B—l [Pt. IV

Depreciation Reserve Account

Net Revenue and Appropriation Account

Loan Redemption Fund Account

19

1946-47. 1945-46. 1946-47. 1945-46. £ £ £ £ £ Balance .. .. .. .. 91,652 .. Balance from Gross Revenue Account .. .. .. 873,093 964,510 Interest (gross) for year .. .. .. 788,132 660,208 Balance .. .. .. .. .. .. 167,606 91,652 Less interest capitalized .. .. .. 247,085 144,794 541,047 515,414 Depreciation on completed works .. .. .. 275,376 260,767 Loan Redemption Fund Social security charge, national security tax, .. 132,624 279,981 income-tax £1,040,699 £1,056,162 £1,040,699 £1,056,162

— 1946-47. 1945-46. 1 1946-47. 1945-46. Replacements, renewals, &c. Balance £ 23,584 2,729,718 £ 30,561 2,382,622 Balance from previous year's statement Interest at 4 per cent, per annum Amount set aside as per Net Revenue and Appropriation Account £ 2,382,622 95,304 275,376 £ 2,069,631 82,785 260,767 £2,753,302 £2,413,183 £2,753,302 £2,413,183

— 1946-47. 1945-46. 1946-47. 1945-46. Balance £ 2,025,045 £ 2,025,045 Balance at close of previous year .. .. Amount set aside as per Net Revenue and Appropriation Account £ 2,025,045 £ 2,025,045 £2,025,045 £2,025,045 £2,025,045 £2,025,045