Article image
Article image
Article image
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.

MUNICIPAL FINANCE

At the annual meeting of ihe Dunedin Municipal Association Air R. Duncan was invited by the president (Air James Connor) to address the meeting on the question of municipal finance. Mr Duncan, in acceding to the request, said he would deal with the figures for the last half-year, as con pared with the corresponding halfyears of 1912 and 1913. The general revenue was satisfactory, and showed a net profit of £20,000, as compared with £16,000 for 1913. The net profit from the water department was £9,138, as coinjiared with £7 884 in 1913 and £5,532 in 1912; gas—£s,B44. £6,382, and £5,108; trams —£2,366, £578, and £730; electric power and lighting—£3,2ls, £1,412, and £1,775 With regard to trams, if this profit was going to be maintained the public would be justified in asking for additional facilities. The revenue earned in the gas department showed a decrease of £4Bl. Coming to the electric power and light department, he maintained that the public were being misled. The unfortunate feature of this department- was that while it showed a profit during the winter months it lost in trie summer. The working expenses in connection with the trading departments had decreased rs compared with the previous corresponding six months. With regard to the revenue for the periods referred to. water stood at £20.991 in 1914, £20,159 hj. 1915, and £18.230 in 1912; gas—£29.l94. £29 675. and £28.810; trame —£33,777. £57,450 and £35,194; electric power and light—£3l,os9, £26.861, and £25.262. The number of s had increased from 2,057 in 1912 to 3,995 in 1914.

Air Duncan then went, on to cron parthe figure? of Wellington City Council eleitric power and lighting department with those of Dwncdi... Ihe capital invested in this department in Dunedin was £454,474, Wellington £176.900; total revenue, £51,940 and £61,963; net sue plus, £992 and £15,809 ; sinking fund and renewal and depieciution, £12,804 and £10,542; total miles of connections, 3,995 and 9,057; light connections, 3,600 and 7,006; average capital expenditure for consumer, £ll4 and £l9 10s : average revenue per consumer, £ls and £7. With regard to the prices received per unit the figures were as follows:—Private lighting—Wellington 6.01 d, Dunedin 3.4 d, just about half what it is in Wellington; public lighting —Wellington 4.34 d, Dunedin not given ; power supply—Wellington 2.87 d, heating 2.1 Id, Dunedin .736<E or about a quarter of the Wellington price ; average per unit sold for ail purposes—Wellington 4.93J, Dunedin 1.17 d. He thought these figures showed that Dunedin city authorities did not realise the value of the goods they are selling. They sell goods here at jd * which the Wellington authorities charge for. The Wellington capital expenditure was £176,000 and ours £454,000, and their revenue exceeds ours by £IO,OOO. He thought of asking the association to approach the council with a request to get outside commercial experience. 'Che president (Air Janies Connor) said they were deeply indebted to Air Duncan for the information given. Mr A- Megpet moved—“ That the executive of the association take in‘o conridcra tion the advisability of making further inquiry into the - hanres at preront made for power and lighting.” This was seconded by Mr D. r> rtU inn., and carri d.

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/ESD19141102.2.6

Bibliographic details

MUNICIPAL FINANCE, Evening Star, Issue 15639, 2 November 1914

Word Count
530

MUNICIPAL FINANCE Evening Star, Issue 15639, 2 November 1914

Working