A.T.—ALTERNATING TRANSFORMER DISTRIBUTION.
Generating station, buildings, chimney shaft, £
 water tanks, and general fittings11,000
Dynamos and exciters—865 kilowatts, including
 spare sets, divided as convenient5,540
Motive power, i.e., engines, boilers, steam and
 feed connections, belts, &c., at £8 12 s. per I.H.P.12,470
500 transformers, i.e., one to every pair of houses, at £15 each 7,500
2,000 yards primary or charging main, exterior
 to area of supply, at £308 per 100 yards6,160
20,000 yards distributing main, 50 mm. sectional
 area, at £91 7 s. (see [Table I].)14,270
Regulating gear 500
£ 57,440
B.T.—ACCUMULATOR TRANSFORMER DISTRIBUTION.
Generating station, buildings, chimney stack, £
 water tanks, and general fittings8,000
Dynamos—600 kilowatts, in six sets of 100 kilowatts each4,800
Motive power, i.e., engines, boilers, steam and
 feed connections, &c., at £8 12 s. per I.H.P.8,600
4 groups of accumulators, in all 240 cells, in
 series, at £40 per cell, including stands9,600
2,000 yards charging main, at £306 17 s. 6 d.
 per 100 yards ([see Table II].)6,137
20,000 yards distributing main, 161·25 mm. sectional
 area, at £100 12 s. 6 d. ([see Table II].)20,125
Regulating gear 2,500
£ 59,762

Table IV.

Working Expenses and Maintenance of 10,000-Light, or 600-Kilowatt, Plant.

Direct Alternating
Transformer System.
Materials£ s.d. £s. d.
 Coals: 4,380 tons at 17s.3,723 00
”  2,550 ”17s. · ·
 Oil, water, and petty stores:
1,500 hours at 7 s. 6 d.
7,250 hours at 1 s.925 00
1,400 hours at 5 s. · ·
Total cost of material 4,6480 0
Labour
 2 foreman drivers at 45 s.; 6 drivers at 30 s.;
 9 firemen at 24 s.; sundry labour
 1 foreman driver at 45 s.; 2 drivers at 30 s.;
 3 firemen at 24 s.; sundry labour1,388 80
Salaries
 1 chief at £500; 2 assistants at £200 each; 4 clerks at £80 each 1,220 00
 1 chief at £500; 1 assistant at £200; 4 clerks at £80 each · ·
2,6088 0
Maintenance of Plant
 Motive power and dynamos: 10 per cent. on £18,0101,801 00
””10 per cent. on £13,400 · ·
 Buildings and fittings: 5 per cent. on £11,000550 00
”” 5 per cent. on £8,000 · ·
 Transformers: 10 per cent. on £7,500750 00
 Accumulators: 15 per cent. on £9,600 · ·
 Mains: 7½ per cent. on £20,4301,532 50
”2½ per cent. on £26,262 · ·
 Regulating gear: 10 per cent. on £50050 00
”” 10 per cent. on £2,500 · ·
4,6835 0
11,93913 0
 2,100 units × 365 days = 766,500 units. Cost per unit · · 3·75 d.
Continuous Battery
Transformer System.
Materials£ s.d. £s. d.
 Coals: 4,380 tons at 17s. · ·
”  2,550 ”17s.2,167 00
 Oil, water, and petty stores:
1,500 hours at 7 s. 6 d.
7,250 hours at 1 s. · ·
1,400 hours at 5 s.350 00
Total cost of material 2,5170 0
Labour
 2 foreman drivers at 45 s.; 6 drivers at 30 s.;
 9 firemen at 24 s.; sundry labour
 1 foreman driver at 45 s.; 2 drivers at 30 s.;
 3 firemen at 24 s.; sundry labour975 00
Salaries
 1 chief at £500; 2 assistants at £200 each; 4 clerks at £80 each · ·
 1 chief at £500; 1 assistant at £200; 4 clerks at £80 each1,020 00
1,9950 0
Maintenance of Plant
 Motive power and dynamos: 10 per cent. on £18,010 · ·
””10 per cent. on £13,4001,340 00
 Buildings and fittings: 5 per cent. on £11,000 · ·
”” 5 per cent. on £8,000400 00
 Transformers: 10 per cent. on £7,500 · ·
 Accumulators: 15 per cent. on £9,6001,440 00
 Mains: 7½ per cent. on £20,430 · ·
”2½ per cent. on £26,262656 100
 Regulating gear: 10 per cent. on £500 · ·
”” 10 per cent. on £2,500250 00
4,08610 0
8,59810 0
 2,100 units × 365 days = 766,500 units. Cost per unit · · 2·7 d.

With the exception of the amount allowed for depreciation of the accumulators, which time alone can show to be correct, the expenses may be said to be over rather than under-estimated; the 15 per cent. depreciation given in [Table IV]. is under what has hitherto been found necessary to allow for the renewal of the plates of a secondary battery.

If the mean of the two results in [Table IV]. are taken, the working cost per Board of Trade Unit will be 3·22d., which shows that with both systems, after making due allowance for interest on capital, directors’ fees, bad debts, and other sundries omitted by Mr. Crompton, there is a probability of a very fair return on the capital expenditure, and the prospect of a handsome dividend for an electric lighting company who can sell electricity at the average price of 7d. per Unit.