B—l [PT. IV]

ELECTRIC SUPPLY ACCOUNT—STATEMENT OF ACCOUNTS AT 31st MARCH, 1950—continued General Balance-sheet at 31st March, 1950, Compared With Position at 31st March, 1949

14

nubilities. 31/3/50. 31/3/49. | Assets 1 31/3/50. | 31/3/49. Capital liability : National Development Loans Account at 3£ per cent, interest £ £ 43,974,085 £ 38,080,487 Operating capital — Hydro-electric plants Arapuni Karapiro Lake Taupo Control Waikaremoana (Tuai) Waikaremoana (Piripaua) Waikaremoana (Kaitawa) Mangahao Cobb River Lake Coleridge .. Waitaki Arnold Highbank Lake Pukaki Control Monowai | £ 3,077,063 4,107,822 195,045 994,302 1,062,166 1,825,498 1,373,484 659,506 936,288 2,179,513 147,675 617,945 480,245 208,004 £ £ 3,069,442 4,086,135 195,091 980,489 1,057,969 1,778,368 1,373,011 640,470 949,703 2,177,884 147,663 513,768 480,245 207,698 Current and accrued liabilities — Sundry creditors Sundry credit balances 967,391 5,274 972,665 910,665 4,047 914,712 Reserves — Depreciation Reserve Loan Redemption Fund — Used for redemption of loans Available for further redemption 3,896,827 309,382 4,876,523 4,206,209 221,720 144,681 4,466,848 3,896,827 176,231 11,148 Taxation Reserve General Reserve 17,864,556 17,657,936 342,586 66,522 24,465 169,851 9,449,133 8,551,054 1 Fuel Plants — King's Wharf Penrose Stoke Dobson 356,868 66,438 39,508 172,673 635,487 603,424 Transmission system Substations Communication system Distribution system Offices, stores, land, and buildings Cost of raising loans Interest during construction on assets in operation 5,020,320 4,694,141 530,582 1,210,859 344,726 '875,154 2,377,211 4,949,306 4,592,603 460,773 1,173,966 326,294 875,909 2,365,616 I Works und'er construction — Hydro-electric plants— Maraetai .. .. .. Whakamara .. .. Cobb River Lake Tekapo Lake Pukaki Control Roxburgh Transmission lines Substations Other works .. .. .. 6,191,233 263,434 852,384 2,165,521 1,182,922 735,230 1,983,050 2,446,646 145,480 33,553,036 15,965,900 33,005,827 10, 726, 30 4