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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. P. C. Campbell, Controller and Auditor-General.

ELECTRIC SUPPLY ACCOUNT— continued. MANGAHAO-WAIKAREMOANA ELECTRIC-POWER SUPPLY— continued. Balance-sheet as at 31st March, 1930— continued.

1928-29. Liabilities. 1929-30. 1928-29. Assets. 1929-30. 1 I I i £ s. d. ! £ s. d. £ s. d. | £ s. d. £ s. d. £ s. d. 3,884,329 13 5 Brought forward .. .. .. 3,984,490 7 9 2,642,702 10 11 Brought forward .. .. . 2,693,272 5 3 12,999 15 9 Plant and motor-vehicles, &c. .. .. .. 7,309 17 11 31,616 3 4 Service buildings, &c. .. .. .. .. 30,889 10 8 Salaries and expenses, &c., of engineers and others on preliminary surveys and during I 187,426 15 5 construction .. .. .. .. 198,437 16 0 1 79,222 1 2 Housing workmen, &c... .. .. .. 73,564 19 10 285, 486 6 6 Interest during construction .. .. .. 289, 925 12 10 65,573 19 6 Cost of raising loans .. .. .. .. 71,480 19 6 19,397 2 5 Construction-tools, plant, equipment, &c. .. .. 18,504 17 7 58,136 19 5 Temporary development, Waikaremoana.. .. 39,746 19 1 3,767 16 1 Harbour facilities, Waikokopu .. .. .. 3,768 4 7 3,386,329 10 6 3,426,901 3 3 Stocks on hand, 31st March, 1930 (including 45,452 10 8 10 per cent, to cover administration, &c.) 43,219 16 8 8,634 15 2 Stocks issued but not used .. .. i 14,957 4 8 I 58,177 1 4 54,087 5 10 66,404 3 8 Sundry debtors for current, rents, &c. .. .. 68,621 13 11 10 0 Telephone subscriptions, &c., paid in advance .. 15 18 0 Profit and Loss Account — 377,507 13 5 Accumulated loss to date .. .. .. 430,774 11 3 £3,884,329 13 5 £3,984,490 7 9 £3,884,329 13 5 £3,984,490 7 9