COMPANY AFFAIRS.

Auckland Star, Volume LXX, Issue 33, 9 February 1939, Page 8

COMPANY AFFAIRS.

WELLINGTON GAS. INCREASED BUSINESS. A statement that a revenue increase of tSIS.) j, a <l been more than a In* orbed by the liuixMseil cost of coal, materials, waiiew ami taxation wan made aL the anneal "lectin- ot the Wellington (in* Company, u<l.. by tilt- chanman, ]>r. C. P. Knight Ino statement ot accounts, already publisheil. »,u>\yed the net profit 'to be £-;•-£">» £27,061 the year before. lo iH-ovide for the increased demand tor -as, tiri-thcr plant bad been installed, wiici J>r. Knifjlit, including duplicate unite or cx,hauj»tin« apparatus, each of a capacity ot IbUOOO cubic feet an hour 1J11111135 the year the company had laid two miles of mains, and th'ie had increased the reticulation to 274 miles. The capital expenditure for the year amounted to C 21,063. The was consumption for the past year showed an increase of 110,000,000 cubic teet, compared with the year 1933. During ,1 , I>i *. t^ iive yea,ls the company had or o/« "? v co »sumers and installed 20.803 gas appliances. The wages paid for the past year amounted to £81242 and the coal carbonieed totalled 40,100 tons JJr. Kniffht also stated that the company had been entrusted with the supply* and installation of the cooking and waterlieatinjj apparatus required for the restaurant and cafeteria Hervicee at the New /Zealand Centennial Exhibition. WALLAROO MOUNT LYELL. For the six months ended December 31 the directors of Wallaroo Mount L.vell ltutihsers. Ltd.. have declared a dividend at the rate of 5 per cent a year, payable on l-ebruiiry 22. Last year the company paid (i per cent (interim 2% per cent final Z l /z per cent). '