CURRENT YEAR'S BUDGET

Sun (Auckland), Volume IV, Issue 982, 27 May 1930, Page 10

CURRENT YEAR'S BUDGET

TRANSPORT MANAGER SEES SURPLUS

INCREASED REVENUE

Explaining his budget f° r the !e '' i ending March 31. 13*1. the manage:. : Air A E. Ford, reports. I “Very careful consideration lias been ! given to the estimating of the receipts and I am able to budget on " , in . = es 777 in excess ot those a.t- ---| receipts ‘ \ which closed tamed dm th - ' m on Atarch 31, 3 030, Mr. bot d saj s. expect a total revenue °* f g b |,^ 4 last against a revenue of £ 6< 8,0.4 “•*>■• I ye “ Traffic receipts have bflen estimated on the existing sections and those ol i the extensions which will | operation during the cun ent > eat • ■ are based on .the present scale of fare 1 and running conditions and on carefu ’ estimates of car ana bus miles to be rU “The combined mileage is estimated I at 6.987,329 (trams 6.141 381 miles and omnibus 845,545). and the traffic ie-•-eipts therefrom are estimated a. e 676’’•’I The advertising recetp.s (gross) and sale of scrap and sundry receipts a-e put down at making the tota l receipts £6B <.401. • In addition to -the general depression it is to be remarked that the present number of private motor-cars fs in excess of those registered 12 months, ago and as mentioned before, i private motor-cars Have a t e y s ™u I effect on our revenue as they all moie ! or less carry prospective ti am travel 1 lers. expected expenditure j “I budget for an expenditure of ! £ 687.3 48,” Air. Ford Says. On tin i expenditure side the needs ot exei department have had detailed consid- : oration, and in estimating the amounts i required every attention has been ! -ivf-n to the necessity of full economy j without undue sacrifice of efficiency. Provision has been made for all extraordinary payments, such as flotation expenses. depreciation on buses, accident provision, track renewals suspense account, omnibus purchase suspense account and alterations to offices. . ••The 105 buses purchased in terms i .jf the Motor Omnibus Traffic Act, ■ 1920. were completely written oil by ; depreciation as at March 31, 1930 and i at tlie present time there are only tne 1 r,n English buses for which depreciation has still to he provided. “The estimate of £687,401 for the combined tram and bus receipts, plus £2,043 cash in Hand at March 31 last, less the estimated expenditure of £687,148, leaves an estimated credit balance of £2,296 on the curernt years working.

RECEIPTS This Actual Last Year. Traffic Advertising (gross > 676,221 n,ooo 1.080 666,252 8,895 1,875 Scrap 687,401 678,624 Cash at 31/3/30 . . 2,043 £689,444 EXPENDITURE. This Actual Tear. Last Year. POTror 80,048 *75,594 29:*.. 699 290,195 Distribution . . . . 10,050 8,864 Repairs and maintenance of elec. equipments and repairs & main72,243 66,582 30,240 29,165 Buildings Advertising — Com. 1,200 1,113 3,038 and erecting 2,950 26,058 110,169 Sinking Fund .. . 46,527 40,476 Doan flotation ex.s. 2,000 Deprec. on buses 7,110 6,485 14,836 Accident provision Track renewals — Suspense Omnibus purchase 2,871 2,871 —Suspense .. .. 1,559 Alterat. to offices 600 600 £687,148 £669,167 Balance 2,296 £689,444