THE TRAMWAYS.
FINANCIAL RESULTS OF THE YEAR. THE'OFFICIAL STATEMENT.; """ Mr. Stuart Richardson, M.1.E.E., City Electrical Engineer, has forwarded to the Mayor and members of the Tramways and Power Station Committee of the City Council a statement/of revenue and expenditure showing interest, sinking . fund, and depreciation charges for year ending March 31, 1008, as compared" with the year ended March 31; 1007. It is as follows: — REVENUE ACCOUNT. * RECEIPTS. 1508. 1907. Incr'e. .£. X Traffic .receipts 112,151 91,263' 18,187 Karori mileage dues ... • 3GIB 128 3190 Miramar mileage dues ... 2260 — 2260 Special cars ... ... , 110 57 52 Carriage of mails and messengers- ... . ... 365 ;547 17 Advertising on tickets ... 200 ,2)0 — Rents . .... 219 ■ — . 219 Sale of current ... ... 5531 2451 .1050 Sundry revenue 253. 1-16 107 >£125,010 97.G25 27,385 EXPENDITURE. 190 S. 1907. Incr'e. ■ £. £. £. Power expenses ... ... 13,185 10.934 2250 Traffic expenses 19,861 39,329. 10,510 General expenses ... 5G60 35-18 2111 General repairs . and maintenance ... 1-1,130 9383 17-17 Total working expenses 82,838 03,137 19,650 Balanco carried to not revenue . account ... 12,172 31,438 7734 . .£125,010 97,625' 27.355 » Included in general expenses for 19fl8 are Brooklyn accident, JCB2S; Tramway Band instruments, X3GI. NET REVENUE ACCOUNT. - ' RECEIPTS. 1903., 1907. Incr'e. , . .£. .£. £. \ Balance from revenue . . 'account '. , ... . ... 42,172 34,438/' 7734 , . . .£42,172. 34,438 '7731 .. DISBURSEMENTS. . 1908..' 1907.. Incr'o ' «£. X <£'■ Interest on loans ... 19,563 15/778 3788 Sinking fundi. ... • ... 4661 •.-'3891 " 670 Depreciation at 2:] per cont., ...' ... ... 12,376. 10,140 1935' ■■ ' . 36,603 30,210 . 6393 Balance, being not surplus, carried" to appropriation account 5568 <227 '1340 .<£■12,172 31,433 7731 APPROPRIATION ACCOUNT. •RECEIPTS. 1908.' 1907. t, , £ - ' ' Balance from net revenue . . account ... ... ; 5568-' ' ' 4227 •. \ '' . ' ' .£,5568 :: - 4227 DISBURSEMENTS. 1903. '■ 1907.' .£. £. Annual amount to 1 be. writ- : ten off preliminary ex-- f ' • penses ' ... ... . ... 1282 ■ 1532 Annual amount to bo written- off H.A. , trolloy ( head patont;'rights ... 200 '' .'2OO Balance carried to balance-. ■ x sheet , ... .... ;.. .4085' ' 2495 '■"•V \ <£5563 . . 4227
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Bibliographic details
Dominion, Volume 1, Issue 169, 10 April 1908, Page 8
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295THE TRAMWAYS. Dominion, Volume 1, Issue 169, 10 April 1908, Page 8
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