B—l [Pt. IV]

ELECTRIC SUPPLY ACCOUNT—STATEMENT OF ACCOUNTS AT 31st MARCH, 1949 Profit and Loss Account for the Year Ended 31st March, 1949, Compared With Year Ended 31st March, 1948 Gross Revenue Account

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Dr. | 1 948-49. 1947-48. Cr. 1948-49. 1947-48. (J enerating-expenses — £ £ £ Sales of electrical energy — £ £ £ Hydro-electric — Bulk for resale .. .. .. 3,222,900 2,848,883 Arapuni .. .. .. 44,615 38,088 Other than for resale — Karapiro .. .. .. •• 17,483 12,832 Traction .. .. 54,783 53,471 Horahora .. .. .. . . ■ • 6,318 Industrial .. .. 161,832 157,853 Waikaremoana (Tuai) .. .. 41,373 26,271 Retail .. .. 169,138 150,221 Waikaremoana (Piripaua) .. .. 10,243 5,752 38.), io3 Waikaremoana (Kaitawa) .. . . 7,149 .. . . 3,608,653 3,210,4*8 Mangahao .. .. .. .. 18,754 15,166 Rents — Cobb River . . .. .. .. 21,092 38,152 Land and buildings .. .. 29, <46 2/ ,491 Lake Coleridge .. .. .. 22,600 20,265 Lines and plant .. .. .. 1,089 _ 1,286 Waitaki . . . . . . . . 15,956 13,$35 30,835 - - Arnold .. .. .. .. 3,305 3,356 . 28,777 Highbanli .. .. .. .. 17,570 7,160 Monowal .. .. 12,196 11,251 Miscellaneous revenue .. .. .. 21,917 19,197 ~— 232,336 197,946 Fuel — „ " King's Wharf ... .. .. 173,250 171,780 Penrose .. .. .. . . 11,968 22,517 Huntlv .. .. • ■ • ■ • • 26 8 Stoke 1,214 4,892 Dobson .. .. .. .. 13,631 25,940 200,063 — — 225,397 Purchase of power in bulk .. .. .. 460,215 348,854 Standby charges .. .. .. .. 38,725 34,517 931,339 806,714 Transmission system: Patrol and maintenance .. 95,124 76,961 Substations: Operation and maintenance .. .. ] 49,395 128,149 Communications system: Patrol and main- .. 24,338 15,568 tenance Distribution: Maintenance .. .. .. 48,282 33,727 System operation, testing, &c. .. . . .. 66,615 55,700 Administration costs and expenses .. .. 394,281 342,502 1,709,374 1,459,321 Balance, to Net Revenue and Appropriation 1,952,031 1,799,081 £3,661,405 £3,258,402 j £3,661,405 £3,258,402