D.—l.

Balance-sheet at 31st March, 1926.

TABLE No. 6— continued. WAIKAREMO AN A ELECTRIC-POWER SUPPLY. Profit and Loss Account for Year ended 31st March, 1926.

15

1924-25. | 1925-26. 1924-25. | 1925-26 £ s. d. £ s. d. £ s. d. £ s - 4,261 1 0 To Interest on capital .. .. .. .. .. 4,388 4 0 2,440 5 8 By Rental of plant and land leased to Wairoa Power Board .. 1,900 13 7 Departmental expenses .. .. .. .. 13 0 0 3,295 12 4 Loss for year.. .. .. .. •• •• 4,048 2 3 Depreciation on plant (2 per cent, on value of assets in 1,418 10 0 operation at close of year) .. .. .. .. 1,432 6 0 56 7 0 Interest on Depreciation Reserve (4 per cent, on £2,883 8s.) .. 115 6 0 £5,735 18 0 £5,948 16 0 £5,735 18 0 £5,948 16 0 3,295 12 4 Loss for year, as above .. .. .. .. .. 4,048 2 5 7,159 16 4 Accumulated loss to date carried to balance-sheet.. .. 11,207 18 9 3,864 4 0 Loss carried forward at 1st April, 1925 .. .. .. 7,159 16 4 £7,159 16 4 £11,207 18 9 £7,159 16 4 £11,207 18 9 Depreciation Reserve. £ S. d. £ s. d. ! £ s. d. £ s. d. 2,883 8 0 Balance carried to balance-sheet .. .. .. .. 4,431 0 0 ! 1,408 11 0 By Balance at close of previous year ... .. •• 2,883 8 0 56 7 0 Interest .. .. •• •• •• 1J5 6 0 1,418 10 0 Amount reserved for year .. ... .. •• 1,432 6 0 £2,883 8 0 £4,431 0 0 £2,883 8 0 £4,431 0 0

1924-25. I Liabilities. 1925-26. ! 1924-25. j Assets. 1925-26. £ s. d. £ g. d. £ s. d. £ s. d. 82,455 5 9 Balance carried to general balance-sheet .. .. .. 87.663 3 3 11,431 10 10 Access roads and bridges .. .. .. •• •• 11,431 10 10 Sundry creditors .. .. .. .. .. 291 8 8 18,478 6 2 Pipe-lines .. .. .. .. •• •• 19,045 2 7 2,883 8 0 Depreciation reserve .. .. .. .. .. 4,431 0 0 25,905 18 5 Power-house building and machinery .. .. •• 25,545 12 10 6,625 1 11 Compensation for land .. .. .. .. 6,625 1 11 278 17 3 Headworks .. .. .. •. • • • • 278 17 3 3,053 0 9 Staff cottages .. .. .. •• •• - • 3,083 1 4 1,260 1 5 | Workmen's huts .. -. •• -• •• 1,260 1 5 436 17 11 I Workshop .. .. .. .. •• •• 442 11 4 J Transmission-line surveys — .. Napier-Waikaremoana .. .. •• •• 1,509 0 8 j Waikaremoana-Gisborne .. .. .. .. 221 0 6 1,000 0 0 | Telephone-line to Wairoa .. .. •• 1,000 0 0 3,146 2 8 Survey, engineering, and office expenses .. .. •• 4,355 2 10 5,697 14 5 Interest during construction .. .. •• 5,767 0 5 77,313 11 9 80,564 3 11 865 5 8 Sundry debtors .. .. • • • • • • • • 613 9 3 Balance from Profit and Loss Account: Accumulated loss to 7,159 16 4 date.. .. .. •• •• •• •• 11,207 18 9 £85,338 13 9 ! £92,385 11 11 £85,338 13 9 £92,385 11 11 j ■ .i— -i ■ — " "