B—l [Pt. IV]

SOUTH ISLAND HYDRO-ELECTRIC-POWER SUPPLY— continued Balance-sheet at 31st March, 1946, compared with Position at 31st March, 1945

16

— 31/3/46. 31/3/45. 31/3/46. 31/3/45. Liabilities Depreciation Reserve Loan Redemption Fund — Utilized for redemption of loans Available for further redemptions £ 1,013,194 137,043 £ 1,226,274 1,150,237 £ 1,175,970 1,010,981 2,213 Assets Hydro-electric plants — Cobb River Lake Coleridge Waitaki Arnold (Kaimata) Highbank Monowai £ 629,022 859,141 1,978,668 145,922 483,573 208,301 £ £ 618,598 860,016 1,978,718 145,642 208,301 1,013,194 4,304,627 Reserve Fund Sundry creditors 3,811,275 126,385 154,670 Fuel-plants — Stoke Dobson 20,066 136,688 156,754 18,929 136,480 Sundry credit balances Head Office Account 2,765 8,036,658 2,609 7,685,945 155,409 Transmission-lines system Substations Communication system Distribution system Offices, stores, land, buildings, &c. Cost of raising loans Interest during construction — On assets in operation On assets not in operation 612,199 43,888 1,233,743 1,185,109 116,486 978,502 36,779 545,527 656,087 1,252,702 1,148,265 82,462 940,729 24,635 546,379 578,082 57,804 635,886 Works under construction 596,580 820,871 Plant, motor-vehicles, and tools Stocks of materials Sundry debtors 9,810,194 153,360 354,606 224,159 9,418,613 131,330 282,715 199,730 £10,542,319 £10,032,388 £10,542,319 £10,032,388 Contingent Liability Arrears of appropriation to Loan Redemption Fund £176,623 £175,125 1