B.— 1* [PT. IV]

NORTH ISLAND HYDRO-ELECTRIC-POWER SUPPLY— continued Balance-sheet at 31st March, 1943, compared with position at 31st March, 1942

8

I I ' j 1942-43. | 1941-42. 1942-43. 1941-42. ' ; ~ ; 7 ' 7 : — - | ~ ' I i - Liabilities £ £ £ Assets £ £ \ £ Depreciation Reserve .. .. -• 1,468,567 1,223,424 Hydro-electric plants — Arapuni .. .. .. .. 2,732,390 2,714,681 Sinking Fund Horahora .. .. .. .. 327,215 327,275 Utilized for redemption of loans 1,486,902 1,297,152 Mangahao .. .. .. .. 1,366,245 1,368,241 Available for further redemptions .. 197,750 189,810 Waikaremoana .. .. •• /88, 8/9 780,840 1,684,652 Waikaremoana Lower Development .. 918,364 1,486,962 6,133,093 5,191,037 Reserve Fund .. .. •• 301,015 393,329 Fuel-plants — Sundry creditors .. .. • • - • 166,390 187,3oo Penrose .. .. .. .. 65,431 65,431 Sundry credit balances .. .. •• 339 454 Huntly .. .. .. .. 11,264 11,264 Head Office Account .. .. .. •• 10,944,511 10,131,160 King's Wharf .. .. .. 406,589 483,284 76,695 Transmission-lines system .. .. .. 2,384,637 2,362,498 Substations .. .. .. .. .. 1,819,410 1,529,734 Communication system.. .. .. .. 202,526 181,158 Distribution system .. .. .. .. 58,268 56,687 Offices, stores, land, buildings, &c. .. . 74,597 74,826 Cost of raising loans .. .. .. .. j 333,096 333,096 Interest during construction — On assets in operation .. .. 1,117, 208 1.000, 650 On assets not in operation .. .. 26,871 79,970 1,144,079 — 1,080,620 Works under construction .. .. .. 1,069,378 1,809,206 13,702,368 12,695,557 Plant, motor-vehicles, and tools .. .. .. 67,614 65,333 Stocks of materials .. .. .. .. 374,147 305,422 Sundry debtors .. .. .. 421,247 344,583 Sinking Fund investments .. .. .. 98 11,789 £14,565,474 £13,422,684 £14,565,474 £13,422,684