D.—l.

ELECTRIC SUPPLY ACCOUNT.—STATEMENT OF ACCOUNTS AT THE 31st MARCH, 1942. General Balance-sheet at 31st March, 1942, compared with Position at 31st March, 1941.

1

Liabilities. 1941-42. 1940-41. Assets. 1941-42. 1940-41. Aid to Water-power Works and Electric £ £ £ £ £ £ Supply Accounts — North Island schenie — Debentures, Stock and Treasury Bills Assets as per separate balance-sheet .. 13,410,936 12,193,877 issued — Investments, Sinking Fund .. .. 11,748 25,242 At 1J per cent, interest .. .. .. 310,000 13,422,684 At H per cent, interest .. .. 1,415,000 430,000 12,219,119 At 2| per cent, interest .. .. 1,300,000 1,300,000 At 3 per cent, interest .. .. 3,149,372 3,224,372 At 3J per cent, interest .. .. 1,628, 994 500, 000 At 3J per cent, interest .. .. 1,711,755 1,711,755 South Island scheme — At 3f per cent, interest .. .. 170,000 567,290 Assets as per separate balance-sheet .. 7,989,162 7,663,010 At 4 per cent, interest .. .. 1,643,470 1,643,470 Investments, Sinking Fund .. .. 2,888 14,222 At 4J per cent, interest .. .. 2,623,914 2,623,914 • 7,992,050 At 5 per cent, interest .. .. 3,159,228 3,159,228 7,677,232 16,801,733 — 15,470,029 Consolidated Fund — Cobb River scheme .. .. .. .. 464,437 341,979 Interest accrued on loans to 31st March, .. 155,258 316 743 1942 Temporary transfers from other accounts .. .. .. 125,000 Interest reserve, being excess of interest .. 65,847 86,556 Surveys and General .. .. .. .. 20,265 18,963 charged to schemes over interest actually paid on capital liability Carried forward .. .. .. 17,022,838 15,998,328 Carried forward .. .. .. 21,899,436 20,257,293