London's Pulse: Medical Officer of Health reports 1848-1972
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Hints from the Health Department. Leaflet from the archive of the Society of Medical Officers of Health. Credit: Wellcome Collection, London
Hammersmith 1906
Seventh annual report year ended 31st March 1907
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174
CAPITAL EXPENDITURE OUT OF REVENUE.
Not only has the amount of Capital as shown in
Schedule No. 2, and the interest thereon, been paid, bu't each
year large sums have been expended out of current revenue on
the repair and maintenance of the Plant so as to keep it in first
class working order, as unless all the Plant is maintained in
this condition it is useless for electric supply purposes. New
machinery and apparatus have also been purchased out of
revenue instead of borrowed money, and this expenditurs is set
out in the Annual Accounts under the heading of "Special
Charges," being the amounts shown on column "B" of the
following Schedule.
SCHEDULE No. 3.
| Year ending. | A | B |
|---|---|---|
| Amounts spent annually on repairs and maintenance of plant, buildings, &c. | Amounts spent out of revenue for new plant, apparatus, &c. | |
| March 1898 | 111 | |
| „ 1899 | 234 | |
| „ 1900 | 734 | |
| „ 190I | 1,117 | |
| „ 1902 | 1,229 | |
| „ 1903 | 2,907 | |
| „ 1904 | 2,698 | 2,528 |
| „ 1905 | 2,339 | 2,026 |
| „ 1906 | 2,252 | 516 |
| „ 1907 | 2,515 | |
| £16,136 | £5,070 |
As the bulk of the money shown in column "A" has
been expended in making good the wear and tear of machinery
and apparatus, such as re-winding armatures and transformers,
replacing tubes and brickwork of Boilers, fitting new cylinder
liners and pistons, new brasses and wearing parts of Engines,
&c., this repairs account, to a certain extent, acts as a renewal
fund, as it is the small details of the Machinery which generally
wear out and require replacement, a very large breakdown or
repair being an infrequent occurrence and covered by the
Machinery Insurance Policy. This expenditure has however
been left out of these calculations altogether.
But not only has the £39,034 shown in Schedule No. 2
been repaid, £i6,i36 expended on repairs, and £5,070 spent on
new plant, as Schedule No. 3 all been provided out of current
revenue, but there has also been an annual surplus after paying
all the above charges as follows: