ELECTRIC LIGHT

Dominion, Volume 9, Issue 2881, 20 September 1916, Page 7

ELECTRIC LIGHT

_ $ • A MONEY-MAKING DEPARTMENT. Of the two olectrical trading departments embodied in the municipality, thcro is no doubt which .pays the better. Tho lighting venture is turning out trumps for tho city, and at tlie present rate of progress the timo should not uo far distant when another reduction 'in the cost of olectricity should bo made to the general public. During tho month of August tho revenue increased by .£1236 on tho corresponding period of last year, whilst the working expenses increased by only £153. For the live months ended August 31, it is shown In a report issued to tho Tramways Committee yesterday that the rovenuo return is .£SBOO .ahead of the corresponding period of last year, whilst the working expenses went up ,£1569. . Tho figures aro as follow:— For August: 191 G. 1015. Bevenuo .£8,409 „£7,173 Working expenses '... .£3,1E1 .£2,710 Capital charges £1,51G .£1,516 Credit balance .63,730 .£2,947 Units sold 523,405. 420,583 New connections made during mouth 173 - 1-11 For the five months ended August 31 the figures are:— 101 G. 1915. Revenue ,£37,969 ' .£32,1G9 Working expenses ... .£14,021 .212,455 Capital charges ...... .£7,582 .£7,582 Credit balance .816,363 .£12,132 Units sold , 2,267,000 1,898,406 New connections made in five'months 773 782 Total connections at Aug. 31 12,858 11,202