B.—l [PT. IV].

ELECTRIC SUPPLY ACCOUNT-continued. SOUTH ISLAND HYDRO-ELECTRIC-POWER SUPPLY-continued.

15

Profit and Loss Appropriation Account. 1938-39. 1937-38. j 1938-39. 1937-38. £ a. d. £ s. d. £ s. d. £ s. d. To General Reserve Account (reversing debit balance, Southland 4,800 0 4 12.231 1 9 By Balance from Net Revenue Account .. .. .. 58,534 15 8 30,986 15 11 section as at 31st March, 1938) Arrears of rates recovered .. .. .. .. 1,226 5 7 1,147 4 11 Sinking Fund Reserve Account .. .. .. .. 54,961 0 11 24,702 19 5 Transfer from General Reserve Account .. .. .. 4,800 0 4 £59,761 1 3 £36,934 1 2 £59,761 1 3 £36,934 1 2 I = — Depreciation Reserve Account. £ s. d. £ s. d. £ s. d. £ s. d. To Replacements, Renewals, &c. .. .. .. .. 19,006 8 6 46,641 18 1 By Balance from previous year's statement .. .. .. 552,104 19 1 467,665 9 6 Balance .. .. .. .. .. .. 637,799 5 1 552,104 19 1 Interest at 4 per cent, per annum .. .. .. 22,084 3 11 18,706 12 5 Amount set aside as per Net Revenue Account .. .. 82,616 10 7 112,374 15 3 £656,805 13 7 £598,746 17 2 £656,805 13 7 £598,746 17 2 General Reserve Account. £ s. d. £ s. d. £ s. d. £ s. d. To Transfer to Profit and Loss Appropriation Account under .. 4,800 0 4 By Balance at close of previous year .. .. 82,399 5 8 67,703 7 6 section 13 (2) (6) of the State Supply of Electrical Energy Adjustment for excess amount transferred to Profit and Loss .. 7,264 16 9 Act, 1917 Appropriation Account, 1936-37 Balance .. .. .. .. .. .. 87,199 6 0 82,399 5 8 Profit and Loss Appropriation Account (reversing debit 4,800 0 4 12,231 1 9 balance, Southland section as at 31st March, 1938) £87,199 6 0 £87,199 6 0 £87,199 6 0 j £87,199 6 0 Sinking Fund Reserve Account. £ s. d. £ 8. d. £ s. d. £ s. d. Balance .. .. .. .. .. 350,840 10 0 295,817 7 4 By Balance at close of previous year .. .. .. 295,817 7 4 271,114 7 11 Interest . . . .. .. .. 62 1 9 Amount set aside as per Profit and Loss Appropriation 54,961 0 11 24,702 19 5 Account [ £350,840 10 0 £295,817 7 4 £350,840 10 0 £295.817 7 4