B—l [FT. IV]

ELECTRIC SUPPLY ACCOUNT-STATEMENT OF ACCOUNTS AT 31st MARCH, 1950 Profit and Loss Account for the Year Ended 31st March, 1950, Compared With Year Ended 31st March, 1949 Gross Revenue Account

11

Dr. 1949-50. 1948-49. Cr. 1949-50. 1948-49. Generating-expenses— £ £ £ Sales of electrical energy— £ £ £ £ Hydro-electric— Bulk for resale .. .. .. 3,515,381 .. 3,222,900 Arapuni .. .. .. .. 52,321 44,615 Other than for resale — Karapiro .. .. .. .. 21,836 17,483 Traction .. .. 51,033 64,783 Waikaremoana (Tuai) .. .. 44,490 41,373 Industrial .. .. 141,863 161,832 Waikaremoana (Piripaua) .. .. 8,884 10,243 Retail.. .. .. 188,322 169,138 Waikaremoana (Kaitawa) .. .. 9,887 7,149 381,218 Mangahao .. .. .. .. 23,619 18,754 3,896,599 3,608,653 Cobb River .. .. .. .. 23,908 21,092 Lake Coleridge .. .. .. 26,389 22,600 Rents — Waitaki .. .. .. .. 21,682 15,956 Land and buildings .. .. 30,290 29,746 Arnold .. .. .. .. 8,640 3,305 Lines and plant .. .. .. 680 1,089 Highbank .. .. .. .. 22,217 17,570 30,970 Monowai .. .. .. .. 14,790 12,196 30,835 278,663 232, 336 Miscellaneous revenue .. .. .. 23,989 21,917 . Fuel — King's Wharf .. .. .. 223,297 173,250 Penrose .. .. .. .. 3,364 11,968 Stoke .. .. .. 5,565 1,214 Dobson .. .. .. .. 13,168 13,631 245,394 200,063 Purchase of power in bulk .. .. .. 334,431 460,215 Standby charges .. .. .. .. 39,084 38,725 897,572 931,339 Transmission system : Patrol and maintenance .. 121, 951 95,124 Substations: Operation and maintenance .. .. 173,969 149,395 Communications system: Patrol and .. 21,306 24,338 maintenance Distribution system: Maintenance.. .. .. 54,683 48,282 System operation, testing, &c. .. .. .. 82,643 66,615 Administration costs and expenses .. .. .. 473,553 394,281 1,825,677 1,709,374 Balance, to Net Revenue and Appropriation .. 2,125,881 " 1,952,031 Account ) £3,951,558 j £3,661,405 | | i £3,951,558 | £3,661,405