Smaller Profits Owing to Decline Sale of Residuals annual report of the Shang: hai Gas Ca. Ltd. has now issued, and is as follows:—
Farther progress was made during the year in the output of gas w there was a decline in the sale of residual products and a larger expense was incurred in the upkeep of retort settings and generat charges, resulting in a decreased profit on working account from Ts. 364,945.15. in 1927 to T 05, decline of Tls. 16,091.10, The nett gain sinounted to Ti.
Tis, 382,910.75 for the previous 12 months, a reduction of Ths. 101.56, The profit and loss account, which includes a sum of Ths. 19,880.12 brought forward from 1927 acco after appropriation of the profi the payment of a bonus to foreign staff as sanctioned at tie last annual general meeting, the transfer from renewals and preciation account of Ts, 0,000 the deduction of is. 48,000 to shareholder 1928 for interim di rate of A per cent. exhibits a ere balance of Tis, 2774264 whicl amount the Directors recommend dealt with in the following ner— forward The Hoyginver's Report The following is 4 suma the engineer's reports to thy dives tors ducing 1
Text read from the printed page and cleaned; old type leaves the occasional error.