication system : Patrol and main- .. 31,775 14 3 tenanee Substations: Operation and maintenance .. .. .. 34,422 10 0 Distribution: Maintenance .. .. .. .. .. 2,048 16 4 System operation, testing, &c... .. .. .. .. 13,8276 2 Management and general expenses .. .. .. .. 54,930 17 3 Balance, to Net Revenue and Appropriation Account .. .. ! 960,484 8 3 £1,328,499 2 5 £1,328,499 2 5 Net Revenue and Appropriation Account. ! £ "?Vs.' d. j £ s. d. £ s. d. To Interest (gross) for year ended 31st March, 1940 .. .. |364,664 5 7 By Balance from Gross Revenue Account .. .. .. .. j 960,484 8 3 Less interest capitalized .. .. .. .. 19,456 19 3 345,207 6 4 Depreciation on completed works .. .. .. .. 15,476 15 10 Sinking Fund .. .. .. .. . . .. .. : 418,552 3 4 Reserve Fund .. .. .. .. .. .. 181,248 2 9 i £960,484 8 3 £960,484 8 3