D.—l

11

TABLE No. 6. DEVELOPMENT OF WATER-POWER. STATEMENT OF ACCOUNTS AT THE 31st MARCH, 1922. General Balance-sheet at 31st March, 1922, compared with Position at 31st March, 1921.

1920-21. I Liabilities. 1921-22. 1920-21. Assets. 1921-22. . £ s. d. 405,000 0 0 64,000 0 0 . 56,500 0 0 1,331,010 0 0 Aid to Water-power Works and Electric £ s. d. Supply Accounts — Debentures issued — At 4 per cent, interest .. .. 350,000 0 0 At 4J per cent, interest .. .. 119,000 0 0 Bonds issued (due 1930) at 5 per cent. interest .. .. .. .. 56,150 0 0 N.Z. Consolidated stock — At 5 per cent, interest (due 1930) .. j 1,331,360 0 0 At 6 per cent, interest (due 1936-51) .. 11,076,938 9 3 At 6 per cent, interest (due 1936-51) .. 807,703 17 0 Waihi Gold-mining Company (Limited) — Purchase of Horahora works —Deed of security at 5 per cent, interest £ s. d. £ s. d. Lake Coleridge scheme — 567,704 2 8 Assets as per separate balance-sheet Profit and Loss Account —Accumulated 30,673 18 4 loss to date 598,378 1 0 Waikato Biver schemes — Horahora Assets as per separate £ 8. d. 294,848 8 7 balance-sheet .. 404,933 6 10 Profit and Loss Ac3,741,152 6 3 count — Accumu8,404 3 3 lated loss to date.. 5,882 15 9 212,500 0 0 303,252 11 10 — ■ Arapuni — 3,953,652 6 3 Headworks and sur- £ s. d. 814,050 14 1 29,175 9 5 _l 8- £ s. d. 543,226 3 6 212,500 0 0 410,816 2 7 I. 19,155 3 5 Consolidated Fund — Interest accrued on loans to 31st March, 1922 Interest on Lake Coleridge expenditure to 31st March, 1921 Interest on Waikato expenditure to 31st March, 1921 11,276 0 10 veys .. .. 13,848 13 9 Land at Auckland .. 500 0 0 40,326 12 8 Stocks of materia! for line to Auckland .. 46,353 0 0 Interest during construction. 4j per cent. .. .. 2,706 13 8 1,417 2 3 63,408 7 5 44,750 17 9 7,590 7 4 5,653 4 9 3,673 14 5 Lake Coleridge scheme — Depreciation reserve .. .. .. 54,536 19 0 Sundry creditors .. .. .. 12,148 18 6 Horahora scheme — Depreciation reserve .. .. .. 10,210 10 7 Sundry creditors .. .. .. 7,411611 Mangahao scheme — Sundry creditors Waikarernoana scheme — Sundry creditors .. .. .. I Interest on securities held by Investment Fund 10,210 10 7 7,411 6 11 54,536 19 0 12,148 18 6 11,276 0 10 Mangahao Biver scheme — 5,680 10 4 Land and easements 66,685 17 6 8,408 1 6 Headworks, dams, tunnels, &c. 21,213 1110 Boads, trams, &e. 3,902 13 2 Pipe-lines, &c. 6,919 2 2 Buildings .. 17,621 17 6 3,815 17 0 Power plant and machinery 51,092 8 8 Construction plant, tools, &e. .. 6,635 7 11 10,003 9 7 Workers'accommodation 12,437 8 3 Surveys, engineering, &e. 19,636 10 7 Material on hand 5,014 0 0 .. Interest during construction, 4f per cent. Sundry debtors 143,109 13 1 8,527 11 2 52,676 0 0 39,487 10 8 5,098 16 7 12,611 6 1 2,859 15 4 78,301 16 4 28,151 17 0 23,004 4 4 56,955 14 9 16,929 1 3 <* / *, ££* 1U V j 1 I I I 324,603 13 6 1,544 15 1 6 17 0 Lake Waikarernoana scheme — j Access roads and bridges I Pipelines 9 anfi 17 a Power-house building and machinery z,yut> 1/ 4 <\ Compensation for land | Engineering survey and office expenses .. L Interest during construction, 4f per cent. 32,079 12 3 12,525 5 0 9,544 12 3 5,327 10 0 1,573 19 6 1,515 5 3 2,151,257 6 11 62,566 4 3 .. .' Carried forward 4,089,936 1 10 1,058,923 4 1 Carried forward 1,706,165 6 4 1