TRAMWAY FINANCE.

Dominion, Volume 6, Issue 1677, 18 February 1913, Page 5

TRAMWAY FINANCE.

CREDIT BALANCE, NEARLY £8000 FOR TEN MONTHS ' The Tramway Board of Management may fairly take credit for having placed tho city tramways on, what promises to bo a solid ba6o, Its recommendations have had the effect of increasing tho revenue in quite a substantial manner, and there is every reason to believe that the tCIO.OOO credit balance, estimated by tho chairman of tho board (Mr, W. 11. Morton), will bo realised by the end of tho finaucial .year. So far in tho ten months gone, there is a credit of X 7079 to tramways revenue, and .£BB2 for power, making a total of .£7061 for the ton months ended January 31, as compared with .£2960 for tho corresponding period of last year. Tho figures as presented in tho board's roport to the Power Stations and Tramways Committee yesterday are as follow:— . For Four Weeks Ended .February 2. 1918. 1912. £ '■ Ji Revenue 13.191 •10.757 Working expenses 7,927 "7,800 Caaital charges ... 2,981 2,883 Credit balance ... 2,283 ~ 74 . 'Note—Tho revenue and working expenses last year wero affected owing to tho tramway strike. From April 1 to February 2. , 1913. 1912. £ ■" '£■■■' Revenue 125,838 117,109 Working expenses 89,6591 83,231 Capital charges .... 82,704, 31,777 Credit balanco ■:.. , 7,079 2,101 "Comparing the results 'to date with those of laßt year (says the report) it is seen that tho gross revenue has increased by JJ8167, and tho working expenses by •£2821 i After providing for capital charges thero is a credit balance of J87079, as against .£2161 last year. j . . , "Passengers carried.—The passengers carried for tho four weeks totalled 2,013,560, an increase of 67,439 as • compared with tho previous ijour. ; weekly period. Tho total passengers carried to date amounts to 19,911,702. i! "Car mi]es run—Tho car miles,run for the four weeks totalled 176,49i|, an increase of 2799 car miles on' previous four weeks. This makes a total mileage j run to date of 1,915,155 oar miles. j' . • "Revenue per car mile.—Tho total revenue per oar mile for the 'four weeks averaged 17,93 d., or ,27d. loss than the previous period. Tlio averago revenue to date is 15.57 d. or .92d. more than ltat year. "Expenditure per car mile'.—Tho working expenses for the four w<eks averaged IOTTSd;, or .63d. more than Jin tho previous four weeks. The average working expeaws to dnto are 10.G3d.;' as compared with 10.41 d. for ,the corresjionding ten months last year. . f, . > Power Supply—From April I,to Feb. 2. 1913.M ,1912. ■' ' 'V ■" \G ]'"'". £■: •' Revenue 8,93f 8,301 Working expenses 3,97£: 3,589 .Capital oliarges ... ifi% 3,907 Credit balance ... . 885| • 805 "This shows that the, power . supply revenue to date- has increased bv .£933, and the total expenses by ,£lisG. The net result w a,credit balance of J!BS2, as compared with iGBOS last year.",ij . VFreign't Car ' Servipe./' For the four weeks ended February 2, the .revenue secured by thei freight '.car amounted to £i 9 18s. 3d. Of, that amount i!l7 is set down as "valuo of Departmental services." A credit I balance of £U 16s. 2d. is exhibited lor the four weeks working, but from April 1 Inst year to February 2. 1913, there is a debit balance 2s.\9d. .■!