Sessional_Paper_1938 — Page 97

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Appendix I.

COST OF WATER SUPPLY ON 1937 BASIS.

1. Staff Charges.

(a) Salaries, including leave salaries, acting pay and

overtime

(b) Passages

(c) Transport

(d) Housing (approx.)

(e) Cost of Treasury staff (approx.)

() Pension Contribution @ 15%

2. Maintenance Charges.

$238,597

22,128

9,850

17,500

10,000

32,552

$ 330,627

(a) P.W.R. including 10% for office rent, incidentals,

typhoon damage, etc.

452,986

(b) P.W.E. items of recurrent nature (new meters, service

pipes, etc.)

98,848

(c) Waste prevention service (new charge)

40,000

591,834

3. Capital Charges.

(a) Expenditure from loan.

Interest and sinking fund charges on amount of

loan raised-$14,000,000

(b) Expenditure from Revenue (estimated up to end of

1937)

Finally charged

"Advanced"

Interest at 2%

GRAND TOTAL

1,010,800

$15,578,000

3,090,000*.

$18,668,000

373.360

1,384, 160

$ 2,306,621

Actual Revenue for 1937:

2% Rate.

Meter & Fire Service rental and Excess consumption ...

706,739 1,898,856

Less 20%

2,605,595

521,119

Net revenue

$ 2,084,476

* When

loan is raised and advances from revenue are repaid, interest at market rate and plus sinking fund charges will be payable instead of the 2% provided.