ELECTRIC LIGHT

Dominion, Volume 18, Issue 185, 1 May 1924, Page 6

ELECTRIC LIGHT

FIGURES FOR THE YEAR A NET PROFIT OF £12,867 The City Council’s electric light department continues to show satisfactory returns. There is a net credit balance of £12,867 for the rear ended March 31, an increase of £37 on the previous year’s figures. The results would have been better but the interest charges increased by during the year—an enormous jump for the one account. On the revenue side there are several items which are considered very satisfactory.. The revenue for public lighting increased by £9203, as compared with the previous year’s figures, public lighting by £404, '‘heating supply by £725, power supply by £626 Bank interest is set down’ as £4657, compared with nil last year. The figures are as follow: —

REVENUE. 1923-24. 1922-23. £ £ Private lighting 110,995 101,792 Public lighting 7,166 6,762 Power supply 10,003 9,377 Heating supply 16,678 15,953 Bank interest 4,8o7 Miscellaneous 492 442 Total revenue 150,191 134,326 EXPENDITURE. Generation expenses 63,088 60,587 Distribution expenses 14,022 15,922 General expenses .. 12,996 12,541 Total working expenses 90,106 89,050 Interest 23,254 7,262 Sinking fund 7,318 7,318 Renewal and reserve Funds 10,280 10,280 Special expenditure and appropriations 6,366 7,586 Total expenses 137,324 121,496 Net credit balance on year’s working .. 12,867 12,830 ■ » ■ 150,191 134,326