The business of the Company has cantioned to be satisfactory and the Profit on Working Account for the year 1909 amounted to Tle. 249,882 52, an increase of Tls. 8,689.39 as compared with the preceding year.
The net profit for the year, after appropriating the com of Tis, 8,075.08 premium received on sale of Debentures, amonoted to Tls. 232,059.60, an in-erase of Tis, 12,897.02, as compared with 1908, The balance as credit of Profit and Loss account, after crediting the account with Tls. 4,306.44, carried forward after appropriation of the profite for 1908, snd deducting the sum of Tls. 4,000, bonus paid to the Foreign Staff ax authorised at the last Annoal General Meeting, and the amount of Interim dividend at the rate of 6 per cent (Tls. 72,000) paid on July 28 last, amounts to TI,366.04, of which sam the Directors recommend appropriation as follows To pay a foal dividend for the Tis, year 1909 on 24,000 shares at 7 per cent (making 13 per cent for the year) Tls. 3.50 per share 84,000 To write off for deprecia Te, Tis. tion of Land and 1,235 To write off for deprecia~ tion of Manofactaring and Distribating Plant sesesse 69,895 To write off for depreciation of Farnitare...
525 71,656. To carry forward to new account 4,709
Tis....160,366
Consumption.—Daring " 1909.—472,764,000 cub. feet of gas were sold to Private Consumers and 10,893,600 enb, feet for Pablic Lighting.
Gas Engines.—At end of the year there were 132 gas engines in use and the demand for gas for power and heating is steadily increasing.
Coal &c.—Coal and Oil cost more than for 1£08.
Residuals.—The returns from these continued satisfactory.
Finance,—The consolidation of the Uompany's debenture issues was satisfactorily carried out daring the year.
Text read from the printed page and cleaned; old type leaves the occasional error.