KEIGHLEY'S PROFITABLE BUSES.
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An Analysis of the Annual Balance Sheet of the Keighley Corporation.
THE accounts for the year ended Mardi 31st last of the Keighley Corporation passenger transport department show a loss on the working of the trolly vehicles which amounts to 14,310, this following losses of 14,108, £3,191 and £2,858 in the immediately preceding years. The motorbus section shows a
profit of 1405, this succeeding profits of 13,611, 12,326, 11,383 and 13,646 in the previous four years.
In the trolley-bus accounts are included liabilities due from an old system which was operated in the outer districts, the new system now working in the town having been installed, in 1924, in place of the tramways. On the old and the new systems a sum of £61,905 has been borrowed and of this amount there is still outstanding £31,492Of this, £7,064 is due to the old system and £24,428 to the new. The loss for the year has been met by transferring £2,789 from the borough fund and £1,529 from the motorbus reserve or renewals fund, the latter having been reduced, during the year, from £2,983 to £1,279.
The traffic revenue on the trolleybuses amounted to £18,693 (last year £18,780) and the total revenue was recorded at £18,952 (£19,101 in the previous year). A sum of £1,682 was paid in respect of interest and £4,096 in connection with sinking fund charges, these figures comparing with £2.002 and £4,253 respectively in the preceding year.. A total of 342,116 vehicle-miles Was run during the year, COmpared with 308,578 miles in ,1927-8, and the passengers carried, numbered .3,960,847, compared with 3,892.371 lastyear.
The average traffic revenue per carmile _was 13.05d., and the total revenue was 13.29d., these figures comparing with 14.60d. and 14.85d resPectively, in the preceding year. The average Working expenses per car-mile were 10.106. (excluding power cost) and 12.24d. (including Power cost). The average fare paid per passenger was 1.12d. and the length of route in operation 3.41 miles.
Details of the motorbus section show that the capital expenditure amounted to £47,679, compared with £35,192 at the beginning of the year. There has been a total of £21,109 contributed to capital account from revenue, and the reserve or renewals fund amounts to £1,280, this being compared with 12,983 at the commencement of the municipal year.
The total revenue on the motorbus section was £43,529, compared with £40,590 in the preceding year, whilst the working expenses amounted to £36,096. against a total working expenditure of £31,726 in the year 1927-8.