CHRISTCHURCH GAS COMPANY

Sun (Auckland), Volume III, Issue 881, 27 January 1930, Page 10

CHRISTCHURCH GAS COMPANY

DIVIDEND OF 8 PER CEJ^ After writing of! the sum of ta for depreciation, the 66th annual I **' and loss account of the Gas Company shows a h.], £34,435 available for distribute- w directors recommend payment of *3 dent of 4 per cent., which interim dividend of 4 per ee’n» 1. 0. paid, will absorb £26.91$ lSsto carry the balance of £s T *» forward. The revenue account shown —. from sale of gas. coke, tar etc ing to £187,677, which is £s\t? oos ! than last year, and the hiith«., . ni, ‘ since 1920. when the receim! £190.100. Materials cost increase of £3,878; wages *’ *5 £52,702. a reduction of £1 tux, insurance and other «C 18,358, an increase of £ 2,636 a*?* terest £6.705, an increase of £tift J?' contribution to the employees' i Tb ' ance was less by £l6 at £1 is» ance for depreciation was incrw.VL o’' 0 ’' £ 659 to £13,386. "***< by Following are the companv's , and appropriations for the "last Vs years:— 1927. 1928 uh Brought forward . £7.513 £6 o*; Net profit .. 22,271 2s',oU £30.084 £34,618 £l*? Dividend, 8 p.c. . 23,518 26,517 2tyJ Carried forward . £6,566 £8,091 The proiysion for depreciation chsi*. against revenue in the three veani i £14,266, £12,697 arid £13,386 respecthpg Banish the menace of flies ana u»». quitoes from your home. Spray yi,. tox. Harmless to people.—2.