THE TRAMWAYS' YEAR

Dominion, Volume 10, Issue 3056, 18 April 1917, Page 3

THE TRAMWAYS' YEAR

PROFIT OF £12,863

INTERESTING FIGURES

At yesterday's meeting of the Tramways Committee of the City Council, tho figures for the year ended March 31 were presented. Though the itemß' of expenditure have been very heavily increased during the year, the extraordinarily buoyant state of the revenue ias meant a successful' year's operations, as satisfactory, for example, as might have been the case had the conditions been normal. It will bo seen from the undermentioned figures that the revenue has increased by £20,082, as compared with last year's figures, whilst the expenditure has increasd by £28,242, a" difference of over £8000, but notwithstanding this there were, oredit balances amounting to £20,689 to be transferred to the appropriation account, and after providing for works which cost £7826, there is a profit on the.twelve months' operations amounting to '£12,868. Revenue and Expenditure. The following are' the figures showing the tramways revenue account for the year, compared with that for > the year 1916-16:— 1916-17. 1915-16. £ £ Passenger fares ..*. 192,667 172,184 Carriage of luggage . on passenger cars 2,148 2,036 Car mileage dues 8,976 8,244 Advertising on cars ' 2,047 1,807 Carriage of goods (freight service) 1,114 ■ ' 962 Miscellaneous receipts 994 863 Wadestown Tramway rates — 1,768 Total revenue £207,946 £187,864 The expenditure account (with the same comparison) is as follows: — Traffic expenses'.!. 78,311 , 69,766 General expenses 9,392 7,640 Repairs and maintenance ;... 32,773 22,829 Power expenses ... 24,909 18,582 Total working expenses ... 145,885 118,817 Interest 21,055 20,457 Sinking Fund • 5,164 5,177 Depreciation ..J.... 17,382 16,293 Total'expenditure 188,986 ' 160,744 / . Power Supply and Track Lighting . The revenue from power and tracklighting wag as-follows: — '■'• 1916-17. 1915-16. £ £ Sale of current for, / power . 11,331 , 8*959 Sale of current for track lighting ... 3,413 3,291 Sale of current for ■ ■ % miscellaneous pur- ' poses 696 513 Total revenue .. 15,440 12,763 The expenditure under the same heading was as follows:— £ £ Generation expenses 6,626 4,849 Distribution expenses 840 • 730 General expenses ... ' 707 519 Total working ex-, penses - 8,173 6,098 Interest .'..., 2,741 2,685 Sinking Fund ...... -668 656 Depreciation .'. 2.129 2,018 Total expenditure 13,711 i' 1,407 V Appropriation Account. The appropriation account and payments made therefrom are as follow:— • .. £ Credit bafance from Tramway Account 18,960 Credit balance from Power Supply ''Account 1,729 . 20,689 •Special Expenditure— . Active service pay 3,803 Refund of Wadostown TTamway rates and rates written off ... 580. Relaying underground ; feeder cables 1,503 Centre'pole alterations 117 Part cost of buildings at Lyall Bay ;; .... 148 Band subsidy and performances :...'. ....'... 110 Annual amount written off preliminary expenses 1,385 Temporary siding at Newtown 180 7,826 Profit on year's operations ... £12,863 , The Bank Balances. The bank balances are shown as follow:— - . • Dr. . Cr. ..£ ' £ Tramway New Works Account '(part of £40,000) .! 30,410 ' '/ Tramway Revenue Account ' . '" 2,783 Wadestown Tramway • Loan Account 1,414 Tramway Accident Fund— ' V* 13,362 Tramway Renewal Fund (on fixed deposit) ... 32",078