25 FEBRUARY 1928, Page 35

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SOUTH METROPOLITAN CAS. -

The"--report -of 'the SoUth Metropolitan -Gas Company is a good one. The Revenue- from sales rose- by over 1.100:000 to 'a total of £8,412,000,-While rentals Of meters, &c., brought in about £9,000 more. On the other hand, salei of .residuals showed a decline of about £64,000; chiefly, it is stated, owing to lower prices for coke. Expenses, however, showed a sub- stantial reduction owing to lower prices for coal, but repairs and maintenance of plant took £108,000 more. The company . has declared a dividend at the rate of 61 per- cent. against 6 per cent. in the previous year, while there is an allocation to the Copartnership Fund of £82,623 against only £66,099.

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