B—l [PT. IV]

SOUTH ISLAND HYDRO-ELECTRIC-POWER SUPPLY-continued Net Revenue and Appropriation Account

Depreciation Reserve Account

Loan Redemption Fund Account

22

— 1946-47. 1945-46. 1946-47. 1945-46. Replacements, Renewals, Ac. Balance £ 42,954 1,310,741 £ 30,134 1,226,274 Balance from previous year's statement Interest at 4 per cent, per annum .. .. Amount set aside as per Net Revenue and Appropriation Account £ 1,226,274 49,050 78,371 £ 1,175,970 47,03!) 33,309 £1,353,095 £1,256,408 £1,353,695 £1,256, 40 8

— 1946-47. 1945-46. — 1946-47. 1945-46. Interest (gross) for year .. Less interest capitalized Depreciation on completed works .. Loan Redemption Fund Social security charge, national security tax, income-tax £ 373,100 30,344 £ 342,756 78,371 173,742 111,230 £ 353,362 20,200 Balance from Gross Revenue Account .. £ 706,099 £ 647,297 333,162 33,399 137,043 143,693 £706,099 £647,297 £706,099 £647,297 1

-— 1946-47. 1945-46. —- 1946-47. 1945-46. Balance £ 1,323,979 £ 1,150,237 Balance at close of previous year Amount set aside as per Net Revenue and Appropriation Account £ 1,150,237 173,742 £ 1,013,194 137,043 £1,323,979 £1,150,337 £1,323,979 £1,150,237