THE TRAMWAYS

New Zealand Times, Volume XLIX, Issue 11158, 14 March 1922, Page 5

THE TRAMWAYS

FINANCIAL POSITION MUCH IMPROVED SINCE LAST YEAR. ENCOURAGING FIGURES. For the four weeks ended March 2nd the corporation tramways undertaking presented a credit balance of £22 7/, an increase upon the financial result of the corresponding period Inst year of £1149. The revenue, £32,463, exceeded that of February, 1921, by £I9OO, or 1.51 d per ear.mile. Working expenses were very slightly larger than last year —£24,961 as against £24,802 —but working expenses per car mile represented a decrease of l-10th of a penny. The percentage of working expenses to revenue during the month was 77 per cent., 4 per cent, less than last year: The number of passengers can-led shows »an increase from 3,02-4,-480 to 3,149,626. FOR 48 WEEKS. At this stage last year the operations of the tramways for the previous eleven months presented a loss of £1743. The position has been rectified during the current financial year through the increase in traniway fares, and with four weeks to go to complete the year a "credit balance is revealed of £20,037. It is interesting to note, however, that the number of passengers carried has declined from 34,376,445 during 1920-21, to 34,161,688 in 192122. Other notable points are the' increase in wording expenses and the fall of 6 per cent, jn the percentage of working expenses to revenue. The figures for the 48 weeks from April Ist, 1921, to March 2nd, 1922, with comparative results for the corresponding period of the previous financial year, are as follow:

' 1921-22. 1920-21. £ £ Revenue ' 355,488 316,269 Worjdne expenses ... 279,041 267,174 Special expenditure 3,295 2,918 Capital. charges * 53,115 47,920 Credit balance 20,037 — Debit balance — 1,743 Revenue per car mile 28.75d 26.27d Working exs. per car mile 22.23d 22.19d Percentage of working exs. to revenue 78 p.c. ■ 84 p.c. Passengers carried ... 34,161,638 34,376,445 Oar nulcs run 2,966,9^5 2,888,860