3 MARCH 1933, Page 46

METROPOLITAN ELECTRIC SUPPLY.

The report of the Metropolitan Electric Supply Company for the past year is a satisfactory one, showing great steadiness in revenue, the total of gross revenue for the year being £1,112,000, as compared with £1,105,000 for the previous year. Working expenses, however, also increased by about £7,000, so that the net revenue is practically unchanged. A further dividend is declared at the rate of 14 per cent. per annum, making 10 per cent. for the year on the Ordinary capital, leaving to be carried forward £137,000, as com- pared with £101,000 last year. It should be noted, however, that while the dividend is at the same rate as in the previous year, the Ordinary capital in the meantime has been increased by about £90,000.

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