TRAMWAY REVENUE.

Press, Volume LVIII, Issue 17429, 13 April 1922, Page 6

TRAMWAY REVENUE.

THE XEAR'S FIGURES. SUBSTANTIAL SURPLUS ON OPERATION. The revenue account of the Christchurch Tramway Board for the year ended March 31st, 1922, received by the Board's Works and Traffic Committee yesterday, 6howed a surplus on the year's operation of £5781, as compared with £BB6 for the previous twelve months. The revenue account, with the previous year's figures for comparison purposes, is as follows: —

The General Manager (Mr Frank Thompson.) makes the following comments on the revenue account:— Talcing the figures for tJhe year as they will be published, it may be said that the _ ■ ' Percent. Earnings increased ... • ••■' 5.3 Operating expenses increased ... .3 Fixed charges increased ... 11-3 Car mile 3 increased ... ••• -.0 Traffic expenses decreased ... 1.1 General expenses increased ... 8.2 Repairs increased ... ••• 1.5' Power decreased ... 2.0

The percentage of operating expenses to receipts is 70 per cent., as against 74 pei' cent, last year. The percentage increase in general expenses eeems high. The increase is principally in. superannuation contributions, £702., The Board pays £4425 per annum into its superannuation fund, which :muftt'W regarded .wi «•. substantial addition to employees' salaries. The attached statements include receipts and expenses per oar mile. In this oonnexion fihe following items are interesting:— v Last year. This year. CasUi fare.receipts ... 14.8 d 15.5 d ?jLV>noassion tickets,; • , ' adults, school, etc./ Total receipts . . ~.'. 18 f 8d>*£ -iMd , Turning, to ex]>en6csr---' "Wages: Motonncn and < , ■ conductors 0.4 d 5.1 d Other traffic expemea l,ld ' l ! 9d ■ General expenses ... l.ld 1.2 d Repairs ... ... 3.8 d 3.3d Power ... ... 1,2 d l.ld Total expenses ... 13.5 d 13.3d Before tho war: , Receipts per car mile 15.16 d now 18.9 d Expenditure per car mile ... ... 9.0 d now 13.3d Another point of interest is, that the highest percentage of increases is that of standing oharges, -ris., 11.8 per cent. Thoy have gone- up from £64,001 to £71,506, or £7665. All increases from £ s. d. standard are:— , £ Earnings increased ... 13,412 Expenses Increased ... 805 Fixed charges ijocreased ... 7,665 Surplus ... ... ... 4,895 Traffic expenses decreased ... 1,140 General expenses increased ... 1,347 Repairs increased ... ... 811 Power decreased ... ... 354

1921-22 1920-21 Earnings from opera- &• tion 264,766 251,354 Less operating expenses 186,754 186,089 Less patriotic expenses 655 378 Net earnings ... 77,347 64,837 Less Public Account Reserve 2647 2514 Fire Reserve 1324 1257 Depreciation 16,725 15,618 Renewals 16,450 15,343 Interest 31,169 25,348 Sinking Fund ..: 3249 2921 Total deductions 71,566 64,001 Surplus on year's operation 5781 886 (Shillings and pence omitted.1 i The car mile averages are as follows: 1921-22 1920-21 <*• d. Earnings from operation ... 18.94S 18.360 Operating expenses .. 13.365 13.593 .027 Patriotic expenses .: .047' Public Ace. Reserre . .189 .183 Fire Reserre .. .094 .091 Depreciation ,.■ 1.197 1.141 Renewals .. 1.178 1.121 Interest .. 3.231 1.924 Sinking Fund .232 .213 Total deductions 5.121 4.673