Public works . Works in the United States Ove r Those of 1915—In Percentage Gross Annual Revenue Year 1016 1917 1918 1919 1920 1921 (a) Eastern Group (b) Central Group (c) Southern 7 .5 (d) Western ;- 0pe]-atin!! Expenses and Taxes (a) Eastern (b) Central Group (c) Southern (d) Western Group. .. Aver
Public works . Works in the United States Ove r Those of 1915—In Percentage Gross Annual Revenue Year 1016 1917 1918 1919 1920 1921 (a) Eastern Group (b) Central Group (c) Southern 7 .5 (d) Western ;- 0pe]-atin!! Expenses and Taxes (a) Eastern (b) Central Group (c) Southern (d) Western Group. .. Average . Net Operatiug RevenuesApplicable to Depre-ciation. Interest, Divi-dends and Surplus (a) Eastern Group (b) Central Group (c) Southern — (d) Western Average (actual) Normal if 4% compounded annually Normal if 5% compounded annually . -I(t,9 — — — A Study of Figure 2 and ofthe last three lines of Table 2,indicate the following com-parisons : Percentage Increases, Over Pre-WarAmount (in 1915)) of Net OperatingRevenue, Applicable to Depreciation,Interest, Dividends and Surplus, Cov-ering Six-Year Period from 1916 to1921, Inclusive. Total in Average6 Years per YearActual % % Normal Normal compounded annually at 4% 15 Ditto at 5% 19 Expressed in words, thisindicates that,— First, the actual growth innet revenue during the six-year period from 1916 to 1921inclusive, has been about one-half of that normal for thegrowth in population andservice during this periodunder pre-ivar price and fairreturn conditions, despite theeffect of such increase in ratesas was actually granted inmany parts; Second, the present averagenet return is slightly belownormal pre-ivar basis; Third, the cumulative lossesto the water works of th
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Keywords: ., bookcentury1800, bookdecade1890, booksubjectmunicip, bookyear1896
