NEW PLYMOUTH GAS COMPANY.

Taranaki Herald, Volume XXXVIII, Issue 8533, 25 July 1889, Page 2

NEW PLYMOUTH GAS COMPANY.

ANNUAL MEETING. THIS TDATX. The eleventh annual meeting of the New Plymouth Gas Company was held at the company's office this ( Phurs lay) afternoon, when Mr T. Kin?, tho chairman of the company presided. The Secretary (Mr Rennell) read the I following report and balance-abcet : — BEPOBT. Tour directors be? to submit to the proprietors the accompanying balance-sheet and statement of accounts for the year ended 30th Jane last. It will be seen that the Revenue (including the balance of £133 7s lOd brought forward from last year) amounts to £1998 13s 3d, and expenditure to £1194 OsBJ, leaving an available balance of £804 12a 7d, which amount your Directors recommend to be dealt^ with as follows : — The payment of a dividend at the rate of 8 per cent, per annum on the paid up capital (including interim dividend of 4 per cent, declared to 31st December, 1888), £620, leaving a ba'ance of £184 12s 7d . The Directors recommend that £100 of this sum be written off the Plant Account, ami £84 12s 7d be carried forward to next year. Upon confirmation by the Shareholders of the foregoing appropriation, the dividend will be payable on and after Friday, 16th August next. The Directors retiring by rotation are Messrs. F. A. Carrington and A. Shuttle woith, who are eligible, and offer themselves for re-election. The Auditors, Messrs J. O. Davies and J. S. McKellai, also retire, but are eligible for re-election.— T. Kimg, Chairman. Statement of Accounts for Year Ending 30th June, 1889. Balance-sheet. Db. capital. £ b. d. To £10,000 in 2,000 shares of £5 each— £3 l7s 6d paid up 7,750 0 0 Liabilities — Bank of New Zealand Overdraft 138 13 5 Profit and Lobs 496 5 11 £8,384 19 4 JPIOPJSRTT. CR. £ i. d. £ s. d. By Land and Buildings, £1,454 8i 10d ; Plant, 6,544 5s lid 7,998 14 9 Assets. Stock of Coal 36 0 0 Gai Stovei ... 30 13 2 Fittings ... 27 1 5 Residuals ... 25 0 0 Office Furniture 23 10 0 142 4 7 Debts owing to the Company For Gas (June) 206 7 7 Residuals ... 37 12 5 244 0 0 £8,384 19 4 PROFIT AND LOSS. DB. £ s. d. £ s. d. To Coßt of Coal 493 11 4 Stoker's wages... 145 12 0 Wear and Tear... 138 8 10 • 777 12 2 General Expenses — Salaries, £310 10s; Property Tux, Rates, &c, £87 8s; Interest, £10 18s 3d; Sundries, £4 12s 3d 413 8 6 Interim Dividend 308 6 8 Bad Debts 3 0 0 Balance 496 5 11 £1,998 13 3 Cb. £ s. d. £ a. d. By Balance on 30th Jane, 1888... ... 366 14 6 Less June Dividend 233 6 8 . 133 710 Gas sold 1,701 5 4 Residuals ... ... ... 163 2 7 Transfer Feea 0 17 6 £1,998 13 3 O. Rennell, Secretary.

We oertify that we have examined the books and vouchers of the New Plymouth Gas Company (Limited), and having compared them with this balance-sheet fiud the same to be correct. — J. 0. Daviks, J. S. MoKellab, Auditors. New Plymouth, 4th July, 1889.