8.-l [Pt. 111, Sup.].

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.

8

1920-21. Liabilities. 1921-22. 1920-21. | Assets. 1921-22. £ s. d. 405,000 0 0 64,000 0 0 Aid to Water-power Works and Electric Supply Accounts — Debentures issued — At 4 per cent, interest At 4J per cent, interest Bonds issued (due 1930) at 5 per cent. interest N.Z. Consolidated stock — At 5 per cent, interest (due 1930) At 6 per cent, interest (due 1936-51) .. At 6 per cent, interest (due 1936-51) .. £ s. d. 350,000 0 0 119,000 0 0 56,150 0 0 1,331,360 0 0 1,076,938 9 3 | 807,703 17 0 | 3,' £ s. d. £ s. d. Lake Coleridge scheme — 567, 704 2 8 Assets as per separate balance-sheet Profit and Loss Account —Accumulated 1 30,673 18 4 loss to date 598,378 1 0 | Waikato River schemes — Horahora Assets as per separate £ 8. d. 294,848 8 7 balance-sheet .. 404,933 6 10 Profit and Loss Ac,741,152 6 3 count — ■ Accumu8,404 3 3 lated loss to date.. 5,882 15 9 !! £ s. d. 814,050 14 1 29,175 9 5 £ s. d. 843,226 3 6 56,500 0 0 1,331,010 0 0 Waihi Gold-mining Company (Limited) — Purchase of Horahora works —Deed of security at 5 per cent, interest •• 3,! 212,500 0 0 l 303,252 11 10 ■ Arapuni — ,953,652 6 3 | Headworks and sur11,276 0 10 veys .. .. 13,848 13 9 Land at Auckland .. 500 0 0 40,326 12 8 Stocks of material for line to Auckland .. 46,353 0 0 Interest during construction, 4J per cent. .. .. 2,706 13 8 410,816 2 7 212,500 0 0 '• 212,500 0 0 3,953,652 6 3 j 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 i 40,326 12 8 19,165 3 5 i 1,417 2 3 Lake Coleridge scheme — Depreciation reserve Sundry creditors ; 63,408 7 5 44,750 17 9 7,590 7 4 54,536 19 0 12,148 18 6 54,536 19 0 12,148 18 6 10,210 10 7 7,411 6 11 11,276 0 10 | I — Mangahao River scheme — 5,680 10 4 Land and easements 66,685 17 6 8,408 1 6 Headworks, dams, tunnels, &c. 21,213 1110 Roads, trams, &c. 3,902 13 2 Pipe-lines, &c. 6,919 2 2 Buildings 17,62117 6 3,815 17 0 Power plant and machinery .. 51,092 8 8 Construction plant, tools, &c. .. 6,635 7 11 10,003 9 7 Workers'accommodation 12,437 8 3 Surveys, engineering, &c. 19,636 10 7 Material on hand 5,014 0 0 .. Interest during construction, 4f per cent. 11,276 0 10 —. 8,527 11 2 i 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 3 474,224 10 0 39,1 fifiS 15 ft 5,653 4 9 3,673 14 5 Horahora scheme — Depreciation reserve Sundry creditors i 10,210 10 7 7,411 6 11 66,685 17 6 17,621 17 6 5,680 10 4 8,408 1 6 21,213 11 10 3,902 13 2 6,919 2 2 3,815 17 0 51,092 8 8 10,003 9 7 12,437 8 3 19,636 10 7 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 Mangahao scheme — Sundry creditors .. .. I 6,635 7 11 jl Waikaremoana scheme — Sundry creditors .. .. .. I I 5,014 0 0 I 324,603 13 6 1,544 15 1 6 17 0 Interest on securities held by Investment Fund — — Sundry debtors 143,109 13 1 I 143,109 13 1 324,603 13 6 1,544 15 1 2,151,257 6 11 Lake Waikaremoana scheme — f Access roads and bridges .. .. -1 | Pipe-lines .. .. .. .. i 2 906 17 4 J P° wer h° use building and machinery ' i Compensation for land Engineering survey and office expenses .. [_ Interest during construction, 4J per cent. 2,906 17 4 : 32,079 12 3 12,525 5 0 9,544 12 3 5,327 10 0 1,573 19 6 1,515 5 3 32,079 12 3 12,525 5 0 9,544 12 3 5,327 10 0 1,573 19 6 1,515 5 3 62,566 4 3 Carried forward ,566 4 3 t 4,089,936 1 10 4, ,089,936 1 10 1,058,923 4 1 Carried forward 1 1,706,165 6 4 " 1,058,923 4 1 1,706,165 6 4 1