B.—l [PT. IV, SUP.].

ELECTRIC SUPPLY ACCOUNT— continued. MANGAHAO ELECTRIC-POWER SUPPLY— continued. Balance-sheet as at 31st March, 1928— continued.

22

• i " ~ i j i I 1926-27 | Liabilities. 1927-28. 1926-27. Assets. 1927-28. _ j. - - ■ - - j — j j £ a. d. £ s. d. £ s. d. £ s. d. j £ s. d. £ s. d. 2,449,457 9 7 Brought forward .. .. .. 2,706.192 6 1 1,476,574 12 3 Brought forward .. .. : .. jl,584, 123 0 4 Transmission-lines (11,000-volt) — 3,004 10 11 Mangaore-Shannon .. .. .. 3,004 10 11 7,344 12 11 Khandallah— Petone .. .. .. 4,556 10 0 7,561 0 11 10,349 3 10 Substations — 73,473 11 4 Khandallah .. .. .. 78,126 6 9 1,666 12 8 Otaki .. .. .. .. 1,973 12 11 31,082 11 7 Bunnythorpe .. .. .. 32,621 8 1 20,762 16 2 Wanganui .. .. .. ..I 21,312 18 7 13,520 12 2 Dannevirke .. .. .. 19,368 13 7 21,445 8 0 Waipukurau .. .. .. I 21,871 17 5 } 25,052 7 4 Napier .. .. .. .. i 34,409 11 10 12,159 17 10 Woodville .. .. .. .. j 12,394 15 4 17,745 15 5 Mangamaire .. .. .. 23,584 7 1 12,790 7 4 Masterton .. .. .. .. j 12,636 10 10 Marton .. .. .. .. } 130 0 0 i 258,430 2 5 j 1 229,699 19 10 4,602 13 3 Motor-cars, lorries, &c... .. .. .. 3,738 11 1 961 10 10 Office furniture .. .. .. j .. 963 19 10 14,641 4 7 Service buildings .. .. .. J .. 14,472 18 1 Salaries and expenses, &c., of engineers and j others on preliminary surveys and during 117,515 11 9 construction .. .. .. I .. 130,306 15 6 i 75,806 18 6 Construction-tools, plant, and equipment, &c. .. 56,303 18 7 60,059 3 7 Housing workmen, &c... .. .. .. 58,692 19 10 I 217,068 13 2 Interest during construction .. .. .. 236,993 9 8 35,591 0 0 Cost of raising loans .. .. .. .. 22,333 19 6 2,242,870 11 7 , 2,373,920 15 9 — Stocks on hand, 31st March, 1928 (including 45,597 3 7 10 per cent, to cover administration, &c.) | 39,088 16 11 15,714 4 2 Stocks issued but not used .. .. 7,793 4 5 i 46,882 1 4 61,311 7 9 21,029 5 0 Sundry debtors for current, rents, &c. .. i .. | 29,640 9 9 53 3 2 Telephone subscriptions, &c., paid in advance! .. 11 14 6 124,193 2 1 Net loss .. .. .. .. j .. 255,737 4 9 £2,449,457 9 7 £2,706,192 6 1 £2,449.457 9 7 j £2,706,192 6 1 - ' ■ i . iiI hereby certify that the Profit and Loss Account and Balance-sheet of the above-named electric-power scheme has been duly examined and compared with the relative books and documents submitted for audit, and correctly state the position as disclosed thereby. — G. F. C. Campbell, Controller and Auditor-General.