[D8942AAD], Report from Samuel Flood Page, Edison and Swan United Electric Light Co Ltd, July 12th, 1889
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Title
[D8942AAD], Report from Samuel Flood Page, Edison and Swan United Electric Light Co Ltd, July 12th, 1889
Editor's Notes
[TAE marg: Insul ## Any prospect for us here on B Shares ## Did we get all B. —E] The Edison &Sixth Annual Report.####1. The Directors herewith present their Report, and the Accounts for the year ending 30th June, 1889.####2. The sale of lamps and fittings has progressed in a satisfactory manner during the year, and has resulted in a credit balance of £ 47,729 3s. 9d.; to this must be added the sum of £25,123 9s. 7d., the balance of account for the year ending 30th June, 1888, making a total of £72,852 15s. 4d., out of which the Directors have appropriated the sum of £28,815 14s. 2d. To meet losses realized on finally disposing of sundry installations taken over at the date of the amalgamation, and have, under Clause 89 of the Articles of Association, created a reserve of £4,595 10s. 10d., and they recommend the appropriation for dividend, in accordance with clause 87 of the Articles of Association, of 7 per cent. Upon the amount paid up on the A Shares, in respect of the year ending 30th June, 1889, and of 3 per cent. Further on account of the arrears of preferential dividend on the A Shares, in respect of the year ending 30th June, 1884.####3. The Supply Companies are establishing Central Stations in London and the Provinces, which must lead to a considerable extension of the business of the Company.####4. The appeal of the Company from the decision of Mr. Justice Kay was heard before Lords Justices Cotton, Lindley, and Bowen, who reversed Mr. Justice Kay’s judgment, and decided that Mr. Edison’s Patent, 19th November, 1879, was valid.####5. The Brush Company gave notice of their intention of appealing to the House of Lords, but a settlement has been arrived at by which the case will not be carried to the House of Lords. The Brush Company give up manufacturing incandescent lamps, and they pay the taxed costs of the action.####6. Viscount Anson, and Mr. Ernest Villiers retire from the Board and offer themselves for re-election as Directors.####7. Messrs. WELTON, JONES & CO. (late Messrs. Quilter, WELTON & Co.), the Auditors, also retire, and offer themselves for re-election.####By Order,####S.Flood Page,####secretary & Manager,####[There follows The Edison and Swan United Electric Light Company, Limited Balance Sheet, 30th June, 1889]####[name mentions: Ernest Villiers, Justice Kay, Lords Justices Cotton, Lindley, and Bowen, James Staats Forbes, Frederick Richard Leyland, Messrs. Welton, Jones & Co.,Edison and Swan United Electric Light Company, S. Flood Page, Thos Edison, Shelford Bidwell, Viscount Anson]
Mentioned
Date
1889-07-12
Type
Subject
Folder/Volume ID
D8942-F
Microfilm ID
126:674
Document ID
D8942AAD
Publisher
Thomas A. Edison Papers, School of Arts and Sciences, Rutgers University