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Grey River Argus, 6 February 1941, Page 7

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WELLINGTON GAS. The seventy-first annual report and statement of accounts of the Wellington Gas Company, Ltd., for the year ended December 31, 1940, states that after payment of the interim dividend of 4 per cent, on the ordinary shares, the year’s u.v.uend on the preferences shares, and. providing for depreciation of plant, buildings and machinery, the balance to the credit of profit and loss appropriation account amounts to £26,004 Is lid. It Is recommended that this sum should be appropriated a s follows:—To payment of a further dividend of 4 per cent, (making 8 per cent, for the year), £11,152 Bs, and carry forward the balance of £14,851 13s lid. WAR RISK INSURANCE. WELLINGTON, February 5. Complaint about the delay in payment bv (he British Government of war risk insurance on goods lost at sea, was made at a meeting of the Council of the Wellington Chamber of Commerce. The secretary (Mt. Bardsley) said he knew one firm which had goods in a ship which was sunk. A fresh consignment was also sunk This firm had to meet the bills twice, and now the third draft was duo for payment, but there was still no sign of the British Government paying out insurance on the two cargoes lost, for which premiums had been paid. Other members of the Council reported similar cases, and it was decided to suggest that the Associated Chambers of Commerce confer with a view to securing a plan for uniform procedure.