In presenting the 32nd Annual Report, and Accounts for 1895, tie Directors congratulate the shareholders on the satisfactory increase of their business.
The Net Profit for the your amounted to Tls. 37,341.19. The Balance at Credit of 2 Profit and Loss Account on 3st December was Tis, 34,828.02 of which. 10,025.11 has been written off for depreciation of Plant, Buildings, etc., leaving a Balance of Tls. 24,802.91 to be carried forward, out of which is. 12,000.00 the final Dividend for the past year was paid in January last.
Consumption.—Private Consumption has increased 8,732.723 cubic feet or 12.75 per cent., but there is a decrease of 364,222 cubic as compared with 189%, was 8,368,501 cubic feet in Public Lighting. The total increase
feet or 10.61 per cent.
Gas Engines,—At the close of the year there were 18 in use.
Coal, Shale, ete.—There were 491 tons more catbonised than in 1804 and 23,905 gallons of Petroleum were used, and 8,785,800 cubic feet more gas, wore produced, ' There has been a slight increase in receipts from residual products, 'a haa bad od at Weeks & Go's, in Nanking Road, and it has 'A Town Agency mn opened at Messrs.
proved to be a great convenience to consumers.
New Capital.—In accordance with the Circular issued to the Shareholders it, will be proposed to provide for the issue of 1,000 New Shares of Tls. 100 each, and this will form the subject of a special resolution at an Extraordinary General Meeting to be held immediately after the Annual Meeting.
The Subjoined Summary of the Engincer's fortnightly report gives the necessary details regarding the Plant, Buildings, etc.
Mr. Burman's departure in June last Mr. John Cooper was invited to join the Board. In accordance with the Deed of Settlement the Directors retire from office, but being eligible offer themselves for re-election.
the accounts have been audited and certified by Mr. White, but the Directors regret to announce his retirement, and it rests with the shareholders to appoint his successor E. Jzswen Hoco, 2 Chairman.
Shanghai, 21st March, 1896, to the Dircxtors ding the year 1805.
Summary of Engineor's Fortnightly report Manufacture.
Buildings.—The new dwelling house for the Engineer has been completed. A meter repairing and testing shop has been built.
Plant.—The Scrubbers purchased from the late French Gas Ca., were re-arranged and fas been re-sheeted. The foundations for two placed in position. The crown of No. i holder new settings of retorts have been put in.
Coal and shale carbonised 9,939 tons, 2 cwt. troleum used to enrich the gas 23,905 5
Ges manufactured 95,705,000 cubic feet, Yield per ton of coal and shale carbonised 9,629 cubic feet.
Average illuminating power 20 candles.
Distribution.—Mains.—In all about 4,502 yards of new and enlarged mains were laid during the year including a new 14-inch main from the works to Pekin Road, for improving the supply of the Hongkew district, Cubic feet.
Gas sold during the year and in Holders on the 31st December, 189% 88,018,775
Text read from the printed page and cleaned; old type leaves the occasional error.