Source document: https://docs-lawep.s3.us-east-2.amazonaws.com/1697796632213.pdf (Guyana)
/ , THE DFJtERARA ELECTRIC OOMPA.NI LIMITED • • • • • • • • •• • • • • • • • • ANNUAL REPORT • • • • • • • • • • • YEAR ENDF.D DECblmER JlST, 1958 373 4 THE DEHERARA Wg?RIC CONPAlfY LINITED BAWCE SHA-,, AT JlST DJOO.Nl:Jl, 1958 ASSETS Propert.7.

Plant, FraDDbiaee, etc., at Coat .
I 4,922,?04.3S Current Aaeets: Cash Bank Deposit Receipt• Accounts Receivable Materials and Suppliea Prepaid Charges t 38,.598 • .52 83.5,000.00 234,83:l.24 21Z,EaJ1 1,34.5,SOl.07 16,ffi,'9 $ 6,28.5,102.81 LIABILITIES Current Liabilitieet Accounts Payable Inccne Tax Pa:,able Conll\ll9rs' Deposits includi.ng intereat a ccrued thereon Non-Refundable Contributions tor Extenaiona t 39,476.48 .53.5,681.00 216,1?2,41 791,329.89 25,250.31 Reserrea: Retiraent Contingenciee Capital Stock and SUrplues Authorised, lawed and Pul.q Paid 4,2,0 Sharee ot $100.00 each SUrplwta Balance at l at Janu&l"7 1958 �I Bet lnOCM tor 19&r ended 31st December 19S8 lases Di•idende t paid in 19.58 42S,OOO.OO 12,.529,749.03 3,184,26S.2� 6$4,516,23 44,429,29 J,1]9,§]5.97 ,.
564,n,,27 APPJ'Vf'ed on behalt ot the Board P. W. RA!Mm ) DI.RmTOBS l.lAZAKDFF ) ,, .

375 • THE Db14EkARA ELECTRIC C(l{PANY LIMlTiD STATEMENT OF INCOME AND EXPFJIDI'l'URE lOR THE YEAR ffiDED 31ST D.FXEMBER 195S Gross Rwenue trca Operations \ • Deduct: Operating Expenaee Provision tor Incoae Tu.ea Net Operating Revenue after Income Taxes Deduct: Retirement Reserve App!
'Opriatioa lass: other Interest (Bet) Net Income tor ,-ar, traneterred to Balance Sheet • s To the Shareholders AUDI'roRS11 REPORT The Deaerara Electric Ccapan;y Liaited.

t 2.,689,360.37 $1,363,617.65 5l5,6§J..S1l 1,§99.29§,6' 790,061.72 139,123.34 J.,12-as 13s.as,42 •654,516.23- • the books ot the Coapmv.'
We have au� the boolca of the Head Office ot The Demerara Electric C0111p8D;T Lillited tor tha year ended 3lat Dec•ber 1958 and have obtained all the into ma tion and the elEl)lana ti.one which we bave required.

the Company at Georgetown, Britbb Quiana have been audited by Meaars.

Fitzpatrick, Grabaa & Co., Chartered Ac0011Dtants,, Georgetown ., British Oaiana, and such accounts expressed in B.W.I.

dollars are incorporated in the abow Statement without exchange adjustaent.
The booka ot Based on tbl foregoing., we report that, in our opln!ma, the above Balance Sheet is proper]1' drawn up so ae to ahibi t a true and correct rlew ot the state ot the Coll.pany's attdrs at 31.t Decllllber 1958 ac&0rding to the beat ot our intonaation and the explanations given to us and as shown 1>7 CREAK, CUSHING & HODGsON, CHART.ERm ACCOONl'ANTS.

MOO'CliEAL, 14th Apl".l.l 1959 •.


I hereby-certify that the foregoing Auditors statements are true and correct copies of the said Beport and Statements submitted to shareholders General Meeting of the Company of The Demerara Electric Com.pa.ey l.imited at the Annual held on May 19th, 1959.

I Report and Financial.

�� G.L.

Gillcer Assistant-Secretary ., 367 THE DatmARA EUmRIC COO>ABY LDilTED NOTICE TO SHAREHOLDERS • J«)TlCE IS HmtEBY GIVU.
THAT the Am1Ual General Meeting of the ehareholdera of The Dturara 11.ectric CCIIIJ)NSJ', Liaitecl, vlll be held at the Head ottice of the Caapa!IJ' ,.

244 st .. Jamee Street.

o1olock A.H. (Daylight SaiDg TJae) to receive a etAteaent of the operatio and financial report ot the Calpan7 • tor the election .

of Directors and Auditon, and tor the transaction ot •uoh other budnees aa ay coae betore the Meeting.

DA!ED at lloatreal, thia 11th dq ot lla7, 19'9.


B.r Ordeit or the Board, L. o. PBOCTOR, Secreta17-Treuurer.

■oB.

It :,ou are anable to be preeent.

at the Meting, pl eign am return the attached prm;r u aoon ae possible to the 8ecreta17-Treuurer, P. o. Box.2,0, Place d'Alw■., Montreal 1, P. Q., • THE DFJIERARA KUX:TRIC COMPANY LDQT.Im J:ROXY I, • • · • ••• • • • • • • • • • • • •• • • • • • • • • • ot.

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• • • • • being a maber ot The Demerara 11.eatric Cmpany, Lbdted, hereby' appoint • P., W. RA'!MER, Vioe-PNsidmt• or ta1ling hill, J. Kaulcott tailing hill, B. o. Michell, Direot.or, all ot Montreal, or •• • • • • • • • ••• • • •• • • • • • • • • • • • • • • • • • • • •• ot • • • • • • • • • • • • • •• • • • • • • • • • • • • • • • • • • • • • • Director9 or 1 ae IQ' PJ"021' to YDte tor me and on IV behalf' at the Annual General Meeting ot the Ccap11117, to be held in Montreal.
oa Tuadq I the 19th clay ot Ma.7.

1959, an:l at any adjcJluallnt.

thereof.

DATED • • • ••••••• t.hie •••••••••• dqot • .• • • • • • • • • • • 195Q • �tne11111 "' .

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Shareholder to sign here.