1. To show the practical operation of the proposed allocation of profits, after full provision for interest and. sinking fund instalments on the Bleetricity Loans, two examples are given. The first tures a year based on the Dept ich estimate of the profits for the second pictures the position when Company Capital to the amount of £1,000,000 in ordinary the Electricity Dept's shares yields' Tls. 1,000,000 of Revenve and Net Revenue added profits, Exchange is taken Accounts, together with at 2/6, reasonable balance carried forward, Staff pension and superanion fund allocations.
Sums allocated to cenezal reserve. (d) The fixed rent of Ths. 2,000,000.
A cumulative dividend not to exceed 72 per cent. per annum, unless in arrec: fon the Pref, shares of the Ca A non-carnals 9 per cent, per annum ary shares of Company: the ordinary 5 See oan Fined tent (8) The Company shall main" tain a Deprecia jon Fund and in the f tenne respect of existing
Text read from the printed page and cleaned; old type leaves the occasional error.