D.—l

15

TABLE No 6- continued. LAKE COLERIDGE HYDRO-ELECTRIC-POWER SUPPLY— continued. Profit and Loss Appropriation Account.

1920-21. 1921-22. 1920-21. 1921-22. £ s. d. 34,120 14 7 To Balance from previous year's statement .. £ s. d. £ s. d. 30,673 18 4 3,446 16 3 By Balance from Net Bevenue Account 30,673 18 4 Balance to balance-sheet —Accumulated loss £ s. d. 1,498 8 11 29,175 9 5 £34,120 14 7 1 £30,673 18 4 £34,120 14 7 £30,673 18 4 Depreciation Reserve Account. £ s. d. To Amounts written off motor vehicles and tools 44,750 17 9 Balance to balance-sheet .. £ s. d. 427 9 6 54,536 19 0 £ s. d. 35,389 4 2 By Balance from previous year's statement .. 1,415 11 2 Interest at 4 per cent, per annum 7,946 2 5 Amount set aside as per Profit and Loss Account .. £ s. d. 44,750 17 9 1,790 0 9 8,423 10 0 £44,750 17 9 £o4,964 8 6 £44,750 17 9 £54,964 8 6 Note. —The State Supply of Electrical Energy Act provides for the establishment of a sinking fund of 1 per cent, per annum when profits are available for the purpose, and for the payment of arrears of sinking-fund contributions out of any future profits. The arrears of sinking fund (at 4 per cent, interest) since commencement of operations in 1915 total £29,855.