TRAMWAYS & LIGHTING

Dominion, Volume 8, Issue 2433, 12 April 1915, Page 6

TRAMWAYS & LIGHTING

A GOOD YEAR t

GENERAL MANAGER'S STATEMENT The Mayor and councillors bav« received from the General Mauger of the Tramways the statement of accounts of the Corporation Tramways for the year eroded March 31. They will bo considered by the Tramways Committee at its meeting on Monday. Taking the traffic receipts it will be found that they amount to £155,599, a 6 against £149,197 for last year—an increase of £6402. Wadestown tramway rates amount to £1764, as against £2091 last year, a decreasa of £327. The gross rovenue for the two years under review is as follows;— Revenue. £ 1914-15 167,331 1913-14 160,347 Increase 6,984 On tho other hand, if tho receipts increased by £6984, so also have the working expenses increased, and that by £5525. The total working expenses are as follow, including interest, sinking fund, and depreciation :— Operating Expenses. .£ 1914-15 ; 152,014 1913-14 . 145,417 Increas* 6,597 There is, then, a net surplus of £387 to go on with Increases of traffic expanses (£63,047) amount to. £5074; of repairs and maintenance (£22,882). to £f.'G4; of goneral expenses (£8375) to £600. ■ There is a decrease of power expenses of £1113, power costing £16,874 this year as against £17,947 last year. Depreciation has been provided for thi6 year to the amount of £15,207, which is £525 more than the amount sot aside last year for this purpose. ELECTRIC POWER. Tho advantages of electric power aro readily apparent to users, especially where small power only is required. Shafting, and the loss of energy it entails to turn it, is avoided. Spaco, too, i 6 greatly economised where an electric motor displaces engines. With small users electric power is necessarily popular. Current sold for power in the City, however, is practically stationary at about £8500, in fact, there was' a decrease in revenue from this source of £7 last year, the figures comparing as follow:— CURE.ENT SOLD. , ' ForPublio For Power. Lighting. ££ ■ . 1914-15 8,532 3,106 1913-14 8,539 2,900 Tho increase for the yoar under these two headings is £199. The total working expenses, including provision for interest and sinking funds and depreciation, amounted to ■ £11,324, or £878. nioro than last, year. This shows a decreased surplus, however, the profit being £314 for the past year, as : against £993. for the previous year, ashrinkage of £679. The appropriations of tho revenue received from tramways (£15,317) and power supply (£314), totalling £15,631, have hoen applied as follows: —

£ Alt-orations to tars 4,128 Relaying feedor cables 1,260 Alteration centre to side poles ... 670 Purchase motor-car 200 Purchase motor-van 150 Donation Patriotic Fund 25 Written off preliminary oxpenses 1,385 Total appropriations for year. 7,818 Net credit balance on year's op- ' orations 7,813 Total 15,631 LIGHTING AND HEATING. Private electric lighting and heating have increased during the" year by 1396, the total connections to dato being 10,453. ' Sales of units arc 36 follow:— 1914-15. 1913-14. Private'lighting ... 2,108,742 1,866,157 Public lighting 388,427 365,503 Heating supply ... 428,900 ,310,618 Power supply ...... 443,286 444,086 Total number of units sold 3,369,355 2,986,364 Increase 882,991 The revenue and expenditure account on the lighting aud heating compares as follows:— Revenue. Expenditure. £ . £ 1914-15 62,856 46,540 1913-14 '61,968 46,159 Net surplus, 1914-15, £16,316. ( The generation,' distribution, and general expenses incurred to earn the £62.856 revenue totalled £28,255; but to that had to be added provision for interest, sinking fund, and depreciation. The £16,316 net surplus for the year vaa appropriated as follows:— . £ Purohn» of motor-lorry 491 WHtt«n off old station'plant ... 5,000 Vrittan «ff goodwill 5,000 Written off preliminary expenses 115 Total appropriations for rear... 10,060 Net cr«dit balancoi 5,710 16,316