GISBORNE GAS.

Evening Post, Volume CVII, Issue 102, 4 May 1929, Page 11

GISBORNE GAS.

Gisbornc Giis Company directors report that "the results obtained by the last years working have been very satisfactory, and there is good reason to believe that a continuance ot same may be looked for." After careful consideration the directors propose, subject to the approval of the shareholders, to enter into a contract for the erection of a setting of Glover-West vertical retorts, which will give us a thoroughly up-to-date generating plant, and should materially assist in the further progress of the company. An extraordinary demand lor cooking i-(oves was experienced during the yciir. A large number of consumers availed themselves of the attractive hiru-pm-ehase system to secure these stoves. An interim dividend of 6d per shave, on the ordinary shares, .-ibsorbing £\:\Sii Is, h;\s already. been paid. After £11SO has been written off for depreciation, a balance of £3306 0s ]d is available for distribution. The directors recommend payment of a further dividend of Cd per share on ordinary shares, and to credit general reserve account with £470 lfls Id, and to carry forward the balance of £1500. Tho retiring directors are Messrs. fi. J. Chrisp, W. H. Chrisp, and M. P. Poole, who offer themselves for reelection.