A YEAR'S OPERATIONS

Dominion, Volume 13, Issue 10, 7 October 1919, Page 11

A YEAR'S OPERATIONS

$ or THE MUNICIPAL electric tramjyays. The following summarised details of the. Wellington tramways finance for 1918-19,. have been made available in m'inteil form in the annual report of the Tramways and Electric: Lighting- Departments:— Tramway Hoveuuo and Expenditure. 1918-19. 1917-18. £ £ Revenue 222,892 218,320 Working expenses .... 167,684 155,886 Capital charges 15,062 41,535 Credit balance (on work : account) 10,146 17,89!) Power Supply Revenue and Expenditure, 1918-19. 1917-18. J! 4! Revenue 22,462 19,129 Working expenses 13,858 11,967 Capital charges .; 6,371 6,215 Net surplus 2,233 . 947 .'Appropriation Account. £ Credit balance from "tramways rovenuo account .... 10,146 Credit balance from power supply -xevenuo account 2,233 12,379 Special expenditure chargeable- to 'revenue, and amount written off preliminary expenses 9,532 .. Net credit balance for year ...,£2,847 The amount to the credit of the renewal fund account at March 31, 1919, »ia .£55,841. Of this amount .£43,860 was on fixed deposit at tho Union Bank of Australia,, Ltd., .£1334 was in the bank on , current account, and the balance. represents the. year's propriation.from revenue payable to the commissioners within the month , of April, ,1919...... • • ' Tlw amount Jo," the credit. of the. reservo. fund account a.t, March 31, 1919; was .£21.565. Of this amount i 10,918 was in, the bank W current account 'at tho Unioii Bank of Australia, Ltd., an'd tho balance, .010,647, represents the year's appropriation from revenue' payable into the fund Within' tho month of April, 1919. Tho accident '.fund" .account is now in credit to the extent,of J217,649, of which amount .£4OOO has. been invested in Wnr Loan Certificates, , and the balance, J813.649. is in cash tit the. bank. jhe tramways.' potyer. supply, and public .lighting' sinking funds npw total JiiM.B62. Of this amount' JG52,703 is invested. or on fixed deposit, at the' Union Bank- of "Australia, Ltd., and the balanced ,£8659, ifas in the hands of tho comniissionor's at March 31, 1919. The expenditure' oil now works during the year amounted to ,£9954. After allowing for' the annual writing down of preliminary expenses, .the not increase in ' the capital outlay Sor the year was .£8570. - V Tho total: capital expenditure as at March. 31. 1919, amouiited 1 to made iin as follows':— - : £ ■ Tramways 766,660 , Power supply 36,151 " Track''li'shtingv'l2,l22 - These assets hlive been'built up out of tho following funds:— " ' i .... . , j. Loans 553,230 Ilataitai Land Coy.'s contribution to cost of tunnel 10,000 CAntributions from depreciation- ; ! fund .v 145;068 Contributions 'from revenue (less amounts written oil) 77,645 Sinking fvsnd .applied , in repayment'of loans' .' 5,293 Temporary loan' from district fund ; -25,000 816,236 Less AVadestown tramway iloan ', • moneys, unexpended 1,300 : ...