From a report submitted by the Treasurer and Controller, it was nied that as compared with the Company's net profits estimated in December the accounts for the year 1938 revealed a material improvement after allowing for amounts written off for losses on appliances and meters due to hostilities, additional provision for depreciation, ete.
It was now contemplated that the quantities of gas sold for domestic and industrial purposes will show an increase over the previous estimates and it has therefore been considered necessary to provide for the car-lionization of an increased quantity of coal in order to enable the required volume of gas to be produced. Certain other costs had also required modification.
Having regard to all the circumstances, it was considered that the position disclosed did not justify the increase in the surcharge applied for, and it was recommended that the existing surcharge be continued until November 30, 1999, prior to which date the matter could be reviewed in the light of the' Company's actual trading experience to September 30, 1939, and the conditions obtaining at that time, taking into consideration also the seasonable increase in demand usually evidenced following the summer months.
Tue programme for the Brass Concert to be given in the French Park, this evening, June 8, from 5 pin. to 680 pin. (weather per-unitting) is as follows:—
Selection E March "Entry of the Gladiators Fucik "Verdi Hewitt Kappey Windeat Valse " Joyce Reminiscences of Tsci y Twenty-five Jersey cows completed the long journey from Sydney, Australia, to Shanghai yesterday afternoon when the s. Nankin berthed alongside the Old Ningpo Wharf in Broadway. These dairy cows are intended for the Scotch Dairies and the Culty Dairy, having been imported by these two concerns in order to meet the increasing demand for fresh milk in this city.
Text read from the printed page and cleaned; old type leaves the occasional error.