WELLINGTON GAS COMPANY.
; The seventh: annual meetihg ..pf, the •Wellington Gas Company was held in the Chamber of Commerce ropms on Monday Afternoon* four ■' o'clock'..:'Therej'was a .very large attehdsince of i sharelioiders, the Hdh. : d JilPharazyn, Chair/man ipf the 'Beard r of ' l i.-.'»V ;■',*",-.'-.■ ?. ',. '!%.:', -' V The fellpwingis the annual xepeft,;which was taken'as read/copies'of it 'being ii^* 1 of shareholders':—'' ' " * ' ile».an;:ni*ii - that the business ef ably during' thepast' yearl ! "*;^e,fpro;ffl^ : |pr the ;year is £4966;135l li; • OfShisiamounfcan interim dividend was paid in*' July'last| ;a'fiio;unting!tp £1909 7s. [ 6d.;; ! ,ttfe. c the directors' ptnp.dse ■ to ~-■ pay I'a fdividendr for the last.half-year at the ,rate-'of:-'74 per'cie'nt., t» place £SOO to the reserve and;^aT|/jforward the'balance.' re* duceden the ißt October last itp.ilss.iper 1000 feet, with.a discount"-.of '3s. ■perJloo_Q r feet for prompt 'paymeht.V'': r wpsk'ilast^inteir.-i; sTlie increase" of the •necessary -furVlier" i %xteMipng , j'pfythj;', and "-. purifying niatonal fdrwhich'is'nW,on-ithepwayjiand.the'bost cpmplete is Estimated* have "been mile!and .a' half, and!;^afurtW»upplyf<if main r pipes have been drdered. : The of tconsumers, is ;aew afedut 1466" burners.qTiTwo!«f -thesdirectors treH. ,Levin ! , ! Wn'o,' being '.eligibly rpfer.Jthanselves Wellingtpn, .Ja'nVlOj'lß77;" .' _ Vf' '''.™* : -'The 1 . |he "repprt/ refeiTed ;tp l the'iproposjtidn;'tp ieduco the price of gas to" 10s.,but tion'mustbedeferred.^MK\GEdßGj t 'advocated!;an^^'immediate xj^^fepn^^ric^.— 'pne in favor of a suggested^ ;be,postpdned for and jMr-.iCßUliiirgentlytpressed:fpr an. immediate reductipn, the. former paying that.if he !! ibduld ;dd so %ithont. e :&at:the price'tjf at once reduced to 10s., or that •have no 'BonfideMce "iii" But he ceuld^notdp-thatrwithout giving notice, and 1 therefore, felt almost disposed to vote against'the adpptipnof • , The repert ultimately ~wa» 'adepted/ and in ' the place.pf, Messrs. ILeyinf (absent.frem the cplpuy). and Burne,- the retiring directcrs pffered themselves for preelection,-• I^®B ' Hunter and, f Kroll were ; mah took occasion to say that- »t;the expiration 'pf ' his tenure of' 1 * office he •'re-election;; .iior-'feiice, :■ < ft affairs of the icpnjpaiiy; i wV'.aiwST '^y^^
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New Zealand Times, Volume XXXII, Issue 4955, 8 February 1877, Page 3
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300WELLINGTON GAS COMPANY. New Zealand Times, Volume XXXII, Issue 4955, 8 February 1877, Page 3
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