GAS V. ELECTRICITY.
AUCKLAND COMPANY'S COMPLAINT. (Bγ Tclcfraph-Prosa Ascocintion.l Auckland, February 5. At the animal meeting of the Auckland Gas Company, the chniriutm stated tlnit the repripts for the salp of i;n« showed an increase of .£ll,llll for tho your, with other items. The total increase in tho receipts was ,£U,G2I, and tho balance of profit waa ■£-JG,'ir>2.. After paying dividends absorbing .£3077, Uio balance of JSOOG was carried to the net revenue account. The chairman commented on the increase in rates and tuxes of ,£IOOO and ,£s!l(i, due to the income tax boilifj raised from n bliilling- to Is. 2d. in the pound, and nil increase of ,EM!)7 <lue to h-islipr valuation for local rating,'. Tho chairman said there was good cause for complaint. While the company whs culleel on to pay heavy rates, ilie nnnicipnl department bt electricity was rot Cjinrged rates at all. The ratepayers were boiiiff enmpelled to contribute to tho cost of electricity, which they do not use, and one penny per thousand cubic foot for gas, which they do lire.
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Dominion, Volume 5, Issue 1356, 6 February 1912, Page 4
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176GAS V. ELECTRICITY. Dominion, Volume 5, Issue 1356, 6 February 1912, Page 4
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