The Dorset County Express and Agricultural Gazette.
Dorchester, Dorset, England, 1871-02-21 00:00:00

11.111•017%

"I. The directors hate much pleasure in Informing the
Shareholders that the Company is stlll going on prosper...m.ly
and they e£n confidently recommend thst a dividend of £5
per vent be declared free of income tax. The dividends still
be payable at the expiration of eight days from the adoption
of thin repurt.—Jusare Daaw, chairman."
Dr
1870

BALATICI Bumf.
CAPITAL ACOL/OFT.
Rem es
sheet ..

Z a. d.

By balance as per last balance 317 1 3
„ Caen received on account of *luxes .. 1414 0 0

£1631 1 3

AP•ets.
By Balance brought down bds
„ Amount due on allotted .hares 196 0 0

791 9 se

„ Share capital of which £29001 paid up .. 30000 0 0
„ Luau accouut • 7500 0 0

Z 7500 0 0

Espend4turc Cr.
To cash pald contractors on account of new
worko 10i3 11 he
„ Balance carried down.. .. 616 6 si

1631 1 3

Liabilities.
To amount payable te contractors on contract
for new work... 433 0 0
3641 111
781 0 84

Timm AccOoPS.
Dr. Expenditure.
T.) Coals carbonized 16981, tons .. .. .. 1100 16 7i
„ Wagoz gas manufacture ~. ..., .. 187 Id 41
„ Ditto 01110 isnd cleaning .. .. _ 719 0
„ Salaries : Manager, Bocretary,and Collector 140 0 0
„ 'tepidrn and maintenance .. .. ... 100 16 9i
o Mains and manic. .. _ .. .. 66 16 8
„ Itates and taxes • • .. .. .. 97 14 6
„ Public lamps, lighting, il: .. 77 IS 111
„ Meters . .. ... .. .. .. 147 3 6
„ Lime for purilleatlon .. ... .. _ 32 14 31
„ Stationery, printing, and damps .. .. 11 14 6
„ Bad Debts .. _ .. .. .. 2193
„ Intereat on loan .. .. .. ... 163 11 0
„ Banker'. interest . .. .. .. 38 IS 10
„ Tranzlers and tranafor stamps .. .. 911 9
„ Incidental. .. .. .. .. . 6 12 11
810 0
„ Law chug. .. .. .. .. .. 14 17 41
„ Suspense Account .. .. .. .. 283 16 6
720 0 2

13130 7 7i

Memorandum of stock Dec. 310., HMO .. 1881 0 11
Ditto Dec. 314,1870 .. 1619 1 4i
incense Cr.
By Oa. and Meter Rental for ballioar, viz:—
September 1870 MN 6 6
December. 1870 1928 5 3 _

7308 10 8
„ Coke 4nd Breese Wes • 337 4 •
725
1 4
„ Permaueut Stoc 2 2

3309 7 7i

720 0 2

Balance
Audited and found correct. E. W. CROW, Auditor&
W. T. HALLgTT, -
The Cnainman said You have heard Uhl balmier.
sheet, and I treat it is as nada/non to You as it has
been to your direators. I can assure you they meet you
with.• great deal of plosive, for they feel eartain that
your undertaking -is in a prosperous and improving
condition, and that with industry and economy there
is no doubt at all it will ultimately become one of the
hest investment, for capital in the Welt of England
(applause). Although the dividend recommended is
only 5 per cent., you mast bur in mind that we an
really working and toiling and earning a dividend of
nearly 10 per nat.; but on amount of the large ozone
of money whieh the Gasworks out above their original
value, and which had to be provided for before we
could give you a tingle shilling in the way of dividend,
a larger dividend than 5 per Gent. cannot be recom-
mended. With regard to those works, sines you were
last called together, they have been undergoing • greet
deal of what I will not eall expensive, bat necessary
alteration, for the fact is that when they were entered
upon they were in such • dilapidated condition that
we bave been repairing them ever since, end it will be
some time before we shall be able to get them into
what our manager would sill fair and legitimate work-
ing order. Bat if they were my own private properly
I should not beeline hi the least to expend upon them
all the money required, for I feel assured that if I had
to take up money at dire per out, it would realize 10
per sent in the incensed eicoaceny of working the
undertaking. There are • few of whet I may call oom-
paretive items, which would not appear on the balance
sheet, but which may be interesting to you. During
the last Liu months we have made 729,000 cubic feet of
gas law than in the corresponding period. of last year,
and yet we have sold 489,000 inns feet more.
That gain has been obtained .by the efiloient
manner in whin oar mains bed beim repaired,
and the leakage has actually been reclined by that
amount of gu—(hear, hear). Our gam rental has also
kept pace with the increase of the selling, for it is new
£llO more than daring the same period of 1869, though
our expenditure for coals hasonly been about £2O more.
Aootber source of oeuratuletion arises with romped se
our bad debut and &Bowmen, for daring the last en
mouths they have only been 12 19s. 3.1., while last
year at this time they were £37 9s. Bkl.—(applense).
I need only remind you that in all baldness trituration,
it is only by looking op defaalters, and finding out Um
shaky ones, that bad debts un be reduced, and this has
been the especial besieges of our manager to leek after
those who hey. not paid up their aseounts. I wish
also to lull year attention to our Suspense Auteuil.
You will bear in mind that the explosion at Yr. Henn's
brought as into difficulties to the amount of £1390 75.,
but this has now been reduoed to £913 es. 101 d. In
December, 1869, we paid £l5O, and passed a resolution
not to pay off • less sum them that yearly. Daring
the past year, including a small benne of £33 at the
iced of June, we paid off on that aeociant £317 2s. lid:,
110 that this limbo.' on our revenue is rapidly deep-
peering—(applause). The neat source of congratulation
is found in the fast that the town is now thoroughly
supplied with new meters. This has been a warm of
groat expense, for we have spent lust upon £3OO in
this way during the past year. In all probability,
however, our expenditure under this heed will not in
future average more than £75 per annum, leering our
'even.e account not so deteriorated by these heavy
Items as it has. been before. There is another question,
and the most important one of all, which will occupy
the attention of the directors daring the sowing
year—oar haters supply of coals. From what we
heard outside the Board, one would really sapped*
that there are men in this town who supposed that the
directors themselves are punnet-By interested in
supplying inland coils. ThoY ear Whkt le the reason
you will still burn inland coals 1" and they fancy Mere
must be some pinking in some way or other. But it is
gaits We other way, for several of the directors are
interested in the sapily of sea-borne coal. During the
pima year we have been making some very careful
experiments, or rather our manager, who, I need
scarcely tea you, enjoys the porton costildemee of the
direetore, had been making some 011111111 experiments,
with rep.rd to the produce of inland octal, the quantity
of gee ooieinea nod the Tunny of stoke realised. Oar
contract for inland coal will expire ea the 31n of Marsh,
and on the lit of April we intend to commease
see-bores coal. The eaperintente will he repeated to
enertaio whether there is any imprevement in the
quality of the produce, and if any prat or advantage
suns to the company by using see-borne oral, there
will be no hesitation on the pert of the directors to
Import seerborse out—(mer, hear). But as artnafee-
hirers the directors feel that they are bound to go to
the best and elleapest market for their material, and to
eon the article theymannfaieure for the beet pries they
out obtain. U the experiments should result the other
way, it will be neither perusal Mammas nor onteido
iZiathat will move the direelen from thatr aaarsei
erreik amity the bigamists of the cestpeay, cud to
samba ihms Womb they will die Mir besi7;