REVENUE DOWN

Evening Post, Volume CXII, Issue 14, 16 July 1931, Page 6

REVENUE DOWN

TRAMS AND LIGHTING

FIGURES FOR QUARTER

Returns presented to the City Council last evening showed that there hud been substantial decreases in the revenue of both the tramways and electricity departments during the'quarter ended 30th .Tune, as compared with the corresponding quarter of last year.

Tho electricity department still shows a substantial credit, though'mu'cb less than for Hie first quarter of 1930----yi, but the tramways department, .figures, which (rover buses us well as trams, indicate that the year is going to be a difficult one.: lievenue has dropped by £14,000, but against that thero have been substantial savings in operating expenses, but tho quarter's debit is still over £5000 larger than for the Juno quarter of last financial year. The returns are as follows: — TEAMS AND BUSES. ' 1031. 1930. , ~''.'-••£ £ Revenue 93,577 107,515 Operating expenses '.., 74,4-15 84,333 Capital charges (in- , .. ■~.'. eluding depreciation ■ of buses) 24,606 24,267 Total expenses ..... 99,051 108,600 Debit balance 5,474 1,085 1 ELECTRICITY DEPARTMENT. 1931. 1930. '■ '■ • £~ ''. /£ Revenue S6,SOS 93,0-48 Working expenses ... 42,357 • 42,504 Special expenditure (including change- ~ ■ . ■ over expenses) ... 11,7.15 ■ 10,321 Capital charges 21,429 19,824 Total operating ex- ' pensea i . • 75,501 73,649 Credit balance, on ]. ~. ■working account .. 11,307 20,399