GAS TO BE CHEAPER
REDUCTION NEXT MONTH
City and suburban consumers, of gas will be gratified at-.tho- decision of the Wellington Gas Limited, to reduce tho' price of' gas 'by 3d per thousand cubic feet, as from the Ist of August ftnoxt..' This,, reduction . will amount to'ho less than £8300' a year, that is.-based upon the past six mouths' consumption. '' '' Tho Post learns from tho company that this concession to the public will substantially exceed the benefit the compauy will dorivo under a now; agreement as.to wages oust entered into between the company and its employees. During tho past'year the company has had to meet additional taxation to the extent of £5700 by the imposition of a super-tax on income of 10 per cent., and an alteration' iu'tlio method of assessment for incomo and land tax purposes. Having regard to this extra heavy taxation, the reduction, in the price of gas would not have been possible unless tho agreemeut above referred to had been completed. It was the intention of tho directors of tho company to reduce tho price of gas at an earlier date, but that could not be done untilftthc new industrial agreement Was executed by the company and its employees'. '
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Bibliographic details
Evening Post, Volume CXII, Issue 8, 9 July 1931, Page 11
Word Count
203GAS TO BE CHEAPER Evening Post, Volume CXII, Issue 8, 9 July 1931, Page 11
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