D.—l

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

8

1941-42. 1940-41. 1941-42. 1940-41. Liabilities. £ £ £ Assets. £ £ £ Depreciation Reserve .. .. . ■ •• 831,583 813,288 Hydro-electric plants — Sinking Fund— — Lake Coleridge .. .. .. .. 868,553 865,215 Utilized for redemption of loans .. .. 541,026 403,406 Lake Waitaki .. .. .. .. 1,975, /88 1,909,802 Available for further redemptions .. 173,438 _ 140,450 Kaimata .. .. .. .. 147,730 146,440 — . 714,464 Monowai .. .. .. .. 205,617 202,882 543,856 3J97 X 688 3,124,339 Fuel-plants — — Reserve Fund .. .. .. .. 86,766 86,766 Dobson .. .. . . .. .. 135,361 133,220 Transmission-lines system .. .. .. .. 1,010,578 1,027,863 Substations .. .. .. .. .. 780,328 721,510 Sundry creditors .. .. .. •• •• 74,833 72,368 Communication system .. .. .. .. 81,417 73,017 Distribution system .. .. .. .. 885,115 872,193 Offices, stores, land, buildings, &c .. .. .. 21,684 21,671 Sundry credit balances .. .. .. •• 1,446 1,778 Cost of raising loans .. • . -. .. o40,495 o32,492 Head Office Account .. .. •• 6,282,958 6,159,177 Interest during construction — On assets in operation .. .. .. 490,217 482,275 On assets not in operation .. 9,216 7,344 — 499,433 — — 489,619 Works under construction .. .. .. .. 421,379 293,129 7,573,478 7,289,053 Plant, motor-vehicles, and tools .. .. .. 107,922 110,852 Stocks of materials .. .. .. .. 158,758 126,093 - Sundry debtors .. .. .. .. .. 149,004 137,012 Sinking Fund investments .. .. .. .. 2,888 14,223 £7,992,050 £7,677,233 ' £7,992,050 £7,677,233 Contingent Liability. ' ~ Arrears of appropriation to Sinking Fund .. £138,029 £214,654