B.—l [Pt. IV]
ELECTRIC SUPPLY ACCOUNT.—STATEMENT OF ACCOUNTS AT THE 31st MARCH, 1944 General Balance-sheet at 31st March, 1944, compared with Position at 31st March, 1943
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Liabilities. 1943-44. 1942-43. Assets. 1943-44. 1942-43. £ £ £ £ £ £ National Development Loans Account — i North Island scheme — At 4 per cent, interest .. .. .. 19,040 ,114 17,624,601 Assets as per separate balance-sheet .. 15,764:, 252 14,565,376 \ Investments, Sinking Fund .... .. 98 Consolidated Fund —- ■ ! 15,764,252 - Interest accrued on loans to 31st March, .. 144,454 j 14,565,474 1940 — Interest reserve, being excess of interest .. 58,242 58,479 charged to schemes over interest actually jj South Island scheme — paid on capital liability ! Assets as per separate balance-sheet .. 8,406,238 8,167,458 Investments, Sinking Fund .... .. 91 Sundry creditors — 8,406,238 North Island scheme .. .. 192,645 166,390 8,167,549 South Island scheme .. .. 57,309 99,190 249,954 — j 265,580 Cobb River scheme .. .. .. .. 854,606 580,559 Depreciation Reserve —- North Island scheme .. .. 1,761,024 1,468,567 South Island scheme .. .. 991,178 942,121 Surveys and General .. .. .. .. 21,579 21,129 2,752,202 2,410,688 Loan Redemption Fund — Amount utilized for redemption of loans 2,440,767 2,201,311 Balance in Electric Supply Account at the Available for farther redemptions .. 462,934 239,456 end of year — —- ——- — 2,903,701 — Cash in Public Account .. .. 36,965 3 2,440,767 \ Imprests outstanding .. .. 22,393 ; 59,358 — Reserve Fund — 3 North Island scheme .. .. 98,532 301,015 \ South Island scheme.. .. .. .. 86,766 98,532 387,781 Sundry credit balances.. .. .. .. 3,258 2,364 Total .. .. .. .. £25,106,033 £23,334,714 Totals .. .. .. .. £25,106,033 £23,334,714 Contingent Liability Arrears of appropriation to Loan Redemp- £52,907 £199,902 tion Fund [ J. W. Scott, A.R.A.N.Z., Chief Accountant, Public Works Department. I hereby certify that the General Balance-sheet has been duly compared with the relative books and documents submitted for audit, and correctly states the position as disclosed thereby. —Cyril G. Collins, Controller and Auditor-General.