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MUNICIPALISATION.

A SOUTHERN' SUCCESS. (Ti.v Telegraph.—Own Correspondent.) CHRISTCHURCH, this day. As an example of the success that is sometimes aehiev d by the tzrunicipulisai!t)ii of public services, the case of the l.vttp.ltoii gas \v. ■ s ■ riy interest your readers. A year • *:e works were apqiiiri'il compiili-.ii y ly the Lyttellon. Council. i :.i' report for the ii-st year of municipal manager.ent, v liii-ti has jnsi lipen presented, sho-s a remarkable iinniicial improvement. A r iinpavative statement of revenue "id expenditure between the last ye;;: of i c company's management and the. first v : ;.- of the council's management snowed that the revenue from gas sales J i -id increased by £404, or 21. : 2 per .hi: coke by £58, or 35.5 per cent.; 1 .r by £"33, or 20.4 per cent.: and sundry sales and fitting.? by £52, or 247.6 i,."r rent. The tetal earnings had in,mi~<ml from C 2215 7/ in the ] :> i year of ITip company's man- . ~|i ,>M In £-27C2 1/7 ■in the f;--st year of the council's management, an increase o i per cent. The tobil *-xpeii3i'a had decreased from £IUSI !i I to E1371 5/i. or iiy Si -per i-eut. I'iit! groHS protit. had increased from .-! 5M0".17/11 to £1390 10/. or 07.4 per ';in. 'L"he dividend or intprest had der;cased from £*00 to £58!) 19/4, or b.« '"; 2 per cent The net profit had adv.incril from JEM 17/11 to £800 16/3, n ) increase of i; 770. or 2566.6 per cent. / nothor table showed that the gross cost of manufacturinfi 1000 ft of gas had I .en 8/8.60 under the company, and ? 7.42 under the council. The average sale price had been 9/52.8 under the Company, and 9/1.3 under the council.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/AS19031222.2.98

Bibliographic details

Auckland Star, Volume XXXIV, Issue 304, 22 December 1903, Page 2 (Supplement)

Word Count
284

MUNICIPALISATION. Auckland Star, Volume XXXIV, Issue 304, 22 December 1903, Page 2 (Supplement)

MUNICIPALISATION. Auckland Star, Volume XXXIV, Issue 304, 22 December 1903, Page 2 (Supplement)