POWER BOARD’S FINANCES.

Matamata Record, Volume XVI, Issue 1447, 3 August 1933, Page 4

POWER BOARD’S FINANCES.

IMPROVEMENT SHOWN.

Increased Revenue for Quarter.

The financial position of the Thames Valley Power Board for the quarter ended June 30, 1933, showed an improvement over the corresponding quarter of 1932, according to tne manager’s report submitted at the August meeting of the board Tuesday.

The Chief Items. The increase in sales of electricity for the quarter amounted to £1316 5s 7d. With the exception of street lighting all services showed increases. The most permanent increase was. the domestic supply which totalled £402 2s sd, for which the range hiring scheme was mainly responsible. A big loading under this heading is anticipated during the current year. Power purchased from the Government power stations had nety shown any increase, notwithstanding the large increase in connected load, for the year. This appears to be due to the condensers, and the balancing of the load.

Cost of New Meters. The meter replacements for the quarter total £2145 4s 6d. The total cost under this heading for the installing of three-phase metering in sheds will amount to between £4500 and £SOOO when completed. This expenditure could be capitalised, but it is proposed to take £2075 from the depreciation fund and the balance from reserves. It certainly would not be equitable to load the current year with this expenditure. Notwithstanding this debit on the expenditure side, the position for the quarter shows an improvement over the corresponding quarter in 1932. How Revenue was Derived.

The following statement shows revenue under the different headings, and the increase or decrease compared with 1932: —

The Board’s Expenditure. The expenditure for the quarter was made up as follows: —

Totals .. 34,877 3069 2057 : .,noxi Ex.—Expenditure. In. —Increase. De-.—Decrease. ,

Rev. In. De. £. £. £. Lighting 7,980 19 — Domestic power Milking & farm 4,863 402 motors 11,392 4 — Waterheaters 2,823 172 — Industrial pow'v 2,533 102 — Street lights Community 308 * 29 lighting Towns & bulk 38 4 supply Factories, 2,494 541 3-party Trading 785 99 150 Sundries 90 42 Totals 33,311 1346 222 Rev. —Revenue. —Decrease. In.— Increase. De.

Ex. In. De. £. £. £. Power purchases Interest & sink8,800 — 9 ing fund 12,855 — 550 Administration 2.213 — 124 Maintenance 1,635 — 270 Replacements 1,607 435 — Meter replace. 2,145 2145 — Motor transport Meter change-over 746 Ill expenses Allowance 130 machines 64 — — Depreciation — 491 1000 Discounts 4.679 —