WELLINGTON GAS COMPANY
(Peb Pbess Association.! WELLINGTON, Feb. 14. At the Gas Company's meeting today the chairman (Mr I). J. Nathan) announced that sales had increased 0.8 per cent for the year. The employees took up 1588 of 72,401 preference shares issued. On the expiration of the payment of calls on these shares by the employees the directors have agreed to issue to them at par 577 more such shares to be paid for in instalments up to April. 1914. The directors were satisfied it was to the benefit of the Company that employees should have personal and financial interest in the eonceVn. They proposed to hold the unissued balance of authorised issue of 75,000 shares at the disposal of any employees desiring to take them up. The cost of the land and new works at Miramar was £'116.000. 1 The directors adhered to the original policy that the amount carried forward this year, £21,277, should be increased if possible* until it was not less than one year's dividend, .so as to provide funds to enable a standard dividend of 10 per cent to be paid, even if through labour difficulties affecting the coal supplies that dividend should not be earned in any one vear.
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https://paperspast.natlib.govt.nz/newspapers/MS19130215.2.45
Bibliographic details
Manawatu Standard, Volume XLI, Issue 9419, 15 February 1913, Page 6
Word Count
205
WELLINGTON GAS COMPANY
Manawatu Standard, Volume XLI, Issue 9419, 15 February 1913, Page 6
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