74 
The average profits of the Waterworks for the 10 years 
ended June 80th, 1875, are as follows :— 
Averagelinterest PaiG\sasjesicieiemictaticle sisicielclo ee selene viet £2893 
10 years’ profit.......+e+2+. 7879 
Sinking Fund .............. 1457 
10)9336 933 
Total average Profit .....cceserccecsccee res eree cece £3826 
The amount allowed for depreciation during the six years 
ended 30th June, 1874, is £4378, or an average of £728 per annum. 
The Burnley Market Company was formed in 1829 with a 
capital of about £3,000, in £10 shares. This was formed into a 
limited company. in 1864, and when the undertaking was 
sold to the Corporation and the company finally wound up, I 
am informed that the shareholders were paid off with five times 
their original investment. 
The financial result of the purchase of the Market by the 
town’s authorities is very unsatisfactory. 
Ceased. 
The total sum paid June 30th, 1866 ..... weeee 22569 17 
12 months later an additional sum was spent in 
property, &c., amounting tO ...... see eee ee 18911 6 8 
Making the cost to June 30th, 1867.......0..0. 41481 3 11 
The additional outlay to June 30th, 1875,is.... 15405 5 4 
And the present cost of the property amounts to 56886 9 3 
To this sum must be added the total loss on this 
department since the undertaking was pur- 
chased, amounting to..... avetayiierguarelatiantcors civinexe 10395 3 11 
The present sums to the debit of the markets 
being therefore .........0esseevees doavesor 67281 13 2 
The average annual profit of this undertaking is 
as follows :— 
Average interest ..... Spelastals wyotin 2000 
Less average deficiency.......... 1200 
£1300 
In order to arrive ata fair view of the financial Annual Profit 
position of the Burnley Corporation, I venture to place before you 
the following figures. Iam quite certain that the commercial value 
of the three great undertakings —the Waterworks, Gasworks, and 
Markets—is much in excess of the value reckoned in this table. 
The cost of the intercepting sewers, and pitching the rivers, is 
not added in the assets. 
LIABILITIES. £ sy dk 
To Mortgage Loans............ 217181 19 4 
,, Loans under public 
Works Act...........-.. 25986 138 4—243168 12 8 
y, Sundry Creditors...ssseessceees Sdosgcod 3996 13 2 
», Gas Consumers’ Deposits ...... s\sveratelelereie'e 1549 0 0 
The total liabilities being,......... 248714 5 10 
