B—l [PT. IV]

ELECTRIC SUPPLY ACCOUNT— STATEMENT OF ACCOUNTS AT 31st MARCH, 1949-continued General Balance-sheet at 31st March, 1949, Compared With Position at 31st March, 1948

12

Liabilities 31/3/49. | 31/3/48. Assets 31/3/49. | 31/3/48. Capital liability : National Development Loans Account at. 3J per cent, interest Current and accrued liabilities — Interest Sundry creditors .. ... '. Sundry credit balances £ 9io, 665 4,047 £ 38,080,487 914,712 £ 33,271,888 318,103 923,186 9,973 Operating capital — Hydro-electric plants — Arapuni Ivarapiro Lake Taupo Control Waikaremoana (Tuai) Waikaremoana (Piripaua) Waikaremoana (Kaitawa) .. • Mangahao Cobb River Lake Coleridge Waitaki Arnold Highbank Lake Pukaki Control Monowai £ 3,069,442 4,086,135 195,091 980,489 1,057,969 £ 1 £ 1 3,032,453 3,700,433 186,683 968,910 1,044,175 1,251,264 1,778,368 1,373,011 1,372,777 Reserves — Depreciation Reserve Loans Redemption FundUsed for redemption of loans Available for further redemption 3,540,426 356,401 4,466,848 3,896,827 4,094,585 3,349,024 191,402 640,470 949,703 2,177,884 147,663 513,768 480,245 638,603 859,166 1,980,671 147,601 508,310 3,540,426 207,698 17,657,936 207,283 14,647,065 341,476 Taxation Reserve General Reserve .. .. )'* \ [ 176,231 11,148 Fuel plants — King's Wharf Penrose Huntly Stoke .. .. .. .. Dobson 342,586 8,551,054 7,635,011 66,522 24,465 169,851 603,424 66,522 11,264 20,046 176,865 616,173 * - Transmission system Substations .. . .. • Communication •system Distribution system Offices, stores, land, and buildings Cost of raising loans .. .. Interest during construction on assets in operation 4,949,306 4,592,603 460,773 1,173,966 326,294 875,909 2,365,616 4,096,666 4,254,694 426,823 1,126 306 261,326 876,346 2,106,864 Works under construction — Hydro-electric plants — Maraetai Whakamaru Cobb River .. Lake Tekapo Lake Pukaki Control Transmission lines Substations Other works 4,527,403 158,638 472,222 1,544,071 621,471 208,202 1.199,650 1,853,587 141,060 33,005,827 10,726,304 546,777 209,112 28,412,263 9,864,715 545,068 229,784 Interest capitalized on works under con-, struction Surveys and investigations of other schemes '' I 44,488,020 39,051,830