TABLE No. 5— continued. SOUTH ISLAND HYDRO-ELECTRIC-POWER SUPPLY. Profit and Loss Account for Year ended 31st March, 1941, compared with Year ended 31st March, 1940. Gross Revenue Account.

2—D. 1.

Net Revenue and Appropriation Account.

D.—l.

17

1940-41. 1939-40. 1940-41. 1939-40. To Generating-expenses (hydro-electric)— £ s. d. £ s. d. £ s. d. Bv sales of electrical energy— £ s. d. i £ s. d. £ s. d. £ «. eJ. Lake Coleridge .. .. .. .. 14,538 IS 1 12.668 3 5 ' Bulk for resale .. 1443,534 13 3 402,773 19 9 LakeWaitaki .. .. .. .. 8,560 13 1 8,437 8 6 Other than for resale— Kaimata .. .. .. .. 1,577 12 9 1,215 14 10 Traction .. .. 21,479 3 9 21,089 4 11 Monowai .. .. .. .. 6,370 10 0 7,709 0 4 Industrial .. .. 99.050 210 79,340 15 4 31,047 13 11 Retail '.. .. 101.965 4 2 96,689 10 4 30,030 7 1 222,494 10 9 i Generating-expenses (fuel) Dobson .. .. .. 8,421 14 11 12,816 15 8 666,029 4 0 599,893 10 4 Purchase of power in bulk .. .. .. .. 298 4 3 337 16 11 - Standby charges .. .. .. .. .. 225 0 0 .. Rents — Land and buildings .. .. 4,532 15 0 3,64111 4 39,992 13 1 43,184 19 8 Lines and plant .. .. 386 6 6 785 6 0 Transmission System: Patrol and maintenance .. 24,564 11 7 15,927 19 10 4 919 1 6 Substations: Operation and maintenance .. .. 22,230 8 1 20,671 17 5 4 426 17 4 Communication System: Patrol and maintenance .. 1,373 0 3 1,353 2 3 - Distribution: Maintenance .. .. .. .. 19,933 18 0 19,473 12 10 Miscellaneous revenue .. .. .. 7.864 9 11 9,29117 8 System operation, testing, &c. .. .. .. 11,781 18 1 7,826 12 1 Management and general expenses .. .. .. 53,411 16 5 66,521 8 7 Balance, to Net Revenue and Appropriation Ac- .. 505,524 9 11 438,652 12 8 count £678,812 15 5 £613,612 5 4 j £678,812 15 5 £613,612 5 4

1940-41. 1939-40. 1940-41. 1939-40. £ s. d. £ s. d. £ s. d. £ s. d. £ s. d. To Interest (gross) for year ended 31st March, 1941 .. 262,392 19 11 252,569 17 10 By Balance from Gross Revenue Account .. .. 505,524 9 11 438,652 12 8 Less interest capitalized .. .. .. 8,323811 5,651 0 0 254,069 11 0 246,918 17 10 Depreciation on completed works .. .. .. 73,71147 124,931 6 1 Sinking Fund .. .. .. .. .. 126,227 3 11 66,802 8 9 Reserve Fund .......... Social Securnvy charge, national security tax, .. 51,516 10 5 income-tax ,— £505,524 9 11 £438,652 12 8 £505,524 9 11 £438,652 12 8 \