TRAMWAYS AND POWER.

Dominion, Volume 4, Issue 1069, 7 March 1911, Page 3

TRAMWAYS AND POWER.

REDUCED CREDIT BALANCE. A report presented yesterday to th? Tower Stations and Tramways Committee of tho City Council by the City Tramways Engineer, deals with the working of the electrical department, during tho four weeks ended February .2, and for the period from April 1, 1910, to February 2, 1911. In the Tramway Account the gross revenue for the four weeks shows an increase of .£l3B, and the expenditure an increase of £SSS, as compared with His corresponding period of last year. T'liu revenue for the four weeks ended 1-obru-arv 2, 1911, was .£11,577 9s. lid., and the expenditure £7862 Is. 7d., leaving an excess of revenue over working expenses of .£3715 ss. 4d. For the corresponding four weeks in 1910, revenue totalled £11,139 2s. 10c!., mid expenditure .£7OOI 2s. •Id. There was e.u excess of revenue over working expenses of .£4135 os. fid. Capital charges in 1911 brought down the nelt surplus to £935 as. (id., and m 1910 to £1370 10s. Id. For the period from April 1, 1910, to February 2, 1911, the gross tramway revenue increased by £3!l00, and the expenditure bv ,£6229. For the "cried named in 1910-11 the gross revenue was .£112,321 3s. 10(1., and the working expenses £80,798 2s. 10d., leaving an excess of revenue over working expenses ol £31,523 Is. In tho corresponding period ■ of 1909-10 the revenue was £108,421 15s. 7d., and the working extremes £74,509 14s .Id., leaving a balance of £33,852 Is. Gd. Capital charges in the later period brought down- the nott surplus to £1210 13s. 7(1., and in 1909-10 to £3619 3s. 7d. , Special expenditure included in the amount shown as working exwuses to date now stands as follows-.-Street widening, £1170; conversion, of box cars, etc., £839; duplication of Kilbirnie track, £33.; alteration to overhead lines at Thermion and Oriental Bav, £304; ticket collector, etc., £250; additional .shelter sheds and building and conveniences at I.yall Bay, £215; total, £31-15. It will be seen that after providing for capital charges, the result of tramway operations to date is a credit balance of £1216, as against a credit balance ot £3019 last year. On tho nowcr supply account the revenue from the sale of currents for the four weeks (ended February 2) shows an increase of £37, and tho expenditure an increase of £53. The total revenue to date (for tho neriod from April 1, 1910, to February 2, 1911). has increased by £158, and the .expenditure by £371. Tho combined tramway and power supply accounts to dato (February 2) show, a'credit balance of £1313 as compared with a credit balance of £3772 la't year. There is thus shown a decrec.se of £2129.