HIGHER REVENUE

Wanganui Chronicle, Volume 86, Issue 116, 20 May 1942, Page 3

HIGHER REVENUE

i| CORPORATION TRAMWAYS CREDIT BALANCE OF £4037. X “Total revenue showed a I marked improvement on recent ' years, and was £2852 in excess of over-all operating expenses,” statI ed the Tramway Department superintendent (Mr. Holmes), reporting in the absence of the engineer and manager (Mr. Row). Starting the year with a credit baly ance of £llB4, the accounts closed with e a credit of £4037. Expenditure was s confined to a minimum, and did not inelude any major plant or stock purg; chases. 'I “The following tabulation,” Mr. i Holmes added, ".shows a comparison n between estimated and actual revenue - and expenditure:— Estimated. Actual. f-i Total Revenue (£2168 more v | than estimated.) 26,125 28,293 I Tula! Expenditure (£24 leas than estimated) .. 25,465 25,441 ‘lnterest, sinking fund and depreeiae 1 tion charges are not included in any of -'the above figures, and this report - deals with the operating account j only,” Mr. Holmes stated. j I "Tiu- revenue from tram fares was the highest lor many years and was £2,240 mere than the estimated amount, but the revenue from bus fares was £BO below the estimate. i "The increase in tram fares can be I attributed to the petrol restrictions ' which resulted in greater use being i made of the trams oy the motoring ; public. Adverse weather conditions, I throughout the summer holiday period J considerably affected the Castleclifi ! revenue.” ' The following table shows the up- ■ ward trend of tram and bus revenue from the year 1936-37, when revenue | had reached its lowest level:— Trams. Buses. t; £ x S 1936-37 19,400 1.63 S Lil 1937-38 21,129 1,677 • 1938-39 21,100 1,700 J I 1939-40 21.678 1,802 i 1940-41 22,534 2,142 J 1941 -4- 25490 Due mainly to petrol restrictions, L J the bus operating account showed a w loss of £lO2 last year, receipts being i £2120 and expenditure £2222. ( i The number of passenger rides for /. ’ the year over the combined tram and ‘ e bus services was 2,256,599.