GISBORNE GAS DIVIDEND.

Evening Post, Volume CXIII, Issue 112, 14 May 1927, Page 11

GISBORNE GAS DIVIDEND.

Directors; of the Gisborne Gas Company yoport '"a satisfactory year/ with increasing demand. An interim dividend o£ 6d per share on ordinary shares (53,402 shares of £1 each) has beeir.-paid;.-absorbing ±'1335 Is. 1 After writing off £1125 for depreciation, a balance of £2308-128 remains for distribution. This tho directors recommend, should be disposed of by a further dividend of 6d per share on ordinary shares, to carry forward £1000, and to credit the general reserve; account with £63 12s. Retiring directors are Messrs. E. J. Chrisp and M. P. Poble. Mr. W. F. Cederwall having retired from the board, his place requires to be filled. Labilities amount Mo £94,078, including issued shares £5340 2sj. mortgage-: debentures £30,000, reserve £3848, Batik ■> of New Zedland £3912. Assets includeJand, buildints, and plant £77,928, storks and sundry debtors £15,734, Government loan stock £1500, Post Office Sayings Bank account £610. ".■■■■■

. Sales of gas, tar, and coke amounted to £31,287, and appliance* £292 19s. Material used in manufacture £15,238, wages and salaries £4399, interest on mortgage debentures ■ £2400, -depreciation £1125, other expenses £2161.