ELECTRIC SUPPLY ACCOUNT.—STATEMENT OF ACCOUNTS AT THE 31st MARCH, 1947 General Balance-sheet at 31st March, 1947, compared with Position at 31st March, 1946

B—l [Pt. IV]

E. Percy, A.R.A.N.Z., Chief Accountant, State Hydro-electric Department. 1 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.— Sd. C. J. M. Gair, Deputy Controller and Auditor-General.

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Liabilities. 31/3/47. 31/3/46. Assets. 31/3/47. 31/3/46. National Development Loans Account — At 4 per cent, interest Interest reserve, being excess of interest charged to schemes over interest actually paid on capital liability £ £ 27,945,630 60,997 £ 24,082,673 60,997 North Island scheme — Assets as per separate balance-sheet Net Revenue and Appropriation Account .. £ 24,678,107 167,606 £ 24,845,713 £ 20,766,342 91,652 20,857,994 Sundry creditors — North Island scheme South Island scheme Surveys and General 597,544 174,615 273,590 1,045,749 434,682 126,385 South Island scheme — Assets as per separate balance-sheet 11,341,943 10,542,319 Depreciation Reserve — North Island scheme South Island scheme 561,067 Surveys and General 93,957 31,962 2,729,718 1,310,741 4,040,459 2,382,622 1,226,274 Loan Redemption Fund — Amount utilized for redemption of loans Available for further redemptions 3,608,896 Balance in Electric Supply Account at the end of year — Cash in Public Account Imprests outstanding .. .. 3,175,282 173,742 3,349,024 3,038,239 137,043 136,437 27,216 59,640 3,175,282 163,653 Reserve Fund — North Island scheme South Island scheme Sundry credit balances '3,407 "3,000 Totals £36,445,266 £31,491,915 Totals £36,445,266 £31,491,915 Contingent Liability Arrears of appropriation to Loan Redemption Fund £840,676 £553,155