P.--1

46

Working-expenses . The operating or working costs for the year compared with the previous year were as follows: —

Financial Results of Year's Operation. The growth of the output and the financial results of working for the three complete years of operation are as follows : —

1917. 1918. r Expenditure. Cost. ' Per Unit sold. j Cost. Per Unit sold. G eneration Transmission Main distributing-station H.T. distribution L.T. distribution Stand-by plant Management and general expenses £ d. 3,741 0-077 2,559 0-052 1,661 , 0-034 1,723 0-035 538 0-012 2,667 0-055 d. 0-077 0-052 , 0-034 0-035 £ 3,737 2,195 1,884 1,820 268 1,104 3,441 £ 3,737 2,195 1,884 1,820 268 1,104 3,441 d. 0-045 0-027 0-023 0-022 0-003 0-013 0-042 d. 0-045 0-027 0-023 0-022 0-003 0-013 0-042 0-012 0-055 I Total worldng-expenses 12,889 J; 0-265 0-265 14,449 1 .4,449 0-175 0-175

First Year, ending March, 1916, Second Year, ending March, 1917. Third Year, ending March, 1918. Capital outlay Costs- — Working-costs Interest, 4 per cent. Depreciation, 2 per cent. Total costs £320,330 £9,383 £1.1,398 £5,386 £26,167 £366,984 £12,889 £13,743 £6,078 £32,710 £389,754 £14,449 £14,871 £7,013 £36,333 RevenueWholesale consumers Retail consumers Miscellaneous Total revenue Maximum load (kilowatts) — Power-house Substation Units output — Power-house Substation Units sold — Wholesale consumers Retail consumers Total units sold £7,723 £537 £258 £8,518 . 1,372 1,220 4,860,260 4,128,232 3,917,841 76,926 3,994,767 £19,021 £983 £750 £20,754 4,366 3,900 £29,166 £1,912 £1,014 £32,092 5,438 4,800 14,774,960 12,934,230 22,403,660 20,539,430 11,474,961 190,000 11,664,961 19,537,386 307,290 19,844,676 Losses — Transmission losses Percentage Distribution losses Percentage Average weekly load, factor (percentage)-— Power-house output Substation output Annual load factor (percentage)-Power-house Substation Working-costs— Per kilowatt (power-house maximum) Per kilowatt (substation maximum) Per unit generated Per unit sold Capital charges — Per kilowatt (power-house maximum) Per kilowatt (substation maximum) Per unit generated Per unit sold Total cost — Per kilowatt (power-house maximum) Per kilowatt (substation maximum) Per unit generated Per unit sold 752,028 15-0 133,465 3-2 44-3 43-3 40-5 38-6 £6-80 £7-70 0-46d. 0-56d. £12-20 £13-70 0-83d. l-01d. £19-00 £21-40 1 -29d. l-57d. 1,840,730 12-5 1,269,269 9-8 52-9 53-1 38-6 38-0 £2-95 £3-32 0-208d. 0-265d. 1,864,230 8-3 694,754 3-4 58-0 58-4 47-2 48-9 £2-66 £3-01 0-155d. 0-175d. £4-55 £5-08 0-322d. 0-41d. £4-04 £4-56 0-234d. 0-265d. £7-50 £8-40 0-53d. 0-675d. £6-70 £7-57 0-389d. 0-44d. Revenue — Per kilowatt (power-house maximum) Per kilowatt (substation maximum) Per unit generated Per unit sold £6-20 £7-00 0-42d. 0-512d. £4-75 £5-30 0-337d. 0-427d. £5-90 £6-69 0-344d. 0-388d. I