TRAMWAY AND LIGHTING RETURNS.

Dominion, Volume 3, Issue 632, 8 October 1909, Page 9

TRAMWAY AND LIGHTING RETURNS.

,' ■■■;"'' ~.■■".; »', . ''/'.' ; A MONTH'S KEVENUE.' ~' V j The City Electrical Engineer's statement ;of tramway revenue and expenditure- for the four weeks.ended September: 15 states that tho gross revenue for the four weeks amounted ■ to £10,231, being an increase of .£132, 'as compared with the corresponding period of 'last year. . Tho working expenses amounted ■to .£7077, or .£2OO moro. than last year. This period has been charged with rates on tramways properties, covering ;-a period of six months, and amounting to £203, otherwise a slight decreaso in expenses, as compared with last year,' would have been shown. .Comparing the totals to date, it will be seen that the gross revenue amounts to £61,313, or JS2O7 less than' last year. The total working ; expenses amount to £12,752, or £602 • more. than last year. Included in the expenses this year, are repairs" and maintenance—track arc lighting £307 (last year charged direct to District Fund Account), and £203 for rates referred to above. These two itemß account for £510 of tho total increase. Apart from this ■' expenditure, £701 has been expended more than last' year, on the repairs and maintenance of the permanent way, showing that, tho other expenses ,of the department are considerably" less than last year. After providing for proportion of interpst, sinking fund, and depreciation charjM, the net result to date is a debit, balance' of £02. "Although this does not compare favourably with last year (says,the engineer), yet I anticipate that the summer rovenue will bo such as to finish up the year, with quite a satisfactory credit- balance. , The returns of.'electric light and power revenue and expenditure for the month of August, and totals to date, show the gross revenue 'for tho month amounted to £4690 being an increase of £79, as compared with the i corresponding month of last year. The working expenses amounted to £2250; or £17 less than last year. Comparing the totals to date with last year, it will be seen that the gross revenue for tho livo months amounts to £23,398 or £502 moro than the corresponding period of last year. Tho total working exrpeuses amount to £11,492; or £GBB more than last year. The incrcaso in working expenses is largely due to tho fact that the upkeep of the whole of the public lighting.of tho city is in this year, included in tho working expenses' whereas last year they wero charged direct to the District Fund Account. After allowing for proportion of the year's interest, sinking fund, and depreciation charges, the net result to ditto.is'a.credit balance of £4fio9, as compared with . £5829 for tho same, period Inst year. ..