Article image
Article image
Article image
This article displays in one automatically-generated column. View the full page to see article in its original form.

CITY TRADING DEPARTMENTS

THE HALF-YEARLY REPORT

Mr H. H. Henderson, city treasurer, in hie half-yearly report on the accounts of the City Corporation's trading departments for the period ended the 30th September last, states: —Water Department.— The water department's revenue has increased by £854 as compared with the corresponding period of last year, while on tbe oilier hand the <xpencliture has decreased by £420, resulting in an increase in the net profit of £1,254. The profit for the half-year k £9,138, as compared with £7,884 for the first half of the previous year. - ; —Ga6 Department. — The revenue of the gas department shows a shrinkage of £4Bl. The working expenses have been reduced by £384, but interest, renewals, and depreciation account for an increase of £441, thus making a:i increase in the total expenditure of £57. The result is a reduction in the net profit of £538, the prolit for the half-year being £5,844, as against £6,382. —Tramways Department.— The tramways revenue for the half-year amounts to £38,777, being an increase for the half-vear of £1,347. On the other hand, the" working expenses have decreased by £721, while interest, renewal fund, and depreciation ehow an increase of only £BO. The net result is an improvement to the extent of £1,988, the profit for the halfyear being £2,366. as compared with £378 for the corresponding half of last year. —Electrical Department.— Tho net profit for the half-year is £3,215 10s, as against £1,412 for the first half of last year, being an increase of £1,803. The revenue for the _half-year shows an increase of £4,1/8, and amounted to £31,039. Generation expenses are less by £602, consequent on the previous year's figures including portion of the expenses incurred through Hood. Other working expenses show an increase of only £l3l. Interest, renewal, and depreciation charges show an increase of £2,846, and would appear to have now reached the maximum. —General. — After writing off £4,181 for depreciation, and .setting aside £14,019 for renewal funds, the' total net profits for the half-year amoufft to £20.564, as compared with £16,057, or an increase of £4,507. —Abattoir and Quarry.— Accounts are also supplied for the abattoir, showing a profit of £351. and for Woodhaugh quarry, showing a profit of £593 for the half-year.

This article text was automatically generated and may include errors. View the full page to see article in its original form.
Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/ESD19141023.2.75

Bibliographic details

CITY TRADING DEPARTMENTS, Issue 15631, 23 October 1914

Word Count
375

CITY TRADING DEPARTMENTS Issue 15631, 23 October 1914

  1. New formats

    Papers Past now contains more than just newspapers. Use these links to navigate to other kinds of materials.

  2. Hierarchy

    These links will always show you how deep you are in the collection. Click them to get a broader view of the items you're currently viewing.

  3. Search

    Enter names, places, or other keywords that you're curious about here. We'll look for them in the fulltext of millions of articles.

  4. Search

    Browsed to an interesting page? Click here to search within the item you're currently viewing, or start a new search.

  5. Search facets

    Use these buttons to limit your searches to particular dates, titles, and more.

  6. View selection

    Switch between images of the original document and text transcriptions and outlines you can cut and paste.

  7. Tools

    Print, save, zoom in and more.

  8. Explore

    If you'd rather just browse through documents, click here to find titles and issues from particular dates and geographic regions.

  9. Need more help?

    The "Help" link will show you different tips for each page on the site, so click here often as you explore the site.

Working