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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.

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

Bibliographic details

CITY TRADING DEPARTMENTS, Evening Star, Issue 15631, 23 October 1914

Word Count
375

CITY TRADING DEPARTMENTS Evening Star, Issue 15631, 23 October 1914

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