The Archive · 1938

Holder Pierced

At Vu Ya Ching Road one boldo:

pierced by a bullet and on the night of October 30 a shell struck the workshop lift shaft and exploded inside the shaft, damaging the lift mechanism.

It was with regret at being unable to keep our workmen together that we were forced to cease supplying gas from August 16 to September 8, and we apologise to our consumers for the inconvenience caused.

The accounts, I regret, do not show the result we anticipated on our first six months working, when your board declared an interim dividend on that howing, and then subsequently cancelled it.

We were heading for a record year and estimated an increase of at least 15 per cent. in the quantity of gas sold; the actual results, however have proved the reverse, as you will see from the report before you Turning to consumption, gas sold for all purposes during the year was 746,172,372 cubic feet being a decrease 134,628,757 cubic fect, equal to 15.28 per cent, It is interesting to note, however, that for the first seven months of the past year, consumption had increased by 82,209,900 cubic feet equal to 16.6 per cent. as compared with 1936, a gain which justified our optimism, which later was shattered by the outbreak of August.

Unaccounted-for gas was 7.2 per cent quantity made compared with r cent., but I think you will agr that the 1937 figure is very satisfacto when consideration ig given to the tosses sustained as a result of the fighting in the Chapei and th Northern and Eastern district

Text read from the printed page and cleaned; old type leaves the occasional error.

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