AUCKLAND GAS COMPANY.

New Zealand Herald, Volume XXXIII, Issue 10044, 3 February 1896, Page 3

AUCKLAND GAS COMPANY.

The following is the report of tho directors of the Auckland Gas Company to be submitted at the meeting of shareholders today The operations of the company during the past year have been very satisfactory. The reduction made in the price of gas in June last, to 5s per 1000 c.f._ nes, has resulted in an increased consumption of gas equal to 19 per cent, above that of the corresponding half-year in 1894. The directors have now under consideration necessary extensions for the manufacture of gas and laying of pipes to tap additional districts, and arc mooting with gratifying results in their efforts to extend the use of gas for cooking purposes. To meet this increase of business the directors will require to be provided with additional capital. It is not their intention, however, to call up more than a moderate sum, sufficient for present requirements. The directors recommend the payment of a dividend for the past half-year of 7s fid per share 011 the paid lip shares, and 39 9d per share on the part paid up shares. This appropriation will leavo a balance of profit to be carried forward of £2115 3s 4d. The directors have again to express their regret at the loss of a member of the Board, in tho porsou of Mr, Reader Wood. The directors have appointed Professor Brown to fill his place. Mr. Thomas Ching and Mr, Thomas Peacock, two of the directors, go out of office by rotation, and offer themselves for re-election. The auditors, Mr. A. Boardman and Mr. H. Gilfillan, jun., offer themselves for re-election. For the directors. Tuos. Peacock, Chairman. Auckland, 2-ttli January, 1896.

Amount at credit of the fund .. 10,769 15 10 Wo have examined t.lio above balance-sheet and accounts, and compared them with the company s books anil vouchors, and are of opinion that the lwliince-Rlieot is a fnll and fair balince-slicot, containing the particulars required by the compinjrs articles of association, and properly drawn up so as to exhibit a truo and correct view of the slate of tho company's affairs. (Signed) A. Boai'.djun, I Auditors, 11. OILHI.un. JON.,/ Auckland, 21st January, 1890. -

CAPITAL ACCOUNT, ON 31ST DECEMBER, 1395. I) II, , £• a. <!• Freehold and loasoholl land, buildInns manufacturing and distributing plant, meters, etc „. .. 183,953 5 9 £138,053 ft 9 CR. £• ». d. 50,000 shares at £5 each _ .. 250,001) 0 0 Pai't-iip capital on ir>,6C0 shares, at £3 each 77,500 0 0 Paid up capital on 13,713 shares, at £110j each „ 34,357 10 O £111,857 10 O Premium capital „ M .. 55,740 8 0 Balance „ M .. 21,355 7 3 £183,953 6 0 REVENUE ACCOUNT FOR THE YEAR 1895. Dr. £ s. d. Goals .. „ «. „ - 10,133 0 9 Stoker.i' wages .. 2,400 5 2 Distribution of gas 1,375 0 8 Water 24 13 4 Maintenance of works, renewals, labourers' wages, purification, etc. 2,815 4 10 Directors 310 0 0 Auditors 3D 0 0 Salaries 2,617 14 10 Stationery, printing, advertising, and samps 333 1 2 Kent 40 1 11 Petty cash 40 13 8 Bates and taxes - General (Invermnent £1,220 17 0 liOCil authorities 1,207 0 4 2,497 17 10 Insuranco „ „ 78 14 o Legal expenses .. .. „ ,, 21 8 4 Had and doubtful debts 54 0 10 Balance ... ■> ~ „ .. 13,893 15 10 £4l.S37 10 2 CR. £ S. (1. Gas „ . 35,723 8 9 Residual products ,, „ 6,779 10 2 Transfer fees ,. „ ,. ., 15 0 o Interest „ .. .. „ _ 31917 3 £41,837 10 2 NET REVENUE ACCOUNT ON 31ST DECESlDKll, 1SD5. Dlt. £ S. d. Dividend declared February, 1895 .. 8,389 0 3 Dividend declared July, 1895.. „ 8,389 0 3 10,778 12 6 Balance of net profits, 31st December, 1895 - .. 27,872 12 1 £44,051 5 1 Cr. & 8- <1. Balance of net profits, 31st December, 1894 25,757 9 3 Balance of revenuo account for the year ISO? ~ 18,893 15 10 £44,051 0 1 GENERAL BALANCE-SHEET, ON TOE 31ST DECEMDBJl, 1895. DR. £ s. d. To hills payablo 401 1 8 Sundry tradesmen and others .. 1,017 11 1 Deposits hold as security for current accounts 728 9 4 Cash on deposit for calls and accrued interest 4,110 7 7 Unpaid dividends 1017 0 Reserve fund account .. .. _ 16,759 15 10 llonewal of meters account .. .. 418 13 0 Not Itevenuo account «. „ .. 27,872 12 7 £51,815 9 1 CR. £ s- d. Stock of coal and shale .. .. 2,904 10 3 Stock of residual products .. ., 1,155 7 6 Stock of fireclay goods 508 0 8 Stock of gas fittings, including gas ranzos and gas engines in stock and on hire 6,105 2 8 Stock of horses and carts ,. .. 96 0 0 Cash at Bank of New Zealand—Current account 1,218 14 11 Dobts owing to the Company.. .. 2,505 11 2 25 debentures of £100 each .. ... 2,500 0 0 Cash on fixed depositBank of New Zealand £5,000 0 0 ink of N.S. Wales 2,500 0 0 Union B. of Australia 3,000 0 0 Bank of Australasia.. 3,000 0 0 ... 13,600 0 0 Accrued interest on fixed deposits and debentures.. „ .. .. 220 8 8 Capital account ........ 21,350 7 3 £51,310 0 1 RESERVE FUND ACCOUNT, ON THE 31ST HECEJIUER, 1895. „ , DR. & «■ d ' 25 debentures of £100 each, Issued under the Public Buildings Act, „ „ 1S75 .. -. 2,500 0 0 Cash on doposib at Bank of Austra- „ „ Ma 3,000 0 0 Cash on deposit at Bank of New South Wales 1,600 0 0 Cash on deposit at the Union Bank of „ „ Australia 3,000 0 0 Balance employed in the business of the company .. „ _ .. 6,759 16 10 £16,759 16 10 CR. £ '• d -