B. —1 [PT. IV], SUP. TO 1932.

ELECTRIC SUPPLY ACCOUNT— continued. WAIKATO ELECTRIC-POWER SUPPLY.—HORAHORA-ARAPUNI SCHEME— continued. Balance-sheet at 31st March, 1932— continued.

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.— (Sgd.) J. H. Fowler, Acting Controller and Auditor-General.

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I 1930-31. j Liabilities. 1931-32. 1930-31. Assets. 1931-32. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d £ s. d. 4,072,995 3 10 Brought forward .. 4,681,255 8 7 2,083,785 12 11 Brought forward .. .. .. .. 2,405,01b 13 4 606,605 1 9 Transmission-lines .. .. .. .. 637,762 17 2 386,555 19 7 Substations .. .. .. .. •• 419,052 13 11 40,867 19 9 Distribution-lines .. .. .. .■ 40,852 19 9 Distribution substations, 11,000 kv. — 8,642 18 6 Waihi Grand Junction .. .. 8,642 18 6 2,187 12 3 Taps for consumers.. .. .. 2,187 12 3 ___! 10,830 10 9 10,830 10 9 19,020 11 1 Hamilton Area —Land at Buakura, stores, buildings, staff residences, &c. 16,718 6 6 Loose tools and equipment, motor - lorries, .. 19,233 15 1 cars, &c. 158,784 6 0 Salaries of officers, engineering office, and .. 178,516 16 10 general expenses on surveys and on construction 459,952 10 4 Interest during construction .. .. .. 612,625 5 1 135,790 12 4 Cost of raising loans .. .. .. .. 148,600 12 4 20,210 14 6 Stocks of spares, &c., on hand .. .. .. 23,594 16 8 3,939,122 5 6 4,496,087 0 11 53,918 12 11 Stocks of material on hand .. .. .. 57,216 19 4 j Debtors — 34,569 14 2 For electricity and sales of materials .. .. 39,593 1 10 7,072 2 7 Sinking-fund Investments .. .. .. 9,491 13 11 38,312 8 8 Net loss .. .. .. .. .. 78,866 12 7 ' £4,072,995 3 10 £4,681,255 8 7 £4,072,995 3 10 | £4,681,255 8 7