INTERESTING COMPARISON

Dominion, Volume 9, Issue 2689, 8 February 1916, Page 9

INTERESTING COMPARISON

9 Dc WELLINGTON AND AUCKLAND rf,: TRAMWAYS. i?{ Having been curious to ascertain how our municipal tramway service was faring in comparison with the Auckland Tramway Company's service, his Worship the Mayor (Air. J. P. Luke) hus Hi had the two services closely compared to on a commercial basis. That is to.say, ve our revenue and working expenses have hi all been arranged on the system follow- se ed by the Auckland! Tramway Com- tc pany, no legitimate charges against our lil own tramways being omitted. Consider- en ing that Auckland has almost twice as lei much capital involved, and a much an larger population to sorre and that the w< service is a. privately-owned concern lit norked for dividends, the Wellington sii municipal tramway service compares, tli from a commercial point of view, very H favourably indeed. The figures are as tii follow (the years terminating on June dc 30 last in the case of Auckland and March 31 in the case of Wellington:— AUCKLAND TRAMWAYS COMPANY, £ sa Total revenue 272,241 as Total working expenses 164,692 Ci Net, including income tax and sa percentage of profits to tt Auckland City Council — It ai Balance of revenue over work- as ing expenses. 107,549 Percentage of working ex- m penses to revenue 60 p.c. lv Total capital expenditure ... £1,140,618 c ] Gross profit of £107,549—9.43 per CI cent, on total capital expenditure. t ] WELLINGTON CORPORATION tl TRAMWAYS. p; £ Total revenue 167,331 Total working expenses 111,138 Balance of revenue over work- _ ® ing expenses 56,193 ™ Percentage of working ex- 11 penses to revenue 66 p.e. 'Total capital expenditure £672,997 Gross profit of £56,193—8.35 per cent. ° on. total capital expenditure. g