B.—l [Pt. IV

ELECTRIC SUPPLY ACCOUNT. STATEMENT OF ACCOUNTS AT THE 31st MARCH, 1935. General Balance-sheet at 31st March, 1935, compared with Position at 31st March, 1934.

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1933-34. Liabilities. I 1934-35. j 1933-34. j Assets. 1934-35. ! j Ij I £ 8. d. Aid to Water-power Works and Electric £ s. d. £ s. d. £ s. d. North Island scheme — £ s. d. £ s. d. Supply Accounts — 8,678,523 19 6 Assets as per separate balance-sheet .. 8,818,443 6 6 Debentures Stock issued — 6,053 5 9 Investments, Sinking Fund 360,000 0 0 At 3 per cent, interest .. .. 423,665 0 0 576,420 7 11 Profit and Loss Account —Loss to date .. 586,848 10 7 1,000,000 0 0 At 3| per cent, interest .. .. 1,000,000 0 0 9,405,291 17 1 433,155 0 0 At 3f per cent, interest .. .. 574,555 0 0 9,260,997 13 2 1,957,790 0 0 At 4 per cent, interest .. .. 1,957,890 0 0 2,623,913 18 0 At per cent, interest .. .. 2,623,913 18 0 3,670,219 6 10 At 5 per cent, interest .. .. 3,670,219 6 10 South Island scheme — At 5J per cent, interest .. .. .. 4,149,911 7 8 Assets as per separate balance-sheet .. 4,492,708 16 10 5,400 0 0 At 5J per cent, interest .. .. 5,400 0 0 102,222 0 9 Investments, Sinking Fund .. .. 1,669 5 2 1,884,642 6 3 At 6 per cent, interest .. .. 1,884,642 6 3 4,494,378 2 0 150 0 0 Debentures not yet converted .. .. 50 0 0 4,252 ,133 8 5 " —12,140,335 11 1 11,935,270 11 1 Waihi Gold-mining Co., Ltd. — 212,500 0 0 Purchase of Horahora works —Deed of security at 5J per cent, interest. (Due 1/11/1934) Consolidated Fund — 125,900 8 1 Interest accrued on loans to 31st March, 128,949 3 7 1935 59 8 6 Sundry creditors for interest unclaimed .. 54 13 6 — — 129,003 17 1 125,959 16 7 . Electric Supply Sinking Fund Account — 26,727 9 2 Amount due under section 23, Finance Act, 1928 BT 28,333 3 3 Amount set aside as reserve to cover differ- .. 42,137 8 1 ence between interest payable on loans 16,161 19 3 Surveys and General .. .. .. .. 15,743 7 4 raised and interest earned from their temporary investment pending use 12,328,791 0 1 Carried forward .. .. .. 12,311,476 16 3 13,529,293 0 10 Carried forward .. .. .. 13,915,413 6 5