AUCKLAND GAS COMPANY.

Evening Post, Volume CXI, Issue 19, 23 January 1926, Page 9

AUCKLAND GAS COMPANY.

The directors of the Auckland Gas Company report for the twelve mouthS elided Slst December, 1925, that the profits, after deducting working expenses, cost of repairs and renewals, management expenses, interest, bad debts, depreciation, and otlier uhatges, amount to J27i>,305 8s lOd, to which must be added tho balafico at tho credit of profit and loss £iJT,4OI 12s 3d, making the amount at credit of profit and losa i116',T57 2s 3d. Less interim dividend paid July 1920, i' 38,715 10» 4d, there reraalhs a balance to be dealt with of £78,041 6s ild. The directors recommend a dividend for tho past half year at the rate ' of S jicr cent, per annum, dti the £1 fully-paid shares, aud proportionate amount on the contributing shares 6s paid, £39,507 0a 3d, leaving to bo carried forward the sum of £38,4T4 Cs Sd.

Sir George Elliot and Mr. W. It. Wilsott retire from the board by rotation. They are eligible, and offer themselves tor reelection. The auditors, Mr. W. W. Bruce and Jlf. T. C. Buddie offtv themselves fot reappolntment.