THE CITY'S TRAMS

Evening Post, Volume CV, Issue 90, 16 April 1923, Page 8

THE CITY'S TRAMS

A YEAR'S FINANCES

CREDIT BALANCE OF £19,044

A SATISFACTORY POSITION.

For the financial year, which closed on 31st March last, the Corporation tramways produced a net surplus of £19,044, a decrease of £3363 upon the .credit that resulted from, the operations of the department in 1921-22. Working expenses decreased by over £6000, and there was an increase of about 340,000 in the number of passengers carried. A satisfactory surplus is also revealed in the power-supply balance-sheet; tha credit balance amounts to £8542, as compared with £2382 for the previous financial year. The electric lighting department shows a surplus .of £12,830, slightly more than in 1921-22.

The detailed figuree are ac follow :—

Commenting on the tramways finances Ho-day, the Mayor (Mr. R. A.'Wright, S.M.P.) said that the decline in the credit 'balance as compared with last year was explained by the fact that certain reductions had been made in the price of (concession tickets. It was satisfactory [to note that working expenses were still j falling. On the whole, he regarded the j year's return as very gratifying.

1922-23. 1821-22. Revenue £387,931 £387,149 Working Ex. and Special Rev £301,153 £307,512 Capital Charges £67,734 . £57,230 Net Surplus £19,044 £22,407 Percentage of Working Ex. to Roy. ... 77 p.o. 78 p.o. Roy. per Car Mile . 28.51 d 28.79 d Working Ex. per Car Mile 21.86 d 22.60 d Passengers carried . 37,465,109 37,127,814 Car Miles Run 3,265,417 3,223,473 ' POWER SUPPLY. 1922-23. 1921-22. Revenue £42,127 £37,574 Working Exponses ... £23,924 £26,674 Capital Charges £9,661 £8,545 Net Surplus £8,542 £2,382 Units sold 3,765,959 3,224,971 ELECTRIC LIGHTING. 1922-23. 1921-22. Revenue '. £134,326 £127,582 Working Ex. and Special Expend. £96,636 £96,546 Capital Charges £24,860 £18,602 Net Surplus £12,830 £12.434 Units sold 7,685,318 7,180,112