Lyttelton Gasworks.
RESULTS OF MUNICIPALISATION. As ait example of the success that is sometimes achieved by the municiptalisuivon of public services, the case of the Lyttelton gasworks is <Lutng qinoto.l. A year ago the works were awjuiivd conipulsorily by the Lyttelton Borou-gh Council. 'll»e ieport for the first year oi municipal which has just been presented, shows a remarkable fcnan-ci-al improvement. A comparative statement of revenue and expenditure between the last year of the i company's manaigement showed that | the revemw from gas sales had incieaseJ by £404, or 21.2 per cent.; ; from coke «by £i>B, or 55.5 per cent.; from, tar by &VA, or 26.4 per cent. ; ; and from sundry sales and fittings by £52, or 247.0 per cent. The total earnings had increased from £2215 7s in Che last year of the company to £2762 Is 7d in the first year of the council, an increase of 24.G per cent. The total expenses had decreased from £1384 9s Id to £lll7l 5s 7d, or by 9 per cent. The gross profit had increased from £B3O t7s lid to £1390 365, or 67.4 percent. The dividend or intereyt had decreased from £BOO to £589 19s 4d, or 26.2 per cent. The 'net profit had 'anivancod from £BO 17s lid to £BOO 16s Bd, an increase of £770, or 256.6 per cent. Another table showed that the gross cost of manufacturing 1000 ft of gu. i i had been 8s 8.66 d under the company and 6s 7.42 d under the cauncil. The average wale price had been Us 2.8 d under the company and 9s I.Bd under the Council.
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Taranaki Daily News, Volume XLVI, Issue 4, 6 January 1904, Page 4
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270Lyttelton Gasworks. Taranaki Daily News, Volume XLVI, Issue 4, 6 January 1904, Page 4
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