THE BOARD'S BALANCE-SHEET.

Star (Christchurch), Issue 9211, 14 April 1908, Page 4

THE BOARD'S BALANCE-SHEET.

RECEIPTS AND EXPENDITURE. The balance-sheet for the year ending March 31, 1908, showed receipts for the year amounting to £91,183 los 1 6d, the working expenses for the same period amounting to £58,088 17s 6d. The balance for payment of interest on loans and provision for sinking fund, depreciation and insurances amounted to £33,094 18s. The principal items on the receipts side of the ledger were cash fare ticket sales £88,715 2s lOd (from which amount the discount on coupons, £3605 10s i 7d, and rebates, £2659 2s, have to be deducted, the net total being £82,450 10s 3d) ; discount j cards, £6576 4s 6d ; school tickets, £595 10s j special trams, £277 12s lOd ; and advertising on, tickets £276 4s lOd. On the expenditure side, the largest items are the wages of motormen and conductors, £15,969 18s lOd; fuel consumption, £4468 14s lid; wages of drivers and conductors of steam trams, £3510 6s sd; power superintendence, wages and salaries, £3198 13s lOd ; cleaning and oiling cars, £2786 Is lid ; fuel and water for locomotives, £1117 3s 3d ; cleaning and greasing tracks, £1682 14s 9d ; and repairs to steam plant, £813 5s 7d, and electrical plant, £101 8s 2d. Repairs to the permanent way cost £5042 6s Bd, and repairs to electrio cars cost £414 Is sd. Repairs to the electrical equipment of the line necessitated an expenditure of £1552 Us Id, public accident compensation amounted to £1272 Is 6d, and salaries of office staff and members' fees amounted to £1481 7s lOcl. The statement of assets and liabilities showed assets valued at £457,476 2s lOd, and liabilities amounting to £457,287 19s 3d, leaving a balance on the revenue account of £188 3s 7d. The liabilities included Christchurch loans, £365,300, Riccarton-Sockburn. loan £55,000, depreciation fund allowances (1907 and 1908) £24,300, temporary loans £4580, and a bank overdraft of £2232 15s lid. The principal assets were estimated as follows:— Permanent way £182,276 12s lid; preliminary expenses, £35.222 2s Id; electrical equipment of line, £61,009 14s Id; electrio cars, £36,555 "17s 3d; power station plant, £34.299 18s 6d; buildings and fixtures, £29,099 ss ; electrical equipment of cars, £14,408 2s Id; trailers, £13,580 16s Id.