Norwich bulletin., 1914-10-06

The i've gas and electric eommis ESioners of the city-Dr. J. J. bono- hue, Daniel T. Shea. David $. Giimo1r' Archibald S. Spalding and Cnaries E. fWhitaker- submitted their annuai re, sport of the operations of the gas ana electrical department to the common scouncil on Monday night.
 In it they. show that the profit Tor kthe year up to July 31 was S23,SS6.oz, barriving at this figure after deducting lover sIe.O00 in interest charges which Fhad never before been charged up against the plant Without this in- iterest charge, the profit would have Ebeen S41,174.51,' as compared with a tprofit of $44,095.03 in the previous year. ;, Charging Up Interest.
 The report contains the following statement regarding the profit and loss during the year:
 iurer on the books of this department traye never agreed with the books of sthe city treasurer owing to the fact 2hat the city treasurer has charged Ithis department with all interest or every nature since the purchase of the plant by the city, and this department has never given the city treasurer ecredit for the same on the depart sment's books
 we have charged to surplus all in- sterest paid by the city treasurer on t1G6 DOnQS ana notes Ol tIlle QSPdft- iment up to July 31, 1913.
 Since Aug. 1, 1913, this department is being charged for all interest on :$400,00o mortgage bonds, $227 ,000 gas and electric plant bonds, $60,000 gas and electric plant improvement bonds sand $15.000 gas and electric improve ment loan.
 After charging against the business all interest on tn eabove and allowing 5 Der cent. depreciation on the book value of the plant, we show 8 gain for the year of $23,SS6.62.
 Had the loss or gain been figured as in previous years, it would have shown a gain for the year of $40,174.51, a difference of $16.2s7.Se, the amount of interest which was charged against the business during the past year which has never been done heretofore.
 We have also divided the account of the ciyt treasurer showing the bal- ance in the. sinking fund. the balance in the reserve fund and the working cash balance in the hands of the city treasurer"
 Earnings of Each Department.
 Of the total net amount of s23, ,SS6.62 profit, the report shows that the elec- trical department earned $20. 0.306.0S ani the gas department earned $3,580.59.
 In the report of the preceding year, when the profit of the department amounted to $44.095.03, the gas plant earned $7.712.06 and the electrical plant earned 36.8s2.S7.
 Statistics Given.
 Some of the statistics given in the report were the following:
 Number of lights in use July 31, 1914, arc lights PTS, incandehscent lights 346. cost per 1ight-Arc lights $5455, incandescent lights $7.7o. These have burned every night during the year.
 The cost of lighting, both gas and electric, to the city of Norwich for the past year was. gas $I20.90, eletric B1S.873.31; total. SIS s,994.21.
 During the year there has been add ed to the gas plant equipment one 800, 900 cubic foot gas holder. at a total cost of $39, 9,280.34. divided as follows: Gas holder $33,S00, concrete foundation s2,6So. The balance of S2,s00.34 was expended for two 20-inch service pipes and cost of thei installation, engineer Ing services and incidental expenses. The appropriation for the holder was AO,O00. New, mains have been laid during the past year at total cost (including labor, etcc.). of $1r rS93.62. New gas servies have been laid during the year at g. total cost, including labor. etc, of $1,251.10.
 Meters in use July 31, 1914: Gas I,070, increase past year 1S6; electric light 2,210, increase 331; electric power l52, increase T., total 5.432; total in srease 524.
 In addition to new lines and service