MUNICIPAL TRADING

Evening Star, Issue 23094, 21 October 1938, Page 7

MUNICIPAL TRADING

HALF-YEARLY FIGURES PROFITS DOWN IN MOST DEPARTMENTS LOSSES ON CITY TRAMS AND BUSES The profit and loss accounts of, the various trading departments of the City Corporation for the half-year ended September 30 have been completed by the city treasurer. (Below are given the figures for each of the departments, with the figures for the corresponding period of last year in parentheses:— Water Department.—Profit of £5,369 19s lid (£5,554 6s 2dl. a decrease ot £lB4 6s 3d. Gas Department.—Profit of £7,059 ]ss 5d (£5,324 17s 8d), an increase of £1,734 17s 9d. Electric Power and Lighting Department. —Profit of £30,288 65 8d (£35,466 12s 9d) a decrease of £5,178 6s id. City Trams.—Loss of £3,623 11s 2d (profit of £4,232 17s lOd), a decrease of £7,856 9s Buses. —Loss of £5Bl 2s 7d (loss of £278 12s lOd). a decrease of £302 9s 9d. Mornington Trams.—Profit of £423 11s 4d (£438 11s Id), a decrease of £l4 19s 9d Roslyn Trams.—Loss of £I,OOO 16s 2d (loss of £BB9 14s 6d), a decrease of £lll Is Bd. The total figures show the profits for the half-rear just ended to be £37.936 3s sd, compared with £49,848 18s 2d for the corresponding period of last ear and representing a decrease of £11.912 14s 9d. The balance-sheet and other statements of the Dunedin City Sinking Fund Commissioners for the year ended March 31, 1938. show that the total amount of the funds at the close of the year was £498,836 6s sd. The increment for the past year averaged £4 3s per cent.