POWER BOARD REVENUE
An Increase of £1077 An increase of £1077 in the revenue derived from the sale of electricity by the Hawke '$ Bay Electj-ic Power Board for the qnarter .ended on June 30, is shown in a comparison with the revenue for the corresponding period of 1936 Conversely the expenditure for the quarter is greater than that last year "The statement shows a pfofit of £1404 compared with £1814 last year, which is mos.t satisfaetory," CQm-. mented the secretary-manager, Mr. H. H. "Wylie, in his finaneial summary, "In malcing the comparison it must be borne in mind that the revenue for the first two months of last year was at the higher rate prior to the reductions in tariff. "The revenue for the quarter is £568 more thah one quarter of the annuai estimate and the cost of bulk power is £658 more than the estimate. The other expenditure items are practically the samo as thp estimate with the exception of the general administration and the materials items which are £287 and, £662 respe'ctively below the estimate. * "The increased revenue and cost of power Teflecls 'the increases in tho board 's activities and the extensions now under way will mean still further increases in these" ilgures. ' '
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Bibliographic details
Hawke's Bay Herald-Tribune, Issue 157, 21 July 1937, Page 10
Word Count
207POWER BOARD REVENUE Hawke's Bay Herald-Tribune, Issue 157, 21 July 1937, Page 10
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