MIRAMAR BOROUGH TRAMWAYS.

Dominion, Volume 4, Issue 1197, 4 August 1911, Page 6

MIRAMAR BOROUGH TRAMWAYS.

THE BALANCE-SHEET. A balance-sheet of the- Miramar Borough tramways was laid on the table at lust night's meeting of the Miramar Borough Council. ■ The revenue account for the year ended iMajch 31, 1911, showed a net loss of .£559 las. The revenue amounted to .£2794 (i≤. 10d. and the expenditure to ,£3354 Is. lUd. On the Jliramar section the ordinary receipts were .£'1315 175., and the extraordinary receipts .£lB 11s. id., totalling .£1334 Bs. 4d. On the Seatoun section the roc?ipts were .£1415 lbs.; Xl 6 10s. was collected for the carriage of mails,- and ,£27 _ 10s. 6d. from other sources. The traffic expenses on the Jliramar section, were XI7G9 4s. 3d., Scatouu tection £3217 10s. Hid., the.general repairs and maintenance cost .£77 (is. Sd., and the general expenses amounted to ,£59 2s. id. The liabilities were loans ■ totalling -£'■28,09.-) (at 41-.-per cent),- subsidies towards construction, ,£15,500; sinking fund, .£555-15s. 5d.; and district fund, .£■3067 19s. lid.; totalling .£48,118 15s. id. The X 3067 19s. lid. less than the liabilities. The chief.assets were-.— Permanent way and overhead equipment, .£26,794 15s. 3d.; and road-work, half-cost tunnel, shelters, lighting, preliminary expenses, .C33.9GG.

The loss for the ;>cnr was £1926 6s. 5d.; revenue .account, .£559 155.; interest on loans, .£llsl 18s. Id.; and sinking fund, ■filSi 13s. "Id. A report from the Tramways Committee stated that tho tramway returns showed that, the balance due to the city, for tho running of the cars from April to July had decreased from <£32t 2s. Bd. (in last year's period), ,£3l ps. 2d. (in this year's period), an improvement in the position of the tramways of .£293 2s. 7d. The Town Clerk was instructed to endeavour to arrange for through fares on the last car on each line.