-f [FT. f?].

ELECTRIC SUPPLY ACCOUNT— continued. NORTH ISLAND HYDRO-ELECTRIC-POWER SUPPLY. Profit and Loss Account for Year ended 31st March, 1939, compared with Year ended 31st March, 1938, Gross Revenue Account.

Net Revenue Account.

11

1938-39., 1937-38. [j 1938-39. 1937-:. 8. To Generating-expenses, headworks, and £ s. d. £ s. d. £ s. d. By Sales of energy — £ s. d. £ s. d. £ s. d. power-house— Wholesale .. .. .. 1,112,597 6 6 966,482 5 0 Arapuni .. .. .. 23,289 16 6 17,232 13 4 Retail .. .. .. .. 2,654 0 0 2,247 15 4 Horahora. .. .. .. 3,031 19 1 4,315 5 7 1,115,251 6 6 — , =- Mangahao .. .. .. 11,115 16 4 10,172 11 3 968,730 0 4 Waikaremoana .. .. .. 11,945 12 3 14,138 6 2 Standby stations .. .. 24,424 6 4 13,468 18 4 Rents — 73,807 10 6 Cottages, &c. .. .. .. 9,798 12 3 8,261 5 5 59 ,327 14 8 Lines, plant, &c. .. .. 794 10 8 823 15 6 j Transmission-lines — 10,593 2 11 Patrol, maintenance, &c. .. .. .. 32,330 11 5 36,728 5 4 1 Substations — 9,085 0 11 Operation and maintenance .. .. 30,853 19 8 25,988 3 11 Management and general — Miscellaneous — Salaries, office expenses, accident, sick, .. 63,446 1 5 55,500 6 3 Tests and inspection .. .. 1,286 4 7 677 4 9 and holiday pay, testing, &c. Penalties .. .. .. 10 0 • 1,287 4 7 ! 677 4 9 200,438 3 0 177,544 10 2 Balance to Net Revenue Account .. .. 926,693 11 0 800,947 15 10 £1,127,131 14 0 £978,492 6 0 £1,127,131 14 0 £978,492 6 0

—' I 1938-39. 1937-38. 1938-39. 1937-38. L l_ I _! | I < £ s. d. £■ s. d. £ ,s. (1. £ ft, d. To Interest for year ended 31st March, 1939 .. .. 353,675 18 3 349,816 3. 5. % Balance from Gross Revenue Account .. .. 926,693 11 0 800,047 15 10 Depreciation on completed works .. .. .. 7,228 1 7 50,725 6 11 King's Wharf Station, half annual charges on capital 33,547 5 2 37,592 10 2 costs thereon Cost of raising loans and expenses .. .. .. 2,072 12 3. 2,151 8 2. Balance to Profit and Loss Appropriation Account .. 530,169 13 9 360,662 7 2 £926,693 11 0 £800,947 15 10 £926,693 11 0 £800,947 15 10