THE TRAMWAYS

Dominion, Volume 6, Issue 1665, 4 February 1913, Page 9

THE TRAMWAYS

FINANCES BEING MADE SOUND, REVENUE INCREASING. An interesting statement of tramway and power supply revenue nnd expenditure for tho four weeks ended January 5, 1913, was presented to the Tramway Conimittoo of tho City Council yesterday by tho chairman of the Tramways Board. Mr. W. H. Morton. It contains several very welcome items of information. Tho rovenuo for the four weeks exceeds that for tho corresponding weeks of last year by .£1427, and tho working expenses wero 49 lower. For tho -10 weeks from April 1,1912, to January 5, 1913, there is 1 a credit fnlnnco on tho working of the tramways of ,£1797, an increase of .42710 over the credit balance forthe snm'o period of last ; financial- yenr; Tho-, freight service account also, shows a credit' balance for- the four-weekly, period nnder review of 414 lCs. 10d., and for the period of 40 weeks there is a debit balance of 413S ,18s. lid. The only cirenmstanco to account for the-change is .that' the Tramway Board has made certain alterations in the method of running the freight service.. .■'■''.-. Following is the text of the statement:— 1 ; ."TRAMWAYS/ Four Weeks ended January 5," 1913. 1913. 1912. '■•'■'.•■•. £. -4 £ Eevetiue ... 13,175 , 11,748 increase 1,427 Working' .• ' • expenses 7,346 ,'7,355 decrease • 0 Capital .''charges. 2,984 2,894 : increase' 90 Credit- -.'-./. V .." ; ' balance 2,845 1,499 increase 1,346 This shows that for ,the-. four weeks under' review the gross revenue increased by 41427, and the working expenses de-' creased by,' 49.> After allowing for capital Charges, tho credit balance ,for tho four weeks shows on increase of 41340. ..-.". •

Forty Weeks from- April 1, 1912, to ,-',-■., ' •■' '< January 5, 1913.. ; 1013. 1912. '; .-' ' ■■■■-..- £■■',: £ ■'■'' -■'"•, .' 4 Revenue ;.. 112,145 106,412 increase , 5,733 Working .''.. expenses.. 77,621-75,431. increase 2,103 Capital . .'. .'••■■■ -.'. '- ' : charges, 29,724: 28,894. increase'. 830 Credit '. .:•'• '■' .-

. balanco '4,797 2,087 increase 2,710 Comparing tho results to date with those of last year, it is seen that the gross,revenue has increased by .£5733, '■'• and the working expanses by .£2193.; After providing for capital charges,'there is a credit balance of or- better ' than last year; '■' ;- > .;'■''• ;. '. .. ' -•''. The passengers carried ■ fdr the . four weeks totalled 1,940,121,.. an increase of 11,750 passengers as compared with lost year.' The total of passengers'carried to data amounts'to 17,898,142, or 19,130 more'than last year....-' The car miles run for the four weeks totalled 173,697, a decrease of 1352' miles. This makes a btal mileage tp date, of 1,708,059, on increase' of 12,592 car miles. ■The total, revenue p'er car mile for the four weeks averaged 18.20 d., or 2.10(1. more • thdii lost -Tear, and for the forty weeks to ■ date 15.21 d;, as compared with'l4.s4d. last year. '.. i. ■''■' ,:'".-■■ . :■:'.'-; - ■ ■''..•"■':■■'. , The working expenses for the four Weeks averaged 10.15 d.. or ,07d. more than'last year, and for the forty, weeks to. data 10.53<1,; as compared with 10.31 d. last year. ; : ; . i; :;: : i'[- POWER SUPPLY. "■''-,'. /From April 1,1912,*t0 January 5, 1913. I;.:-- ''1913.::: ' 1912..".■-'-'-.. - •■'.".- -.- : -';-i£': ''.'■: £ ' -' '' ■'"... £ RWenua v.. - 8,193' .7,543 increase 650 Working :. . expenses,. 3,028, •' 3,203 ihcreaso . '425 Capital..'. '-■ ;.-.'-. "..'.'" .! charges - 3,714 3,s4o;'increase -108 Credit ...".;/::;(.:' ■'' -.- :'-. • ■...". '.'' ', : - ■ ,•'balanco .',851 -. ,794 increase 57 'This shows.- that,':the power supply revenue to date has increased by .£OSO, and .the;«cpei.\s.o3 by,'rf42s. j,^he;p^,.ie'stil^i ] s,a- ) credit- bslnncebf,.'JCSsl,i as'-compared with£lU last-year.•.■'■■•• '■'",.-• ■'-'■'■• . : :