D.—l.

£ s Distribution- £ s. d. Salaries .. .. .. .. .. .. 71 13 4 Wages .. .. .. .. .. .. 374 Supplies ............ 18 14 4 Transport, including upkeep of motor lorry and car .. 352 7 5 Repairs to feeder cables .. .. .. .. 288 13 11 - 734 16 4 Temporary supply cable from Christchurch Tramway Powerstation to city.. .. .. .. .. .. .. 41 9 4 Management and general expenses— Salaries .. .. .. .. .. .'. 1,255 6*B Wages ............ 19 13 4 Travelling-expenses .. .. .. .. .. 153 8 4 Office rent .. .. .. .. .. .. 150 0 0 Postages and telegiams .. .. .. .. 92 0 8 Telephone subscriptions .. .. .. , 58 17 9 Printing and stationery .. .. .. .. 152 11 2 Advertising .. .. .. .. .. .. 31 8 5 Accident insurance .. .. .. .. .. 137 17 2 Fire insurance .. .. .. .. .. 12 16 6 Legal expenses .. .. .. .. .. 313 3 Meter-reading .. .. .. .. .. .. 10 13 4 Commission on collection of accounts .. .. .. 3 14 11 Electrical testing .. .. .. .. .. 15 3 2 Miscellaneous trade expenses .. .. .. ..2977 2,126 12 3 £9,383 9 0 ' - £9,383 9 0 Net Revenue Account. £ s. d. £ s. d. To Balance from Gross Revenue Account .. .. .. .. .. 865 48 By Balance to Profit and Loss Appropriation Account .. .. .. .. 17,649 8 5 Depreciation at 2 per cent, per annum on completed work .. .. .. 5,386 5 7 Interest at 4 per cent, per annum .. .. .. .. .. 11,397 18 2 | £17,649 8 5 £17,649 8 5 Profit and Loss Appropriation Account. £ s. d. £ ». d. March 31. 1915. To Balance from Net Revenue Account .. .. .. 922 12 9Bv Balance to balance-sheet. .. .. .. .. .. .. 18,572 1 2 „ 31,1916 „ „ ...... 17,649 8 5 £18,572 1 2 £18,572 I 2 Note.—Electric undertakings of this nature cannot be expected to pay before the scheme can be brought into full operation, but a reference to Appendix D will show that when and so soon as the power under the contracts already entered into is supplied the revenue will be sufficient to pay working-expenses and interest on the outlay.

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