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RG AN QUART EE! mmm. i -I

NOTES FROM THE COCO £ LS.

I _THE TINFLATE TRADE.

ISTRANGE ACCIDENT AT SWANSEA,

IWEECK IN SWANSEA BAY.

[No title]

KICKING AN OLD WOMBS'I RIBS…

SEQUEL TO A PRIZE FIGHT I

ISWAN SEA WATCH COMMITTEE.

SWANSEA GAS COMPANY, j SlvYANSEA…

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SWANSEA GAS COMPANY, j SlvYANSEA GS COMPÂNY. i Annual Repwt Prejuited to the frwrittirs The annual meeting of the .sea. Gas Light I Company was held on Friday 'morning at the offices of the company in Or JBtenuouth-road. Mr. T. Travers vvoixl preside? i, and there was a very large aittenciacee of shareholders. The directors' report was read as follows: The directors have p.earnure in submitting the report and accounts oi for the half- year ending Dec. 31st, VJ96. The receipts siiow a total of £ 22,018, and the expenses L15,864, leaving a gross balance fIlIi £ 6,153 to be carried forward to profit and loss account, which will then stand at 29,510. Afwr payment of in- terest on debentiffes £ 8(Xs, and putting £ 200 to the depreciation fund! /or leasehold cottages, there remains a net b,-Atoce of profit amount- ing to £8,504. Your directors recommend the declaration of the statutory dividends at the rate of 10 par cent-, 7-2: j/cr csnt., and 7 per cent. per annum far the haifi-yeax ending 31,t Dec., 1896, which will ahsor'o R.5 050, leaving an amount of £3,454 to be carried forward and placed, to the credit of profit and loss account. The direc- tors desire to '=-d.ll tiie attention of shareholders to the fact tbat -the Corporation of waawxt are promoting a Bill in Parliament this Session which closely- affects their interests, not only as saaj-eholdera, but also as large ratepayers. our directors aro taking such ste ps as they are advised will prott "the oompany. The consumption of gas for the- past year has been stationary, not- witlistMidiaig the depression in trade causad bv the ckxiing of some of the lafge works in the district. Two directors retire bv rotation, and, bemg eligihle, offer CUeuKselves 'for re-election, namely Mr. Titomas Phillips end Dr. T. D. Grifeths. Also one auditor, Mr. Herbert G. (loss. In, moving the adoption of the report, the Chairman said the revenue and working results I of the half-year, compared with December, 1895, werre satisfactory. Not-withstanding the Jie- pres.ing drcumstaaoe of bad trade, and the fact that many works had been closed for several montlis, the consumption of sas had been main- tained, although not increased. That, however, there was no doubt, had partly resulted from the combined use of incandescent burners, the number erf which, it had been ascertained, reached 6,800 on Januarv 1st. Turniag to the working results they found that they" bad been satisfactory. The depressed state of the product market aceounted for the oomparativsly aira-Il yield from that particular item, sulphate oi ammonia, for instance, only realising £7 10s. £ 10, against the B12 10s. at which it had stood a few years ago. The make of coke had also been reduced during the. past season in con- sequence of carbu retted N.,r plant being used, and the ordinary production of coke re- stricted. The nett increase in expenditure amounted to E405, the chicf items of increase being rates and taxes and Parliamentary costs. There was an item of £2.00 for depreciation on account of leasehold cottages, which the direc- tors had set apart so that at the end of the period the interest- and original cost would be returned to the shareholder's. The directors had decided to oppose the Bill before Parliament e?t'it?e^ ?? 'Bwaj?ea, Corporation Tjamwavs Bill," in whio-Ah they were interested both as gas manufacturers and as heavy ratepayers. The tramway clauses provided no protection for the mams ami other property of the company which was lifcdy to be damaged by electric operations came dan in the streets—and solely to pnctect the mtiweafc of their works they had decided to oppose it. The question of rates, however, was one which asffaoted ttw, whoe cornm uiiity in Swan- sea, an das the gas company were among the largest ratepayers, they felt that they should not only join, but lead those companies which were opposed to such ill-advised and improper expenditure of the ratepayers' money. Whilst thus, however, fxpp-eing the scheme with due care and efficrsEjey, they would take care not to mcur any uanaopssary expense. The (xanpanv, the chairman said in conclusion, continued to introd:uœ gf»Js"t>OreS, and he timsted that the shareholders, "would set a good example to others by hiring tftom. It was intended next week to give some icertnres at the Albert Hall, on gas cooking, and he was assured tha.t they would be such an xntaresbicg and instructive nature as would arrant the support of the public gener- ally. al The.Teport was adopted, the dividend declared, the directors and the auditor re-elected, thanks gin to the manager, staff, and the chaiAuon, road the proceedings terminated.

SWANSEA INCORPORATED I EXCHANGE

AN UNFORTUNATE JOKE. I

IA FORTY YEARS' RECORD IN…

FIGHT OJN THE SANDS. I

THE COLONELCY OF THE THIRD…

[No title]

I APPOINTMENT FOR.A ] SWANSEA…

[No title]

SWANSEA PARISH CHU RCR.

OYSTERBIOUTH DISTRICTr COUNCIL,

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