The British Press; or, Morning Literary Advertiser.
London, England, 1825-12-06 00:00:00

INDEPENDENT GAS COMPANY.

Yesterday a meeting of the independent Gm Company uw,k
plate at the London Tavern, for the purpose of viceiving the pr
port of the Directors or Committee tor the last year, Mr. ?reader,
gent in the Chair. _

The Reports of the Committee and the Auditors, which scenic.
parately read, stated, that since the last general meeting a comma
had been mode for lighting the Parish of St. Luke, the Northern
Division of Shoreditch, the Imperial GU Company having declined
serving upon ;be proposed terms. Pipes had been laid doom to the
extent of forty miles, principally in those parishes; regulations hid
been made, by which the opening of the pipes would become lets
frequent, and the rental would soon greatly increase. It, the
financiafdepartment there was a ilcialcarnan, the instalments to s
considerable c stem not having been paid up, and expenses hei4
fallen in which could not again occur.
Dr. Receipts and Exi.enditure of Outlay from the lst of August,
1824. to the 30:h of November. 1825, are as follow :
To Cash, by instalments on shares . 133,230 0 0
To Cash on forfeited shares . . 145 0 0
To Balance . . 13,610 12 7

46,&91 12 ;

RESOURCES.
Defalcation of payment of Instalments . .£5,170 0 0
Eeighty Shares in the hands niche Director,
ing twenty-sine forfeited Shares, will produce, 1,600 0 0
Call of U. per Share on the whole number of Shares, 10,000 0 0

30,770 0 I)

Cr. By sums actually disbursed :
Station and works,
Workmen's wages .
l JIM E X pargell, .
Travelling Expenses -
Stationary, Printing, Engineering,
Contingencies, including Office Rent, 8:e. Sre.
Salaries to Director:, . .
-
Div() to Officers,
Interest on a Loan of 4,000/. from the 22d Feb.
to th.77th Oct. when the nme ww. diveharged. - 124 7 3
Interest on a subsequent Loan of 3.000 f. from 14th
Oct. to 17th April. 1820 -
In advance, on account of Operations

1'26.492 le lu
- 3,07914 Ill;
. 347 14 lu
- 59 11 3

•

- 961 5
• 337 10 u.
731 6 6

- 7r, 0 7
- 1.897 IC 0

50
Bills not at maturity, - - . 5.5 £34.2
11 3la
18
Accounts received andun..ttlett, - 3,229 8 4
Liabilities. principally arising from accounts not
rendered, Pipe driving and repairing, .

- 4,000 0 0

£46.921 12 7
The CHAinnAX said, it only remained for the Pe/Meters to
agree to this Report, with respect to the particulars of which every
satisfaction would he given.
A PrroertrvToll wished to know the extent of the mr.uricration
given to the Directors.
The SECRETARY said, the Directors were allowed, amoneoit
them all, 46411. per anr.um ; and the Superintendant and Engineer
had 3001. each per annum.
The CHAIRMAN said, the Secretary was ordered the salsrref
400/. a year, but had declined to receive more than 3001., and hal
applied to the Directors to reduce it.
A SITAREROLDER observed, that a Secretary in another Com.
pang, In wnkh he had an interest, had no more than 2001. pa
annum fur his services

It was stated, in reply to this, that in that Company there tat
an Under-Secretary, with a salary of 1001. a year ; that the Seim
terry to this Company was a Solicitor, and made ne charge la:
acting far the interests of the Company sa a lawyer upon all occa.
'ions, except in the case of drawing deed*. (Bear, hear.)
Another SH AR EH OLDE R .:acrd that the Chartered Gas CO,
pang paid their Secretary .11.19!. a year, and gave him a house, and
coals and candles.
_ .

A StDSCRIBER, willow Stating any ,rasa., for doing w,
moved that the Report should be printed, and deferred till the Lek:
meeting.
The ettainuarr asked whether it was usual with the Citartrei
and the Imperial Companies to print their Reports.
It was answered, that they merely printed a general states ens
—never their accounts. -• _

The Report was then rercivett without e dissentient voice.
The Name Shareholder whose motion for postponing the Repel
had failed, then proposed that a select Committee should be ap.
pointed to examine the accounts.
Many o the Meeting expressed a wrong disapprobation of
motion, tie calculated to reflect upon the conduct of the Audimrs.
The Auditors, however, were most desirous that a Committer
should be appointed. The most strict examination of the seconsu
would have the effect of makir.g all the aversions apinst the Cow.
pane sppear ridiculous.
The motion was finally agreed to, and the Committee eppr`•nttd
After the appointment of Directors, the meeting separated.