TRAMS AND LIGHTING.

Dominion, Volume 2, Issue 415, 26 January 1909, Page 6

TRAMS AND LIGHTING.

v - ;^''o;:';^--^N^, NEER'S '■.-:'■■" ■ ;;>■ THE;FINANCIAL:POSITION. ", .., : -;-At yesterday's meeting of the Power Stations and, .Tramways:, Committee, a report was/re-ceived-froV.tbe engineer (Mr. Stuart Richard?Pn).'Buying JtlieiJ revenue and expenditure of .the tramways.and electric.lighting departments for theifonr-woekly .periods ended December 8 and January -;S.v <;'-.'' »: ■- <■• ;•■ -.;.'.-.', - ■'■' The report stated that 'the total -.'tramways revenue'for, the four-weeks ended December 8,. 1908; amounted, to i£10,455, an increase of £101 on the previous year.? The .working expensesamounted to JJ7126, or more than last year. This included .over .£2OO acorued rent, .The excessi.of ■ rovenue over working expenses to less than the-previous year.' The.total, revenue, for. the year to this 'date amounted to ,which was [ an increase of ,',£ll,79l'.over the corresponding period iri'last /ear. 'The'total' working expenses and. :proportion v ofstanding charges, amounted to .showing i-'a- net isurplus at. this date ; of .£32o6,;or;rJG292D.'more than during.the previous *year.;,."...The: total: revenue for the. 'four weeks.to January 5, 1909, amounted to;,£li;028, a decrease.of £57. a5. compared with the corresponding period of,,last.year..' ■'Tha : traffio. revenue .for.;,this■;; period was certainly disappointing, as, notwithstanding 'the fact that, a larger service was', run-this year than last, the number'of' passengers'-icarried was 1789 less: than last year;,the.revenue showing.a:deorea'se of inearly- a .penny per' mile.: ■-The -working .expenses f.amountedk-tp; U57139; or .£627 "more .than'last year. the figures for; the ■ iwhole -year, to.,date,, it would:be'.seen that the total revenue..amounted'.to more,;than' : tb'e.' corresponding, period of last year.-',-.; After: providing for , interest,., sinking ;fund,; to net: surplus to date ; was J64090, or ■JB2oS4imorb'.-than' ■ last::year. .. o; ■ .': The;, total •-revenue: for electrio /lighting. for theimontK.'of .November- 1908, : amounted' to ■'£%&,;'s%, Jthan last year. The re-' Tenuewas.disappbinting, ,and the decrease was, ,the; engineer.-. believed, _due to the' now: more general use. of 'the,current-saving 11am'en't:;lamps. .'TFnder'- similar., conditions,",;an' ; increase;Of- qui would have'been shown, as,-there.-were.'.now-nearly.soo' consumers mora than.there were twelve months ago:/ The working, expenses amounted-to .£1928, or: .£298 more than. last;,y.ear. ...Comparing .the.'returns for the eight-months; from'.April to November,.it would.,be /seen'ithati.the .total' revenue: stood at £33,020," or ; ; .£965/; more. than ,last. year; while the .working":expenses 'amounted /to'. JE17.224, .or, i 61843 more. than.last;year; After providing for ;interest,; . :fund; .-'. and ■ depreoiatioh. charges,. the net balance at the end of Noyem-'ber.was;is39G.'i-;The::revenue.for the month of .December,''l9oß,-'amounted to or .£251 more / period 'of last ■year.J'•' ■ The 'working, expenses .amounted to '481857,' or ' .£s_m6re'' than last year., .Taking; the figures• for;nine-months;'-from April to December, •'••': it Would';"-be 'seen .'.that', the -revenue amounted t0,,'.£35,760, or;JEI2I7 more'than--last -year,'.whilst working 'totalled .£19,082, ! .'which: exceeded; last .year's- figures' by .£1829. After, for interest, sinking fund, and '< depreciation v 'charges,''.'tie. net 'balance, at this I date/was .^979;':/;'■/";/ ;,/.;,.,-,;,,