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