B—l [Pt. IV]

E. Percy, A.R.A.N.Z., Chief Accountant, State Hydro-electric Department. I hereby certify that the Gross Revenue and Net Revenue and Appropriation Accounts and the General Balance-sheet have been duly compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby.—J. P. Rutherford, Controller and Auditor- General.

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Works under construction — Hydro-electric plants — Karapiro No. 3 Unit .. Waikaremoana (Kaitawa) Maraetai Cobb River.. Waitaki No. 5 Unit Lake Tekapo Lake Pukaki Control Roxburgh Transmission lines Substations Other works 375,556 1,715,170 2,986,259 298,866 128,582 1,066,355 552,858 103,553 1,021,998 1,407,487 208,031 9,864,715 545,068 229,784 9,196,642 564,544 93,957 Interest capitalized on works under construction Surveys and investigations of other schemes Current and accrued assets — Plant, motor-vehicles, and tools Stocks of materials Sundry debtors Cash in Public Account I imprest outstanding 538,778 1,018,120 941,330 483,504 124,601 39,051,830 3,106,333 34,067 ,282 377,336 935,495 733,894 136,437 27,216 Net Revenue and Appropriation Account (North Island) 167,606 £42,158,163 £36,445,266 £42,158,163 £36,445,266 Contingent liability : Arrears of appropriation to Loan. Redemption Fund £ 1,166,804 £ 840,676