D—4

Table IV—Consolidation of Subsidized Lines Constructed as at 31st March 1949 Number of Supply Authorities .. .. .. 15 Number of applications .. .. .. .. 62 Eoute-miles of line .. .. .. .. ~ 199 Number of consumers connected .. .. .. 454 Actual capital cost of lines .. .. .. .. £lOO 643 PAYMENT OF SUBSIDIES The subsidies granted in the first instance are based upon estimates and are therefore provisional, being subject to adjustments when the actual capital costs and annual revenues are known. No subsidies were paid in the year ended 31st March, 1948. Table V—Subsidies Paid in the Year Ended 31st March, 1949 £ Ashburton Electric-power Board .. .. .. _ 353 Central Hawkes Bay Electric-power Board .. .. 115 Malvern Electric-power Board .. .. .. .. 6 Marlborough Electric-power Board .. .. .. 12 Southland Electric-power Supply .. .. .'. ..318 Waitaki Electric-power Board .. .. .. .. 22 Table Vl—Rural Reticulation Fund as at 31st March, 1949 £ S (1 Cash balance in Fund at Ist April, 1948 .. .. £ s. d. 48 428 5 3 Receipts from annual levy .. .. .. 25.238 910 Interest on investments .. .. .. 922 10 10 26,161 0 8 Q , ",. ~ , . 74,589 5 11 ♦subsidies paid during year .. .. .. 826 0 0 Administration costs and expenses .. .. 641 19 10 1,467 19 10 Cash balance at 31st March, 1949 .. .. 73 121 6 1 Sundry creditor Electric Supply Account: Administration costs and expenses .. . . .. 31Q g 5 Net balance in Fund at 31st March, 1949 £72,810 19 8 In accordance with the provisions of the Act, the term of office of the three members of the Council representing the Electric Supply Authorities expired in March, 1949. Mr. H. V. Murray and the Hon. R. Masters were again nominated by the Electric-power Boards and Supply Authorities' Association, and have accepted appointment for a further period. It is gratifying to me as Chairman that Mr. Murray and Mr. Masters were again appointed, as continuity of service and knowledge in the problems confronting the Council is most desirable. Mr. W. P. Glue, of Christchurch, has been appointed to the Council as the third member representing the Supply Authorities. He takes the

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