CORRESPONDENCE.
[Wo are not responsible for our Correspondents' opinions;] < . ■
To tho Editor of the Evening Stae.
Sib, —I think Mr. Tonks stated that the G-as Company could pay 40 per cent, profit. Like many others, I was rather surprised at the assertion, and must say that I did not bolievo Mr. Tonks. He adduced no figures to provo what he said. 1 have had the curiosity to examine the last year's balance-sheet of tho company. The gross receipts for gas (less interest) was £9,986 ; tho expenditure to earu this money, including £66 bad debts, was £5,861; leaving a net profit cf £4,125. ; £ lt requires £4,275 to pay 15 per cent., this i 8 £159 more than the not profit. Consequently the company did not make a profit on tho manufacture of gas last year, of 15 per cent., by £150. Will Mr. Tonks show that he is right aud I am wrong ? 1 respectfully request him to make tho trial, or con'ess his ignorance, or his wilfully stating that which was not true, in order to create a false impression.—I am,&o., ~ JTiaußESi August 24,1871. , .
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/AS18710824.2.18
Bibliographic details
Ngā taipitopito pukapuka
Auckland Star, Volume II, Issue 506, 24 August 1871, Page 2
Word count
Tapeke kupu
184CORRESPONDENCE. Auckland Star, Volume II, Issue 506, 24 August 1871, Page 2
Using this item
Te whakamahi i tēnei tūemi
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.
Acknowledgements
Ngā mihi
This newspaper was digitised in partnership with Auckland Libraries.
Log in