B. -1 |Pt. IV, Sup. B].

ELECTRIC SUPPLY ACCOUNT— continued. LAKE COLERIDGE HYDRO-ELECTRIC-POWER SUPPLY— continued. Profit and Loss Appropriation Account.

20

1923-24. I 1922-23. 1923-24. 1922-23. I £ s. d. 29,175 9 5 To Balance from previous year's statement .. j £ s. d. 23,875 16 11 £ s. d. 5,299 12 6 23,875 16 11 By Balance from Net Revenue Account Balance to balance-sheet —Accumulated loss £ s. d. 703 7 4 23,172 9 7 £29,175 9 5 — — i |j j £23,875 16 11 £29,175 9 5 £23,875 16 11 i £29,175 9 5 £23,875 16 11 Depreciation Reserve Account. £ s. d. i To amounts written off— Motor vehicles and tools 4,750 0 0 Transmission-line reconstruction Powerhouse turbines (renewals) Feeder mains (renewals) 61,275 8 7 Balance to balance-sheet . .. £ s. d. £ s. d. 54,536 19 0 2,409 8 11 \ 2,181 9 7 9,307 0 0 307 0 0 1,000 0 0 ! 72.593 19 8 By Balance from previous year's statement Interest at 4 per cent, per annum Amount set aside as per Net Revenue Account £ s. d. 61,275 8 7 2,451 0 0 12,584 0 0 £66,025 8 7 £76,310 8 7 £66,025 8 7 £76,310 8 7 £66,025 8 7 £76,310 8 7 Note. The State Supply of Electrical Energ}' Act, 1917, provides for the establishment of a sinking fund of 1 per cent, per annum when profits are available for the purpose, and for the pavment 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 £47,756.