The last report by your Directors mentioned. the completion of the mains through the whole extent of your Concession, as well as the lighting of the pubic streets. "There are only 109 public lamps this year against 171 last year, in consequence of two lamps having been sup pressed, near the Niogpo Jomboute. there is no prospect of an increase in this direction unless the Municipality alters its decision to light only half the lamps on the Bund, The public consumption of gas was only 66,121 cubis metres agaist 08,518 last year—a consequence of the suppression of the 1 amed, and of a decision by the Municipality not to light lamps, after midnight, during days of full moon.
On the other hand the consumption by metre has increased.
The number of Chinese consumers has increased from 4 to.G. Despite all efforts, and all facilities that have been given the native population by leasing them piping or selli fixtures at a considerable discount, and despite the reduction from 17 to 15 cents per cubic metre that has been made in the price of gas, the natives have not been brought-to appre. ciate its advantages.
Four new European consumers have been acquired, raising the total to 53, The following table gives an exact statement of the manufacture, consumption and escape, the latter being the same as last year, 34 per cent, 12 months manufacture 128,402 Public streets 66,121 Consumption Houses 53,749 Interior of Factory 3,665 Escape 4,807
128,402 The Company's financial position is factory. The year ends with a balance in hand of Tls. 2,636.12, and the sole debt is Tls. 961.45 due to Messrs. Chabrié and Jean, our agents in Paris.
The profits realised in 1871 are much less than during the previous year. That results from the reduction of 2 cents on the price of gas, and the great, increase in the cost of coal which was omg 1870 at whereas during it According to the decision of the Inst: mecting a dividend of 8, per cent was paid-on the year 1870, and an interim dividend of 5 per out on 187. Save wi Gases realised up to the ena of 1871, as follows Directors:
Reserve Fund. The 945,59 Dividend of 10 per cent 1" 8,800.00
Tls. 4,745.59
Text read from the printed page and cleaned; old type leaves the occasional error.