GOVERNMENT ELECTRIC SUPPLY SYSTEM

Nelson Evening Mail, Volume LXXI, 17 November 1937, Page 6

GOVERNMENT ELECTRIC SUPPLY SYSTEM

NET PROFIT OF £570,130 FOR YEAR PHENOMENAL INCREASE IN DOMESTIC LOAD [From Our Own Parliamentary Reporter] WELLINGTON, This Day. “The capita] invested in the electric supply systems operating throughout the Dominion totals £34,253,508, which includes £15.125.420 of Government expenditure. and the gross revenue received for the year was £5,124,220,” read the annual statement of the Minister of Public Works (the Hon. R. Semple). "After paying working costs, interest, sinking fund, and depreciation charges, the net profit for the year under review was £570.131. as compared with £554.154 for 1936. which indicates that the electric supply business as a whole is in a healthy condition. The average revenue received by the Government for each unit sold was 0.359 d compared with 0 346 d for last year This increase is due to the revenue received from the retail side of the Department’s business in Southland. Excluding the retail business, the average for this year is 0 344 d per unit. The average revenue per unit sold by all the retail supply authorities to consumers throughout the Dominion was l.OTici. "An analysis and summary of the operating results and other statistics furnished by each electric supply authority reveals the fact that there has been an increased consumption of electrical energy amounting in the aggregate tc approximately 10.6 per cent, over that of 1936. This is due mainly to intensive load building campaigns on the part of the retail supply authorities. a phenomena! increase being noticeable in the electric cooking and electric waterheating side of the busi ness. "The- statistics also indicate that during the past year 15,054 new consumer? have been connected at an average rate of approximately 1.250 per month, and the completed figures for the year show that the ratio of number of consumers of electricity to the total population of the Dominion (1577.1091. is 23.5 per cent., or 25 4 per cent, ot population in areas sipplied with electric-