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Municipal Lighting in Wanganui.

A SUCCESSFUL UNDERTAKING

The annual statement laid before the Wanganui Borough Council recently by the Mayor of Wanganui, m so far as it relates to the Council's management of their Municipal Gas Works, is very pleasant reading for the supporters of Municipal business enterprise. Last year the Council reduced the price of gas by fid per 1000 feet, and made a further reduction of 5 per cent to power users, the present price to small consumers being 5s 6d per 1000 feet, and it is proposed this year to further reduce the price to 5s per 1000, with another reduction on this price of 5 per cent, to power users. On March 31st, 1904, the Wanganui Gas Municipal Woiks showed a balance of assets over liabilities of .£1.367 6s 3d. This y&ar the balance is 17s 7d. The profit an I loss account this year also shows a very healthy state of affairs. The receipts, including an amount of £3342 13s sdt tasterred from the loan account for extensions tr. plant, and buildings amounted to .£18,887 6^ 4d. The expenditure including the £3342 13s 5d expended on buildings and plant, .£1875 loan iiiterpst and sinking fund allowances and £1800 transferred to the general account, was .£16,141 19s lOd, leaving a oredit balance of £2,745 6s 6d. Working on the basis of last year's transactions, a very safe estimate, the proposed reductions m the price of gas will mean a loss to the municipality of about J>Boo which still leaves the probable net profit at £2,000,

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/AG19050609.2.9

Bibliographic details

Ashburton Guardian, Ashburton Guardian, Volume XXII, Issue 6591, 9 June 1905

Word Count
259

Municipal Lighting in Wanganui. Ashburton Guardian, Volume XXII, Issue 6591, 9 June 1905

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