WELLINGTON GAS CO.

Evening Post, Volume CXXXV, Issue 22, 27 January 1943, Page 3

WELLINGTON GAS CO.

DIVIDEND OF 6 P.C. FOR YEAR

The annual report of the directors of the Wellington Gas Company, Ltd., states that during the past year there has been further capital expenditure for additional plant. After payment of the Interim dividend of 3 per cent, on the ordinary shares, the year's divided on the preference shares, and providing for taxation, depreciation of plant, buildings, and machinery, the balance to the credit of profit and loss appropriation account amounts to £23,618 2s. -It ia recommended that this sum be appropriated as follows:—To payment of a further dividend of 3 per cent, (making 6 per cent, for the year), £8384 6s; and carry forward the balance of £15,253 16s. The retiring directors are Dr. C. Prendergast Knight and Mr. A. T. Young, and both being eligible, they offer themselves for rs-electlon. Messrs. H. A. Gold and E. R. Dymock, the retiring auditors, also offer themselves for reelection.