1).—1

29

TABLE No. 6— continued. WAIKATO ELECTRIC-POWER SUPPLY.— ARAPUNI SCHEME—continued. Balance-sheet at 31st March, 1928— continued.

1926-27. Liabilities. 1927-28. 1926-27. Assets. 1927-2S. £ s. d. ! £ s. d. £ s. d. £ s. d. £ s. d. 1,216,032 5 4 Brought, forward .. .. .. .. j 1,997,795 13 10 993,554 9 8 Brought forward .. .. .. 1,679,666 16 9 Works, &c., at Arapuni —continued. 4,088 3 11 Motor-vehicles .. . • • • 4,088 3 11 6,758 3 11 Loose tools, plant, and equipment .. 6,729 10 4 Engineering, office, and general expenses on preliminary survey and during con45,375 13 10 struction .. .. .. •• 52,702 14 0 Supervision and office expenses on trans-mission-lines and substations during , 10,503 14 5 construction .. .. .. 25,482 13 9 87,985 19 1 Interest during construction .. 151,940 17 4 18,420 0 0 Cost of raising loans .. •• •• 48,007 0 0 ; 288,950 19 4 173,131 15 2 1,968,617 16 1 1,166,686 4 10 48,364 10 2 Stocks of material on hand .. .. •• 28,218 16 11 981 10 4 Sundry debtors .. .. • • • • 959 0 10 £1,216,032 5 4 £1,997,795 13 10 £1,216,032 5 4 £1,997,795 13 10 Note. —The sum of £363,944 14s. od. (excluding proportion of cost of raising loans), representing various assets which form part of the permanent works of the Arapuni Scheme but which are in the meantime operated in production of revenue by the Horahora Scheme, has been transferred to the accounts of the latter scheme. In connection therewith maintenance (£17,171 7s.), interest (£17,880 15s. 10d.), depreciation (£7,278 17s. 9d.), and sinking fund (£3,639) are charged against the Horahora Scheme. I hereby certify that the Balance-sheet and accompanying accounts have 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,