The Dorset County Express and Agricultural Gazette.
Dorchester, Dorset, England, 1885-08-18 00:00:00

WITYMOUTN 'US COMPANY.

On Thursday an ordinary general half-yearly meet-
ing of the proprietors 1.1 the Weymouth Consumers'
Gas Company was held in the Boardroom. St.
Thomaa-street, for the purpose of declaring a dividend,
&c. Mr. R. Damon, deputy chairman, minded.
He was supported by Messrs. Lundie, Thomas, J. G.
Rowe, W. T. Leaning, Abbott, Hopkins, R. if.
Eliot, Board, E. L. Luning, G. Cooke, White, King,
Oakley, Collett, and J. Lowe, secretary.
The direetors'..report to the shareholders was duly
submitted. It was as follows :—"The directors here-
with submit to the proprietors the statement of
account." and balanni sleiet for the half-year ending
30th June, DOD, and in doing so an able to congratu-
late them upen the successful result of another half-
year's working. The balance of profit upon the
revenue ltco•unt, after providing for the iifternit iif
the debentere bonds, is sufficient to justify the pay.
ment of the maximum dividend upon both classes of
shares. The directives therefore have the 111.1.411111
of recommending that a dividend for the half-year lei
declared at the rate ef ten per cent, tier annum on the
original share., and seven per cent. per annum on the
new 11tf751 shares, less Ineoute•tax. The proprietors
having, at an extraordinary general meeting held rn
I the 2nd May last, pained a resolution authorising the
directors to conselidate and convert into etiek, from
the 30th .1,,,,.. last, the whole of the original nhare
capital, the necessary steps have teen taken for the
purpose f carrying that reeoluti )))) into effect. The
capital of the company is divided into three clauses,
which now hear the following titles :—Debenture
bonds, ordinary A stock, ordinary shares. Sine.. the
issue of their last report, the directors have but ion.. of ,
their leading colleaguee by death, the late Mr. .Yolin
Angel Tall- t having been removed from 11111 l g them.
They cannot allow this occasion to pass without
recording their deep regret at the loss ef their late
wilvafftl”, who occupied a seat at the Board from
the year 1e419 to the 'late .1 his decease, and whooe
time and abilities were always devoted bi the interests
and welfare of the company. The vacancy thus caused
has been filled by the Nir. .11,414 (teach
Rowe to the directorate.—ROßSllT DAMON, Deputy-
chairman.-

The Cmainuam aingratulated the iihareholdene upon
the fact that the director. were in a position to pay
the ivauuinum dividend, and the satisfactory condition
of the company generally. He proposed the adoption
of the report and the balance .heet.
This wma seconded by Mr. Cotterr and carried.
Mr. ELIOT alluded with sati.faction Li. the email
sum which had been spent in law charges. It showed
the judgment and care with which the directors
nuinaged the affair. of the company.
The CHAIRMAN : The town la now paying a higher
price fo i
r gas owing to the heavy law charges n fornum
years, which were very enormous.
On the motion of M 0.., 000 AR and K L.
LAMMING, the chairman and director. were cordially
thanked for the able manner in which they had con.
ducted the affair,, the company, and to thi. Mr.
OAILLRY suitably responded.
A vote of thank. to Mr. Lei., the secretary anl
manager. was propmed by Mr.. CIOLLIITT, ...muted by
Mr. H. 1.. Lamm:to, and uniumsemidy
The meeting then u.nuitpitnd.