The Trust Movement in Australia With Appendix Containing Anti Trust Legislation
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To quickly assess the difficulty of the text, read a short excerpt:
Ore 86d.
The working expenses on these two systems should be prac- tically identical.
(c) THE METROPOLITAN GAS COMPANY, ]VELBOURNE.
In 1877 an Act was passed by the Victorian Parliament giving the monopoly of the gas supply of Melbourne (within a radius of eight miles of the General Post Office) to the Metropolitan Gas Co. , which was formed by an amalga- mation of the City of Melbourne Gas and Coke Co. With two other suburban companies.
The terms of its franchise are that its dividend is limit...ed to 10 per cent. , and that the maximum price shall not ex- ceed 7/- per looo feet, and that for every ij^d. The Com- pany charges per 1000 feet below 7/- it can pay an extra 5/- per share per annum. The Act provides that the whole property may be resumed at a price equal to 18 times the average of the previous three years net profits. Owing to this restriction and the probable public demand for re- THE METROPOLITAN GAS CO. LTD.
duction in the price of gas or the municipalisation of the works, the half-yearly balance-sheets have necessarily to be arranged with different kinds of reserve funds, etc.
What to read after The Trust Movement in Australia With Appendix Containing Anti Trust Legislation?
You can find similar books in the "Read Also" column, or choose other free books by Harold Launcelot Wilkinson to read onlineMoreLess
To quickly assess the difficulty of the text, read a short excerpt:
Ore 86d.
The working expenses on these two systems should be prac- tically identical.
(c) THE METROPOLITAN GAS COMPANY, ]VELBOURNE.
In 1877 an Act was passed by the Victorian Parliament giving the monopoly of the gas supply of Melbourne (within a radius of eight miles of the General Post Office) to the Metropolitan Gas Co. , which was formed by an amalga- mation of the City of Melbourne Gas and Coke Co. With two other suburban companies.
The terms of its franchise are that its dividend is limit...ed to 10 per cent. , and that the maximum price shall not ex- ceed 7/- per looo feet, and that for every ij^d. The Com- pany charges per 1000 feet below 7/- it can pay an extra 5/- per share per annum. The Act provides that the whole property may be resumed at a price equal to 18 times the average of the previous three years net profits. Owing to this restriction and the probable public demand for re- THE METROPOLITAN GAS CO. LTD.
duction in the price of gas or the municipalisation of the works, the half-yearly balance-sheets have necessarily to be arranged with different kinds of reserve funds, etc.
What to read after The Trust Movement in Australia With Appendix Containing Anti Trust Legislation?
You can find similar books in the "Read Also" column, or choose other free books by Harold Launcelot Wilkinson to read onlineMoreLess
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