B.—l [Pt. IV]

NORTH ISLAND HYDRO-ELECTRIC-POWER SUPPLY— continued Depreciation Reserve Account

7

1942-43. 1941-42. | 1942-43. 1941-42. £ £ £ £ To Replacements, Renewals, &e. .. .. .. 33,572 3,823 By Balance from previous year's statement .. .. 1,223,424 1,112,633 Balance .. .. .. .. .. 1,468,567 1,223,424 Interest at 4 per cent, per annum .. .. .. 48,937 44,505 Amount set aside as per Net Revenue and Appropriation 229,778 70,109 Account £1,502,139 £1,227,247 \ £1,502,139 £1,227,247 Sinking Fund Account £ £ ! £ i To Balance.. .. .. .. .. .. 1,684,652 1,486,962 By Balance at close of previous year .. .. .. 1,486,962 1,308,951 Interest.. .. .. .. .. .. 38 Dr. 9 Amount set aside as per Net Revenue and Appropriation 197,652 178,020 Account £1,684,652 £1,486,962 £1,684,652 £1,486,962 Reserve Fund Account £ £ ' £ £ To Net Revenue and Appropriation Account .. .. 92,314 .. By Balance at close of previous year .. .. .. 393,329 303,958 Balance .. .. .. .. .. j 301,015 393,329 Amount set aside as per Net Revenue and Appropriation ! .. 89,371 Account £393,329 £393,329 £393,329 £393,329