HUGE SALE

Waihi Daily Telegraph, Volume XXXII, Issue 8869, 5 February 1943, Page 2

HUGE SALE

ELECTRICITY IN VALLEY W168.7T7 FOR NINE MONTHS GROSS INCREASE OF £(iOSl/S/‘> That .sales of electricity In the Thames Valley Electric Rower Board for the nine months ended December 31, 1012, had amounted to .£108,737 13s compared with £1(>2,(>5(5 Is 3d for the same period in 1011, a gross increase of £(5081 8s 9d was disclosed al Tuesday’s meeting of the board by the manager. Mr R. Sprague. The report added that the nett increase in revenue, after deduction of discounts, was £3043 3s Sd. This nett increase for the nine months only sets off the increase in the purchase of power for the same period which amounted lo £306(5 13s Sd. Revenue Revenue, stated the report, was received as follows: Lighting and domestic, £73,751 17s lOd; milking motors, £38,105 0s sd; farm motors, £3457 7s lid; waterheaters, 28.083 11s lOd; industrial. £0827 Is 7d; street lighting, £022 I,os lOd; community lighting, 14s ltd; To Arolia Borough. £loo] 2s sd: Thames Borough, £sllß !3s Sd; Golden Dawn Gold Mining Company. £2l 2s sd; dairy factories (3-part.v). £287! 1 Is 2d; estimated revenue from meters not read 3/12/42. £1000; sundries, £BO 14s 0d; total. £IOB,BIB 7s Od. Expendit lire Expenditure comprised the following items: —Power purchases, ''£oo.Boß 11s id; interest and sinking fund, £12,777 Is 2d; administration. £10.004 15s l.ld; maintenance, £10.30 1 17s Id; maintenance replacements, £0 10 1 Is Pd; motor transport, £3213 11s od; discount, £3.3,700 0s Od; proportion written off cash register machines, £123 15s; balance. £1232 Is Id: total, £IOB.BIB 7s od. (’areful Administ rat ion The a hove statement explains the necessity for very careful administration during the present difficult position, and until conditions become normal, large increases in revenue cannot lie anticipated. Ii will be readily seen from the expenditure comparisons that good control has been exercised wherever possible. The financial position as shown in the statement is most satisfactory, and has not deteriorated in compari-

son with last year’s figures. The following figures show the unit increases and decreases of the various services compared with the nine months of 1911: Lighting and domestic power, 1941, 8,037,10-1 units, 1912. 8.oO.'!.808 units; increase. 496764 units. Milking motors, 2,596,821 and 2,635,786 units; increase, 38.965 units. Farm motors. 2-17,531 and 291,1.5! units; increase, -13,620 units. Water-healers. 23,358.332 and 26.089.558 units; increase. 2,731.226 units. Industrial. 0,213.684 and 5.814.995 units; decrease, 398,689 units. Saving In Transport “On the expenditure side of the statement, this shows quite a satisfactory position, with the exception of power purchases, ilowevm, this cannot, he altered during- the present war-time conditions. “Quite a substantial saving has been effected in transport. This has been mainly due to the taking of meter readers’ vehicles off the road.”