COUNTY OF LONDON ELECTRIC.
The Report for 1925 is an exceedingly good one,_ the net revenue amounting to £724,000 against £650,000. The capital charges of the company have increased but, owing to the expansion in demand for-electric supply, the net income more than covered these increased charges, and, after paying a dividend of 15 per-cenr. 'and plaCing 170,000 to Contingency Reserve, £150,000 to Depreciation Reserve, and £335,000 to the General Reserve, there is a carry forward of £24,000. This last item is smaller than a year ago, but the allocations to the various Reserve Funds are much greater. Moreover, it may be pointed out that these allocations to Reserves are of the greater importance in view of the fact that future divi- dends will be regulated by the London Electricity (No. 1) Act under which the companies are given credit for sound finance in the past. Certainly the financial position of the County of London Electric is an exceptionally strong one.
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