B—l [PT. IV]

NORTH ISLAND HYDRO-ELECTRIC-POWER SUPPLY— continued Balance-sheet at 31st March, 1947, compared with Position at 31st March, 1946

20

— 31/3/47. 31/3/46. 31/3/47. 31/3/46. Liabilities Depreciation Reserve Loan Redemption Fund — Utilized for redemption of loans Available for further redemptions £ £ 2,729,718 2,025,045 £ 2,382,622 2,025,045 Assets Hydro-electric plants — Arapuni Horahora Mangahao Waikaremoana (Tuai) Waikaremoana (Piripaua) £ 3,163,115 327,040 1,372,653 961,621 1,040,443 £ 6,864,872 £ 3,016,072 327,018 1,374,050 927,580 1,032,437 6,677,157 Reserve Fund Sundry creditors Sundry credit balances Head Office Account 597,544 412 19,325,388 434,682 235 15,923,758 Fuel-plants — King's Wharf Penrose Huntly 345,499 66,522 11,264 423,285 339,645 66,522 11,264 417,431 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 1,180,273 491,006 2,706,304 2,927,018 230,914 70,942 212,983 332,480 1,671,279 2,603,997 2,525,368 225,351 71,425 185,089 332,533 1,145,918 278,487 1,424,405 Works under construction 8,047,317 5,225,281 Plant, motor-vehicles, and tools Stocks of materials Sundry debtors 23,487,394 209,698 521,402 459,613 19,688,037 122,722 462,091 493,492 (£24,678,107 £20,766,342 £24,678,107 £20,766,342 Contigent Liability Arrears of Appropriation to Loan Redemption Fund j £692,408 £376,532