LYTTELTON MUNICIPAL GASWORKS.

Press, Volume LXIV, Issue 13097, 23 April 1908, Page 9

LYTTELTON MUNICIPAL GASWORKS.

THE YEAR'S WORKING;-

.Reference to the suboeaeful: -working ;: ":0K of the Lytteltoa Municipal Gaswrlw; r i-i~ during tbo past year wae m&d« Totto Cterk (Mr G/A. h»^i'-> annual report presented.at meeting of the Borough' Ooiincfl. The v - ■ report stated that the rwstt profit came ' :" . out at £81)4 13s iOd, oij- a few pounds;■•; "■'■y over the previous year's; results. .'^lt: :i v " might be said tnat during.five .yeans "v- 7 and four months of civic control, the '"."'""'■. undertaking hae pakl its way, and ia : ' addition has produced sufficient surplus to vote £1110 to the sinking fund account, find £2324 JBe 9d for exteiK sion of works, give the" oonsumeaß re- : j bates by way ot reductions in the /I price of gas oqnal to almost £1000 per , year, and at the same tijne provide a — modest £500 in relief of iV carbonising resulte were' even tiian those of last year, whioh were ■ ; f I spoken of by one of the English tedn : ! uical "The Gas Magazine/i- as being "reaUj; far abpvo : r tho average." In tlie" matter-" of r . capital outlay in relationship to actual ' structural value,! something had also done to-counteract the disatf- V vantagee of an inflated \capital" ac.count. TJio Totra CLerk'e "estimate of tho 6tructtira3 valne of th<j nlanfc ■wjjich. had cost the., cornoratio.n > ' ■ £20,000, £15,000, the: SIT- 1 ' ancy being reorosented by the cobfl ■rill paid to tho Council's : " Tho amount was high, bat reeolts'liarf shown that it wae.not ttnreasonablv'* 'C •:■■>, aud a sound policy of• admihirfi-«r - t3on, couplod with tbe 7k " . v rmWicr-as the result of a llfcrS red - linn in prioes. sbonld see, in Ko+^* c * : V v.-viirs. tho loan " '- value moving 'alojiir <«« - c " - : ■lyrfarm planed ' . .-••;■. -;^., ;