PAYING ?

Dominion, Volume 6, Issue 1559, 1 October 1912, Page 6

PAYING ?

THE NEW TRAMWAY REGIME. FIRST MONTH. BIG INCREASE IX REVENUE. Tho four-week period which ended 011 September 13 last covered the. first month of the new system of fares' and sections which the Wellington Tramway Board, under tho sanctiun of the City Council, instituted as a means to place (he tramways on a satisfactory financial footing. A report setting forth the statistics for that period was presented by the chairman of tho Tramway Board (Mr. W. 11. Morton), to the Tramways Committee of tho City Council yesterday afternoon. Revenue Increase, £633, For tho four weeks under review, states the report, the gross revenue has increased by .£633, and the working expenses have decreased by .£2O, as compared with tho corresponding period last year, tlie net result being a credit balance of .£506, as against a debit balance of .£GI ill 1911. The details, under their principal heads, are as follow:— 1912. 1311. Revenue 11,039 10,12(5 increase 633 Working expenses ",581 7,001 decrease 20 Capital charges 2,98!) 2,883 increase EG Total expenses 10,533 10,457 Increase 66 Credit balance 306 Debit balance G1 Taking a 21-week period (April 1 lill September 15), which, of course, includes 20 weeks' working of the servico under tho old regime, tho details, comparatively stated, are as'follow " 1912. 1911. £ £ £ Revenue 61,717 63,203 increase 1,511 i Working expenses ... 47,784 44,475 increase 3,309 Capital charges 17,804 17,3.10 increase 4<4 Total ex- . pens»s ... 65,588 61,803 increase 3,i83 Debit balance 871 Credit balance 1.39S This shows that for the twenty-four weeks under review the gross revenue has increased by ,01514, and the working expenses by .£3309, the net result to date being a debit balance of ,£B7l as compared with a crcdit balance last year of .£1398. The passengers carried for the four weeks amounted to 1,734,849, a decrease of 17,370 passengers' as .compared with last year, while tlie average faro paid per passenger during the four weeks was 1.43 d., as against 1.33 d. last year. The total passengers carried to date (24 weeks) amounted to 10,702,101, or 06,233 more passengers than last year: Per Car Mile. The car miles run for the four weeks totalled 175,318, a decrease of 2000_.car miles, -This makes ft total of 1*0*3,710 miles for the 21 weeks, an increase of 26,585 car miles as compared with last year, Tho total revenue per car mile for the four weeks averaged 10.11 d., ■an increase of 1.03 d. as against last year, while the revenue for the 21 weeks to date has averaged 14.4Gd. per car niile, or .02d. less than last year.' . ' The working expenses for the fotir weeks averaged 10.38 d. per car mile, an increase of .09d. as against last year. Tho total expenditure for the four weeks averaged 14.44 d. per car mile, leaving a profit of ,70d., a.s compared with- an average total expenditure last year for the four weeks of 14.19 d., with a net loss of ,08d. per car mile. Tho average total expenses per car mile to date have amounted to II.GGd., or ,20d. in excess of the revenue. Last year the expenditure averaged 14.10(1. per car mile, leaving a net profit of ,32d.

Power Supply Revenue. The power simply revenue to date has increased bv .£527. and the expenditure by .£363. ' The not result is a credit balance of -£f>5G. as .compared with .£492 last year. The comparative details are:— 1912. 1911. ,£ .£ .8 Revenue 3151 1624 increase 527 ''Workingexpenses l C 237 m<l9 increase 23S Capital charges... 225S 2133 increase 125 Tohl expenses.... 4195 4132 increase 3G3 Credit balance ... 056 credit balance 492