TRAMWAYS FINANCE

Dominion, Volume 8, Issue 2398, 2 March 1915, Page 7

TRAMWAYS FINANCE

A SATISFACTORY INCREASE. January proved to ha a very, good month as far as tramways revenue is concerned: . The figures for the period between January 6 and February 2 show an increase on those for the corresponding- period of last year of £815, whilst at the same time the working expenses have dropped £665. This drop is doubtless due to the fact that the city was paying heavily for striketime coal, the cost of which increased the working expenses of both the city power-houses considerably. The detailed figures for the period under review are as follow:— 1915. 1914. Revenue £13,795 £13,280 Working expenses £8,607 .£9,272 Capital charges ... £3,170- . £3,027 Credit balance £2,018 £981 Revenue per car mils 16.73 d. 17.33 d. Working expenses per car mile ... 10.44 d. 12.10 d. Percentage of working expenses to total revenue .... 62p.c. 70p.c. Passengers car- ~ ried 2,090,947 2,010,872 Car miles run 197,845 183,829 ! The figures for the forty-four weeks,' from April 1 to February 2 (with.those for the corresponding period of the previous year), are as,follow:— Traffio revenue ... £138,238 £131,608 Wades town rates (proportion 0n1y)...i.., £1,496 £1,769 Total revenue ....... £139,734 £133,377 Working expenses £92,609 £87,360 Special expenditure £5,255 £5,908 Capital charges ... £34,733 £33,251 ; Net credit balance £7,137 1 £6,858 Total revenue per car._mile 15,85 d. 16,39 d. Working expenses per car mile 10.51 d. 10.74 d. Percentage of working expenses to total revenue .... 66p.c. 65p.c. Passengers carried 21,344,571 20,454,829 Car miles run ... 2,114,980' 1,952,232 The account for power supply and track lighting for the same forty-four weeks is as follows:— 1914-15.1913-14. ,jg £ Revenue 9,907 9,506 Working expenses 5,062 4,144 Capital charges 4,551 4,274 Credit balance 294 1,088