D.—l

NORTH ISLAND HYDRO-ELECTRIC-POWER SUPPLY— continued. Balance-sheet at 31st March, 1942, compared with position at 31st March, 1941.

3-D. 1

5

| 1941-42. | 1940-41. 1941-42. 1940-41. Liabilities. £ £ £ Assets. £ £ £ Depreciation Reserve .. .. .. .. 1,223,424 1,112,633 Hydro-electric plants — Arapuni .. .. .. .. 2,714,681 2,645,343 Sinking Fund — Horahora .. .. .. .. 327,275 327,381 Utilized for redemption of loans .. 1,297,152 .. 1,134,772 Mangahao .. .. .. .. 1,368,241 1,365,098 Available for further redemptions .. ! 189,810 1,486,962 174,179 Waikaremoana .. .. .. 780,840 713,524 5,191,037 1,308,951 5,051,346 Reserve Fund .. .. .. .. 393,329 303,958 Fuel-plants — Sundry creditors .. .. .. .. 187,355 201,053 Penrose .. .. .. .. 65,431 65,432 Sundry credit balances .. .. .. 454 544 Huntly .. .. .. .. 11,264 • 11,264 Head Office Account .. .. .. .. 10,131,160 9,291,980 76,695 76,696 Transmission-lines system .. .. .. 2,362,498 1,747 ,813 Substations .. .. .. .. .. 1,529,734 1,386,362 Communication system.. .. .. .. 181,158 171,635 Distribution system .. .. .. .. 56,687 56,664 Offices, stores, land, buildings, &c. .. .. 74,826 71,325 Cost of raising loans .. .. .. .. 333,096 307,479 Interest during construction — On assets in operation .. .. 1,000,650 973,708 On assets not in operation .. .. 79,970 51,120 1,080,620 — — 1,024,828 Works under construction .. .. .. 1,809,206 1,667,557 12,695,557 11,561,705 Plant, motor-vehicles, and tools .. .. .. 65,333 66,416 Stocks of materials .. .. .. .. 305,422 245,917 Sundry debtors .. .. .. .. 344,624 319,839 Sinking Fund investments .. .. .. 11,748 25,242 • £13,422,684 £12,219,119 £.13,422,681 £12,219,119 rT: r VD H '-'J-'-' 7/' ] ■'L-jJi -:~:i i A*