The second annual report of the directors of the Rushden and District Electric Supply Co. Ltd., has been issued as follows:-
The accounts which accompany this report are for the year ending December 31st last, and nearly the whole of the expenditure during the year was on capital account. As the Company only commenced a supply of electricity in October, no substantial revenue could be expected, and there is consequently a small adverse balance of £8 8s. The directors are glad to be able to report that the number of consumers is rapidly increasing, the number now connected to the mains or having electricity installed being 56, and the number of 32 watt lamps or equivalent being 2,480. Additional mains have been laid to the extent of 1,482 yards since the date of the last report in November, making a total length of 3 miles, 762 yards. Mr. Brook Sampson retires from the Board and offers himself for re-election. The auditor, Mr. F. Roberts, retires, and will be proposed for re-election.
The Statement of Accounts is as follows:-
Capital Account
Cr.
| |
£
|
s
|
d
|
| To Lands |
904
|
3
|
9
|
| To Buildings |
1489
|
4
|
9
|
| To Machinery |
6058
|
4
|
11
|
| To Accumulators |
887
|
9
|
9
|
| To Mains |
4393
|
13
|
6
|
| To Motors |
52
|
6
|
8
|
| To Meters |
118
|
11
|
8
|
| To Electrical Instruments |
16
|
10
|
3
|
| To Furniture |
21
|
7
|
4
|
| To Trade utensils |
21
|
13
|
10
|
| To Cost of Provisional Order |
334
|
2
|
5
|
| |
14292
|
6
|
9
|
| To Balance of Capital Account |
1681
|
18
|
3
|
| |
15974
|
5
|
9
|
Dr.
| |
£
|
s
|
d
|
£
|
s
|
d
|
| By 15,508 Shares of £1 |
15508
|
0
|
0
|
|
|
|
| Less Calls in arrear |
33
|
15
|
0
|
|
|
|
| |
|
|
|
15474
|
5
|
0
|
| By 500 Shares of £1 issued fully paid |
|
|
|
500
|
0
|
0
|
| |
|
|
|
15974
|
5
|
0
|
General Balance Sheet
|
Liabilites
|
| |
£
|
s
|
d
|
| To Capital Account |
15974
|
5
|
0
|
| To Sundry creditors |
754
|
10
|
0
|
| |
16728
|
15
|
0
|
|
Assets
|
| |
£
|
s
|
d
|
£
|
s
|
d
|
| By Captial Account, amount expended |
|
|
|
14292
|
6
|
9
|
| By Stores on hand |
|
|
|
|
|
|
| Fuel |
28
|
15
|
4
|
|
|
|
| Engine room stores |
5
|
16
|
2
|
|
|
|
| Lamps, wiring, etc. |
98
|
12
|
8
|
|
|
|
| |
|
|
|
133
|
4
|
2
|
| By Preliminary Expenses (including underwriting commission paid £540) |
|
|
|
1363
|
18
|
0
|
| By Sundry Debtors for current, etc. |
|
|
|
267
|
7
|
1
|
| By Deposit in hands of Board of Trade |
|
|
|
100
|
0
|
0
|
| By Cash at Bank |
|
|
|
560
|
5
|
2
|
| By Cash in hand |
|
|
|
3
|
5
|
0
|
| By Net Revenue Account |
|
|
|
8
|
8
|
0
|
| |
|
|
|
16728
|
15
|
0
|
Rushden Echo, 23rd February 1916, transcribed by Kay Collins
Rushden Electric Supply Co. - The Fourth Annual Report – Dividend at Three Per Cent
The 4th annual report of the directors of the Rushden and District Electric Supply Co. Ltd., is as follows:-
The hopes expressed in the last report ahev been fully realised. The number of consumers has increased from 79 to 123. Lamp and motors (reckoned as lamps) have increased by 6,380, making a total of 11,941, viz., lighting 2,807, power 8,790, heating 344, and the units sold have been 249,788, nearly 4½ times more than in 1914. The horse power of motors has increased from 101½ to 292½, of which 290½ is let out on hire. Distributing mains have been laid to the extent of 1,208 yards, making a total of 4 miles 1,487 yards. The revenue from the sale of current has increased from £463 to £1,699. In view of the rapid development of the undertaking, orders have already been given for extension to the generating plant, which will practically double the available capacity of the works, and which it is hoped soon to get into commission. After setting aside £300 for depreciation of plant, etc., the directors feel justified in recommending a dividend on the share capital at the rate of three per cent. This would amount to £480 4s. 9d., leaving £89 15s, to be carried forward to 1916. Mr John Clark retires from the Board in rotation, and offers himself for re-election, The auditor, Mr F Roberts, retires, and will be proposed for re-election.
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Rushden Echo, 19th February 1926, transcribed by Kay Collins
Rushden Electric Supply Co. – Extension of Mains to Raunds
The 11th annual meeting of the Rushden and District Electric Supply Co. Ltd, was held yesterday. The report was as follows:
Continued progress has been made during the year. An extension of the mains to Raunds was almost complete at the end of the year, and an extension to Sharnbrook is in hand. A Special Order has been obtained increasing the Company’s area of supply to include Thrapston and Oundle. Lighting and heating connections have increased by the equivalent of 8,127 32-watt lamps, making a total of 27,871 connected. Motors have increased from 1,091 horse power to 1,182. The maximum load was 610 kilowatts, and the number of units sold increased from 954,892 to 1,131,091, and increase of 32 per cent. Distributing mains have been laid to the extent of 2 miles 2 yards, making a total of 13 miles 310 yards, and extra high tension mains 3 miles 479 yards, making a total of 5 miles 1,576 yards. In Junes an issue of £25,000 5 per cent debenture stock ........................
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