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TABLE NO. 8. IRRIGATION AND WATER-SUPPLY. IDA VALLEY, GALLOWAY FLAT, AND OLRIG TERRACE SCHEME. Profit and Loss Account fob the Year ended 31st March, L 922. Gross Revenue Account. To Management— By Sales of wator-r- £ s. d. Ida Valley section — £s. d. £ s. d. Ida Valley section .. .. 1,905 3 4 Salaries .. .. 57 7 4 Galloway Flat section .. .. 82 12 11 Wages, horse allow- Olrig Terrace section .. .. 43 17 0 ances, and other costs of maintenance .. 995 0 3 1,052 7 7 Galloway Flat section — Salaries .. .. 6 7 1 Wages, horse allowances, and other costs of maintenance .. 116 12 2 122 19 3 Olrig Terrace section— Salaries .. .. 8 18 1 Wages, horse allowances, and other costs of maintenance .. 100 19 4 109 17 5 Office rent .. .. .', 10 0 0 Gross profit in working .. 736 9 0 £2,031 13 3 £2,031 13 3 Net Revenue Account. To Interest on capital outlay— £ s. d. £ s. d. 4 per cent, per annum on £137,426 j By Gross profit on working as per Gross 12s. 2d. (half charged against Revenue Account .. .. 736 9 0 revenue) .. .. .. 2,748 10 7 Net loss for year .. .. .. 3,386 6 11 Amount required as contribution to National Sinking Fund, 1 per cent, on capital outlay .. .. 1,374 5 4 £4,122 15 11 £4,122 15 11 General Balance-sheet at 31st March, 1922. Liabilities. Assets. Public Works Fund — £ s. d. Dams, weirs, water-races, Capital expenditure to &c.— £ s. d. £ a. d. 31st March, 1922 .. .. 148,579 2 7 Ida Valley sectionConsolidated Fund — Proportion Manorburn Maintenance expenditure dam and headraces 46,829 0 0 for year ended 31st £ s. d. Main water-races .. 79,503 17 8 March, 1922. . .. 1,295 4 3 Distribution waterInterest for year ended races .. .. 1,000 0 0 31st March, 1922 .. 5,497 1 3 127,332 17 3 Galloway Flat section— 6,792 5 6 Proportion Manorburn Arrears of sinking-fund con- dam .. .. 5,829 0 0 tribution .. .. .. 1,37454 Dip Creek divertingSundry creditors — weir .. .. 1,095 0 0 Ida Valley section .. .. 1,354 13 11 Main water-races .. 0,509 15 8 'Galloway Flat section '.. .. 1 0 10 13,433 15 8 Olrig Terrace section— Proportion Manorburn dam and waterraces .. .. 6,970 6 0 Main water-races .. 315 8 4 7,2851 4 4 148,052 7 3 Staff accommodation .. .. 1,140 0 0 Telephone system .. .. .. 400 0 0 Stocks of material on hand .. 250 0 0 Interest during'constructinn .. 2,748 10 8 Sundry debtors (sale of water) — 1920-21 and pre- £ s. d. vious years .. 92 10 1 1921-22 .. 2,031 13 3 2,124 3 4 Profit and Loss Account —Net loss 3,386 6 11 £158,101 8 2 £158,101 8 2 Public Works Department, P. S. Waldie, Wellington, 2nd October, 1922. Accountant.