TRAMWAYS SHOW LOSS OF £4903 FOR THE YEAR.
BX G DECREASE IN NUMBER OF PASSENGERS. The chairman of the Tramway Board. Mr J. Wood, has forwarded the fol- - information respecting the work of the tramwavs for the rear closed on March 31, 192S:—
The board has spent £19,982 in ordinary maintenance of tracks, apart from track renewals. Much of this sum is for surface repairs, the effect being that the road local bodies are relieved from maintenance of the tram portion of the road. If the board received credit for this, it would be able to report a surplus rather than a deficiency. The board’s tracks were never in better order, taking the system as a whole, and are so much better than the rest of the roadway that most of the vehicular traffic is concentrated on the tram tracks, thus increasing the board's maintenance expenses.
Earnings £ 283.450 Operating expenses 205.102 Net earnings 78,348 Interest 56.240 Sinking fund Depreciation 25,428 Deficiencv 7.193 Less surpluses on quarrv and shingle pit accounts 1,666 Balances brought forward from previou* •'•ears after paving £1229 for North Beach poll expenses and £728 for office alterations 624 2,290 Net deficiencv 4,903 C-- nnt ; p , I *. paled. Earnings decreased 7.207 Operating expenses decreased 5,794 Interest and sinking fund increased 1,711 Depreciation increased 5,389
Previous PASSENGERS. Tram. Bus. Total. 24.891.396 802.266 25.693,662 Last year 24,695,645 800,266 25,495,911 Decrease in passengers .. 197,751 1927 MILEAGES. Electric Cars. Trailers. Buses. . 2.676,432 899,548 199.428 1928 . 2.666,477 738,024 216,933 Decrease in car miles run, 153,974.
Christchurch operating expenses per car mile are lower than those of the other principal tram concerns in New Zealand, according to the latest figures available, but receipts per car mile are also lower: Operating Expenses Receipts per per car mile. car mile. d. d. Wellington 19.70 25.91 Auckland . 17.60 21.58 Dunedin 14.70 20.78 Christchurch .. 13.59 18.78
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Star (Christchurch), Issue 18442, 18 April 1928, Page 7
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308TRAMWAYS SHOW LOSS OF £4903 FOR THE YEAR. Star (Christchurch), Issue 18442, 18 April 1928, Page 7
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