DEBIT BALANCE

Dominion, Volume 27, Issue 16, 13 October 1933, Page 9

DEBIT BALANCE

Tram and Bus Systems DEFICIT OF OVER £7OOO A return of tram and bus revenue and expenditure presented to the Wellington City Council last night, covering a period of 24 weeks from April 1 to September 15, discloses a debit balance of £7037, which is £1315 more than for the corresponding period of 1932. The revenue has decreased by over £6OOO, while expenditure has been reduced by £4BOO. A little over half of the debit balance was incurred by the bus services.

In the following figures those in parentheses- are for the corresponding period in 1932. The total tram and bus revenue was £161,981 (£168,130), showing a decrease of £6149. Working and miscellaneous charges were £120,082 (£126.608; tramway capital charges. £46,980 (£45,288); and depreciation of buses. £1956 (£1956). The total expenditure was £169,018 (£173,852), a decrease of £4834, and the debit balance was £7037 (£5722). The tramway revenue was £156,449, showing a decrease of £6OOO. Working expenses and capital charges were £159,628 (£164,330), leaving a debit balance of £3179 (£1881). The bus receipts were £5532 (£5681). a decrease of £149. Working expenses and depreciation amounted to £9390 (£9522). leaving a debit balance of £3858 (£3841), out of the total deficit of £7037.