The Directors have pleasure in pro-senting the Annual Report and Statement of accounts for 1907. The progress of the Company continues so factory. The profit on Working Account for the year amounts to Tis, 241,567.06, which sum has been transferred to Profit, and Loss Account, Ube H.-C. Herald and S. C. & C. Gazette, 613
The net profit for the year is Ts. 248,951.31.
The balance at credit of Profit and Loss Account, after crediting the account with Tls. 7,990.19 carried for-
Andit—Owing to the indisposition of Mr. W. H. Anderson, the accounts have been audited by Mr. H. W.G. Hayter. Mr. W. H. Anderson offers himself for re-election. ward after appropriation of the profits for 1906, and deducting the amount of interim dividend at the rate of 7 per cent (Tls. 83,839) paid on July 10 last, amounts to Tls. 173,102.50 of which sum the Directors recommend appropriation as follows Tis.
To pay " final dividend for the year 1907 on 24,000 shares at 8 per cent (making 15 per cent for the year) Tls. 4.00 per share 96,000.00 Write off for depreciation of land and buildings 2,573.46 Write off for depreciation of manofactoring and distribating plant...67,328.54 Write off for depreciation of furniture... 596.85 vw" carry forward to new account..
———10,498.85
6,603.65
Consumption.—Private consumption has increased 38,988,200 cubic feet, or 9.49 per cent. The increase in gas sed for public lighting has been 1,412,000 enbie feet, or 14.05 per cent.
Gas Engines.—The number of gas engines in use is 102, while the in-crouse in gas used for power was 8,909,700 cubic feet, ur 21.51 per cent.
Conl.—There were Tons 4,023-19-0 more carbonized than in 1906 and 47,497,400 cubic fect more gax was produced.
Residuals.—The coal used during Suwwany or tae Exomeen's Reroars to Tur Dinxcrors
Text read from the printed page and cleaned; old type leaves the occasional error.