B.—l [PT. IV].

ELECTRIC SUPPLY ACCOUNT. STATEMENT OF ACCOUNTS AT THE 31st MARCH, 1938. General Balance-sheet at 31st March, 1938, compared with Position at 31st March, 1937.

14

Liabilities. 1937-38. 1936-37. i Assets. 1937-38. 1936-37. i i : [ | Aid to Water-power Works and Electric £ s. d. £ s. d. £ s. d. North Island scheme — £ s. d. £ s. d. £ s. d. Supply Accounts — , Assets as per separate balance-sheet .. 9,687,193 12 6 9,446,309 4 5 Debentures Stock issued— Profit and Loss Account —Loss to date .. .. 155,175 8 4 At 2$ per cent, interest .. .. 1,300,000 0 0 .. 9,687,193 12 6 At 3 per cent, interest .. .. 3,149,372 9 6 3,149,372 9 6 9,601,484 12 9 At 3J per cent, interest .. .. 1,449,225 0 0 1,449,575 0 0 At 3f per cent, interest .. .. 574,555 0 0 574,555 0 0 At 4 per cent, interest .. .. 1,647,600 0 0 1,644,915 0 0 At 4-4 per cent, interest .. .. .. 950 0 0 South Island scheme —• At 4J per cent, interest .. .. 2,623,913 18 0 2,623,913 18 0 Assets as per separate balance-sheet .. 6,635,189 .0 3 6,398,916 9 10 At 4-8 per cent, interest .. .. .. 1,750 0 0 Investments, Sinking Fund .. .. 11,679 15 1 13,429 15 1 At 5 per cent, interest .. .. 3,159,227 13 6 3,159,227 13 6 6,646,868 15 4 At 5i per cent, interest .. .. .. 1,200 0 0 6,412,346 4 11 Debentures not yet converted .. .. 50 0 0 50 0 0 Treasury Bills — Fixed deposit investments taken over from .. .. 45,000 0 0 At 1J per cent, interest .. .. .. 1,300,000 0 0 the Southland Electric Power Board 13,903,944 1 0 13,905,509 1 0 Consolidated Fund — Interest accrued on loans to 31st March, 132,713 15 8 123,947 4 2 1938 Sundry creditors for interest unclaimed .. 10 0 0 1,418 1 8 132,723 15 8 125,365 5 10 Temporary loan .. .. .. .. 12,000 0 0 12,000 0 0 Surveys and General .. .. .. .. 18,717 6 3 18,540 17 2 Interest reserve, being excess of interest .. 81,196 7 10 72,109 8 1 charged to schemes over interest actually paid on capital liability Carried forward .. .. .. 14,129,864 4 6 14,114,983 14 11 Carried forward .. .. .. 16,352,779 14 1 16,077,371 14 10