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This item is filmed at the reduction ratio checked below/ Ca document est filme au taux de reduction indique ci-dessous. 10X MX 18X 22X 26X 30X 12X 16X 20X 24X 28X 32X The copy filmed here hes been reproduced thanks to the generosity of: New Brunswick IVIuseum Saint John L'exemplaire film* fut reproduit grAce h la g6)rovement with a view of taking advantage of such of them as might be considered useful for our purposes. Your Directors entertain the opinion that it would be of material advantage to the Comp;'.ay if its Gas Plant and Works could in some respect be modernized by the introduction of im]M-ovemenls in ordinary use in other well equipped works of die kind, and by the renovation of plant which is eitiier worn out or behind the age. While this will entail some expense, your Board has the experience and testimony of odiers as to die advan- tages to be obtained. In view of any unusual expenditure for the coming year, as well as the arrangement of the existing indebtedness, your Directors secured legislation authorizing the Shareholders to sanction a loan on bonds of the Company, which would enable the Board to make much more satisfactory financial arrangements than otherwise. During this year there were carbonized 5,385 tons of coal, against 4,756 tons last year — an increase of 628 tons. The total quantity of gas made this year was 48,366,o(X) cubic feet, against 45,835,0(50 cubic feet last year — an increase of 2,531,000 cubic feet, or 5 52-100 %. The quantity of gas sold by meter this year was 32,518,100 cubic feet, against 31,526,600 cul)ic feet last year — an increase of 991,500, or 3 %. The quantity of gas accounted for from all sources was 37,445,700 cubic feet, leaving 10,910,300 cubic feet unaccounted for, against 9,162,300 cubic feet last year — an increase in leakage of 1,748,000 cubic feet, The total receipts from gas, after deducting discounts, were $60,409.15, against $56,259.68 last year — an increase of of $4,149.47. The total receipts from gas, coke, tar, meter rents, and street lamps, after deducting discounts and bad debts, amount to ^78,93 1.46, as against $73,99245 last year — an increase of $4,939.01. The total expenditure under Revenue Account, including $400 repairs to the Lime Kiln, S87.20 for new floor for Purifying Shed, $7,302.35 cost of re-laying the new pipe from Market Square to Indiantown, and $357.48 written off as bad, amounts to 855,952.63, which, deducted from the total receipts, leaves a net profit of $22,978.83. ELECTRIC LIGHT BRANCH, The gross receipts for the year from Electric Lighting amounted to $16,759.14, and the expenditure to ^13,239.69, leaving a net profit of 83,519.45, or nearly double that of last year. The average number of Arc Lights during the year was 163, and of Incandescent Lights 341 At the present time we are nmning 170 minimum, 210 maximum Arc Lights, and 1,058 Incandescent. The expenditure in Electric Light works for the year amounted to $21,571.57, making the total expen- diture on that account to the end of the fiscal year $90,488.24. Your Board has tc record the death, during die year, of Mr. Patton, who for so many years enjoyed the confidence of the shareholders, and was on the Board of Directors. M. SHEFFIELD, President. JOSEPH J. TUCKER. R. B. EMERSON. WM. BARNHILL. J. M. ROBIN.SON. GEO. S. FISHER. F. E. BARKER. JOHN WISHART. To the President, Directors, and Sfiare/io/ders of the Saint John Gas and Electric Light Company Gknti-kmkn, — Under uiir ai)p()in(nioiil to audit tlic Uook.s and Accounts of tlic above Company lor the year ended on the 3()th April, 1891, we liuve now to report: That we carefully checked the entries from the Journal and Cash Book into the General Ledger, and verified all additions. We also checked the Electric Light Books, consisting of the Electric Light Outstanding Bills and Ledger, also those connected with the Incandescent Lighting, and the arrearages of Balance Sheet, viz : $2,587.73. The quiuLerly and monthly Gas Ledgers we also examined, and found the arrearages as in the Balance Sheet, $1,681.90. The account for the completion of the new Electric Light Station is now $48,499.58, an increase of Sld,269.76, and that for the Incandescent Lighting, $15,917.05, an increase of $6,301.81, making the total amount expended to 30th April (including the old Station account of $26,071,61), $90,488.24. The pay rolls for wages paid the workmen, duri.ig the year, have been correctly entered as paid weekly, and the amounts properly apportioned and entered to ;he several accounts connected with the Gas Manufacturing and the Electric Light Erections and Expense Accounts. The balance of $17,436.59, due the Bank of New Brunswick, as per Balance Sheet on 30th April, agrees with, the Bank Pass Book. All bad and doubtful debts having been written off, the other debts due the Company, amounting to $1,888.26, are considered by the Secretary to be perfectly good. Satisfactory vouchers for all payments made during the year were ftirnishc-1 to us with the Books, and were found to agree in every instance with the transactions to which they had reference ; and the invoices and accounts for supplies, etc., have been properly entered and charged to the respective accounts for which such were received. All the Stocks of Materials, Plant and c;)al on hand are valued at the cost laid down at the works. We also examined the Stock Ledger and verified the Transfers of Stock during the year, and find it to agree with the printed list of Stockholders. We have only further to state, that we thoroughly examined every matter pertaining to the business of the office that we considered to be in the interests of the Shareholders ; and now certify the Balance Sheet, Revenue Account, and Profit and Loss Account, herewith, signed by us, to be correct, and truly represents the financial position of the Company. In connection with the Revenue Account, we may mention that it shows a net earning for the year of $22,978.83, after charging it with the expenditure of $7,302.35, for laying the new main from Market Square to Indiantown. Every facility and assistance was afforded us, as heretofore, by the Secretary and his assistan-t, in giving explanations and information whenever required by us for the due performance of our work. Respectfully submitted. St. John, N. B., 5 , ^.^ATEMENT OF REVENUE ACCOUNT OF THE ST. JOHN GAS LIGHT COMPANY. Am^kts. I.IAIIII.IIII Til Ex|>eii.se.s — niitiiuliicturing (iuH, in- h j finding Coal, SalurJes, Ivflbor, etc. $ 4:5,73}» 23 Tuxes ... , ;!,7'24 21 Overcharges uiiil ullowiuicea of Gus |] liiiK j 212 k; Law Mxpenset», ... iJiO 00 Iteniiirs Kiln and new floor PuritV- 1 inp House, .".. 487 1 20 New Main to North Kn'? 5,480 til Coke " 4.41. ■< m Cartage " 010 55 Street Lamps, 5,724 20 Meter Rents, 2,254 05 ;;2,5!.H,1()() ('. Feet (Jas, j ii(, »2 40 $78,043144 Di-seouuts olf, 17,034 29 8 18,522 31 00,409 15 19 78,931 1 46 (Coirect). JoH.v Mc A i.iHTEU,1 ,,..,. ^ GEORGE R. ELLIS, (i. J. Ciiunu, j-i"*"'"'"- Secretary. BALANCE SHEET, ST. JOHN GAS LIGHT COMPANY — 30th APRIL, 1891. Gas Works & Real I<:state, Eleetric Light Works, ... Materials, Meters, Pipe, Brick, etc., Coal, Tar Coke Electric Materials. Coal, Oil, Carbons, Wire, Poles, etc Bills Receivable, Cash on hand, Due by City Corporation, Other debts due the Co'y., Electric Light Bills due. Gas Bills due this day, ... Capital Stock, ... .Suspense Account, Rebate Dividend unclaimed. Due Bank, Otlier I)el)ts due by Company, ... Electric Li^bt Expense Account, Gas Manui'aeturing Account, ... Profit and Loss Account, 00 00 88 $ 208,0(i0 5,01)0 192 100 00 17,430 59 3,178 2,587 19,099 08 73 92 85,209 : 39 ,§400,925 19 (Correct). John Mc A listkk, 1 , , G. J. CiUBii, ) GEORGE R. ELLIS, Secrelary. PROFIT AND LOSS ACCOUNT, ToDivid'ndspaidJune,'90 810,722 40 " Dec, '90 10,722 , 40 : (Correct). John McAi.isteh, '1 , $21,444 80 Interest, ... ... 650 04 Law Expenses, ... 35 00 Bnilanee Amount Gas i iJillsdue 30tb April, 1 "90, and Amount due ' 30th April, '91, ... 1 773 80 Bitiiincc carried forw'd. 85,209 39 8108,119 03 (J. J. (.'jri'iut, tiditur By Balance from 1890 Bad Debts recovered, ... ... j Coal sold I Amount recovered from Maritime j Bank, % on 814,332.27, written! olf April, 1887, Balance Elei'tric Light Account, 1880, to 30th Ai)ril, '91 Net r'arnings for the Year, from (ias Manufacturing Account, .. 8 75,893 JO 16 17 12 67 859 i 94 1 8,354 I 30 22,978 I 83 8 108,119 I 03 GEORGE R. ELLIS, Secretttrij.