TRAMWAYS.

Dominion, Volume 2, Issue 574, 31 July 1909, Page 15

TRAMWAYS.

-• — _—4 AUCKLAND AND WELLINGTON \\i COMPARED * < A. comparison of .the? balance-sheets ,<sf. the. ; Auckland ■■Tramways Company and the Wcl- . lujgton tramways, which; .were submitted by , Mr;i'Stuart .ißichardson (City .Electrical En- : gmcer)rto.jiTbw&day's the. ,Oity ■.■■■■■,, Council;" Whding. . Auckland accounts,.as summarised .111 •■■... ttevrepovt, giVo : tlitf ••Mlowiagsrfigiires:—; Tpfalr.reyejiue; £165,055; working, and othcj. eipQiJso3v r l ;.;,rcnowaU, ,£10,55)4; iu-. terest on 'Debentures,. £15,377;! depreciation (av'erago 1.77-per. cent,), £12,800; total ex-, pfcnditnre, £143,405; net-balance on year's ■working,. £22,1G0. The nci balance of £?2;1C0 is equal to G. 33 per cent.-of the sub- . scribed-capital of-£350,000: If-thu whole-of the' 1 debenture stock and. sharo'-'capital. worn:V takeirvtbgethprv^tho : net •Jwlanco; would■' then, be. £37,537, or equivalent to 5J por cent, on the-total'capital invested. .<• ' The .\Velhngton:accounts'on the same basis -would show:, —/Total revenue,..£136.436; ; ; .working.-,:.' expanses (including: wi-eHCwals),' ■£91,67g;.depreciation* on tramway: plant, . £8271; depreciation on power supply plant,' and.-.mains, £393'; 'total expenditure, £100,837 j, net. balanoo on year's working, £36,099, : According-: to- another comparison "of tlio-balance-sheets given, in,.tho: roport, -taking • thp-.iAuckland .figures on the ?amQ«b»sis vas ■ those, presented in Wellington, tho financial roslults on the capital invested in each under- . taking were in'favour of Wellington. Tlic figures showed that if the company in Auckv landi.charged interest and sinking fund on v capitnl invested, and depreciation at the sitjvo -■;■ rato as was charged in Wellington, Auckland • would show a debit balance of-£6195 on the •'v?i v j&fy'-.s°6rking;. as compared.;,with a.credit balanco of £5934,jn Wellington.- •