TRAMWAY CO.'S LAST YEAR.

Auckland Star, Volume LI, Issue 20, 23 January 1920, Page 2

TRAMWAY CO.'S LAST YEAR.

(PROFITS REDUCED. The financial results of the Tramway Company's operations during -tie year ended June 30, 1919, have been reported upon to the City Council by its auditor, Mr. William Kayll, whose statement shows a reduction of £20,306 in the gross profits, compared with the previous year; the City Council's share of the profits being £3885 9/6, compared with £5030 13/7 in the year 1917-18. The details for the two years are as follow: — 101S.10. 1017-IS. £ £ Traffic receipts 202,503 294,504 Other receipts 3.324 3,421 Total receipts'.'/.. *295,527 £297,05-I Running expenses 127,77« 116,103 Repairs, .eti:../.-.«.. 0...:- - 42.351 ;w.MS Taxes,: rents,- .«.-. ;■" 4P.ptvt :54,131 City rates * L>.241 Depreciation 22,000' 25,000 Total expenses £234,071 £216,823 Gross profit £GO,SSG £31,162 j The auditor states that the influenza j epidemic materially curtailed the traffic revenue, the returns for the period from November 8 to December 18, 1918, showing a total of £20,350, compared with £25,034 in the corresponding period of last year, a deficit of £7,654, and with the addition of a donation of ££K0 to the employees' sick funds the loss in traffic receipts in this period amounted j to £5,004.. I