B—l [Pt. IV]

J. W. Scott, A.R.A.N.Z., Chief Accountant, Public Works Department. I hereby certify that the General Balance-sheet has been duly compared with the relative books and documents submitted for audit, and correctly states position as disclosed thereby.— J. P. Rutherford, Controller and Auditor- General.

ELECTRIC SUPPLY ACCOUNT.—STATEMENT OF ACCOUNTS AT THE 31st MARCH, 1945 General Balance-sheet at 31st March, 1945, compared with Position at 31st March, 1944

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Liabilities. 31/3/45. 931/3/44. Assets. 31/3/45. 31/3/44. j t National Development Loans Account: 4 per cent, interest £ £ 21,297,211 £ 19,040,144 North Island scheme : Assets as per separate balance-sheet £ £ 17,981,760 £ 15,764,252 Interest reserve, being excess of interest charged to schemes over interest actually paid on capital liability Sundry creditors — North Island scheme South Island scheme •Surveys and General 253,399 154,670 49 60,997 408,118 58,242 192,645 57,309 South Island scheme : Assets as per separate balance-sheet Surveys and general .. .. Balance in Electric Supply Account at the end of year — Cash in Public Account Imprests outstanding 16,441 10,032,388 22,986 9,260,844 21,579 36,965 22,393 249,954 16,441 59,358 Depreciation ReserveNorth Island scheme South Island scheme 2,069,631 1,175,970 3,245,601 1,761,024 991,178 2,752,202 Loan Redemption Fund — Amount utilized for redemption of loans .. Available for further redemptions 2,903,701 134,538 3,038,239 2,440,767 462,934 2,903,701 Keserve Fund — North Island scheme South Island scheme 98,532 98,532 Sundry credit balances 3,409 3,258 Total .. .. :. 28,053,575 25,106,033 Contingent Liability Arrears of appropriation to Loan Redemption Fund 279,068 52,907 Total .. 28,053,575 25,106,033