OHINEMURI LIGHT AND POWER COMPANY.

Auckland Star, Volume XXXIX, Issue 78, 31 March 1908, Page 2

OHINEMURI LIGHT AND POWER COMPANY.

■ < ANNUAL MEETING. The annual meeting of shareholders of the Ohinemuri Light and Power Company was held at the company's office. Queen-street, this afternoon. The ninth annual report of the directors for the year ended January 31st was read as follows:—In presenting the annual report and balance-sheet for the past year, the directors regret that they were unable to report a prosperous year. The consumption of gas had increased both at Paeroa and Karangahake, the sales showing £150 in excess of last year. The retorts being in such a bad state made the cost of production considerably higher than anticipated, but as both beds of retorts have now been renewed, the coming year wi'l show a very different result The total receipts for the year amounted to £1428 6/3, whilst the expenditure amounted to £14_2 2/9. A new office and show room have been erected on the site secured last year in the township, and the company is feeling the benefit of this step. Mr J. A. Allan, the new manager, is giving close attention fb the business of the company, and the Board' have appointed Mr A. H. Atkinson as supervisor. They therefore hoped to present a satisfactory balance at the close of the new year. In accordance with the articles of association, Messrs H. Atkinson and Geo. Coleman retired by rotation, but being eligible, offered themselves for reelection. Mr W. D. Buttle also offered his services as auditor for the ensuing year.