TRAMWAYS AND POWER.

Dominion, Volume 4, Issue 962, 1 November 1910, Page 8

TRAMWAYS AND POWER.

THE HALF-YEAR PASSED. CREDIT BALANCE.ENLARGED. A statement of accounts presented yesterday by Mr. S. Richardson (engineer and manager) to tho Tramways Committee of tho City Council shows working results in tho Tramway and Power Supply Departments for the four weeks ending October 13, and also for the period from April 1 to October 13, 1910. In tho tramway account the revenuo for the last four-weekly period'shows an increase of £105, and the expenditure, an increase of ,£933 as compared with the corresponding period of last year. ' Comparing tho totals from April 1 to October 13, the revenuo has increased by £2030, whilst tho expenditure has increased by £2005 over 1809. • After allowing for proportion of capital charges, the net result of tramway operation for tho period of six and a half months is a debit balance of ,£l7l, as compared with a debit balance last voar of-£2ll. The revenue from tho sale of current for the four weeks shows an increase of ,£9O, and the expenditure an increase of £SG as compared with last year. The revenue from this service for. the i period from April 1 to October 13 has increased by £501, and the expenditure by £298. ' After allowing for proportion of capital charges, tho net result of the poiver supply business to date (October 13) is a credit balance of £13G, as compared with .£207 last year. Tramways and power supply: Tho net result of these two businesses for tho period from April 1 to October 13, 1910, shows a credit balance of £261, as compared with £55 last year. A balance on the wrong side of the ledger has become a standing feature of tho tramways account. This is attributed chiefly to the expense incurred in running out extra cars. As will he seen, tho operations of the department as a whole, for the period of six and a half months, have resulted in an increased credit balance.