TRAMWAYS FINANCE
A SATISFACTORY POSITION
With all but four weeks' - figures available the financial .year of the Cit.v Tramways Department appears to have been a fairly satisfactory one. The revenue return for the forty-eigHt weeks ended March 2 last shows the amount of £163,806, as against £146,662 for the same period last financial year. The working expenses have been £101,203, but on to tnat amount has to be added £5690 special oharges, and £37,893 capital charges, leaving a balance to credit of £8520, as against £7699 at this time last year. During the eleven months under review- the working expenses per car mile have been cut down from 10.80 d. to 10.50 d., but the percentage of working expenses tJ revenue has increased 1 per cont. from 64 to 66 per cent.
The following are the .figures, for the eleven months, between April 1, 1914, to March 2, 1915, compared with tie corresponding period of the year'previous ' - 1914-15. 1913-14. Traffio revenue ... £151,674 £144,722 Wadestown rates (proportion only) 1,632 1,930 Total revenue ... £153,306 £146,652 Working expenses- £101,203 £96,139 Special • expenditure :... £5,690 £6,632 Capital oharges... £37,893 £36,282 Total revenue per car mile 10.50 d. 10.80 d. Percentage of working expenses to 'revenue 60p.0. 65p.c. Passengers oarried 23,463,010 22,488,349 Car miles run ... 2,312,451 2,136,616 ■ The. figures for the period between February 3 to March 2 (with & compari:son -with- those for the corresponding period of last year) are as follows 1915. 1914. •Revenue £13,435 £13,113 Working expenses £8,593 £8,778 Capital charges • £3,160 £3,031 Credit b'alahpe ' £1,682 ' £1,304 Revenue per car ■ mile 16.33 d. 17.06 d. Percentage of working expenses to revenue ........ 64p.c. 67 p.c. Passengers carried 2,118,439 2,033,520 Car miles run ... 197,471 184,384 The power supply and track lighting figures for 48 weeks are as follow: I 1914-15. 1913-14. £ £ Revenue 10,702 10,306 Working expenses ... 5,511 4,553 Capital charges 4,963 4,654 Credit-balance 288 . 1,099'
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Dominion, Volume 8, Issue 2422, 30 March 1915, Page 9
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309TRAMWAYS FINANCE Dominion, Volume 8, Issue 2422, 30 March 1915, Page 9
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