Accrington on Rails - The Tramways: A Complete History - Robert Kenyon

EXPENDITURE NET REVENUE ACCOUNT

ITEM

1921/2 2

1922/2 3

Repayment of debt

£5,000 £5,479 £613 £2,123 £5,296 £4,721 £5,591 £6,365

Income tax

Interest on dividends Balance to appropriation account

TOTAL

£16,50 0 £18,68 8 EXPENDITURE APPROPRIATION ACCOUNT

ITEM

1921/2 2

1922/2 3

Motor Ambulance

£239 £14 £56

£179

New floor and rails in depot Toilets at Market Offices Depreciation & Renewals Fund

- -

£2,234 £2,305

Profit for year

£3,048 £3,881

TOTALS £5,591 £6,365 DEPRECIATION & RENEWALS FUND The amount credited at March 31 st , 1922 = £30,888. Add interest on investments = £1,260. Add contributions for year 1922/23 = £2,305. Total in credit at March 31 st 1923 = £34,453. The amount of the calculated Depreciation & Renewals Fund at 31/3/23 = £39,431 – 3s – 11d. CONTRIBUTIONS Year Car miles @ 1d per car mile Interest @ 3% TOTAL @ March 31 st 1923 1922/2 3 553,321 £2,305 – 10s – 1d £1,182 – 18s – 9d £42,919 – 12s – 9d The ‘actual’ sum set aside on March 31 st , 1923 is £34,452 – 18s – 9d. The deficit on this basis being = £8,466 – 14s – 0d. Calculating this year’s contributions @ 2½ pence per car mile, (which is approximately the present cost of permanent way renewals), the amount would be £5,763 – 15s – 2d, a difference of £3,458 – 5s – 1d. The corresponding figure for the past three years = £10,512 – 12s – 11d. This would give a deficit on this Fund of £22,446 – 12s – 0d. The total length of track is equal to 10½ miles. Taking the cost of renewal at £11,000 per mile of track, there is only sufficient money to renew 3 miles of track, and this after 16 years which was the estimated length of life the track would have when first laid. It is now ‘estimated’ that the track will serve for a further five years. The total sum taken from the rates and not yet repaid amounted to £4,558 at the end of this financial year. It was resolved to accept the Borough Treasurer’s report. June At a meeting of the Electricity & Tramways Committee the Tramway Manager submitted samples and tenders for the supply of uniforms for the tramway department’s employees. The Town Clerk read out a letter from a regular user of the tramway, suggesting the introduction of a yearly contract and better facilities for obtaining discount tramway tickets. It was resolved to reply that whereas they could not adopt this first suggestion, they had already issued instruction for the easier availability of places where discount tickets could be obtained. The Tramway Manager was directed to resume issuing members of this Committee with monthly traffic returns as he had done in the past. July The Electricity & Tramways Committee met, and referred to an informal discussion which had taken place at the last meeting. This had suggested operating a ‘trial’ service of motor buses within the

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