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16
mentioned, the revenue per lamp for the past year has been 12s. 0d.
The demand for the light in the neighbourhood is increasing, and
the Company appears to be making very satisfactory progress.
On the 1st of November, 1892, this Company had a paid up capital of
£75,000 Ordinary Shares and £50,000 6 per cent. Preference Shares.
At the end of 1891, it had expended on Capital Account the sum of
£141,164, and for the year in question it had a revenue of £13,188,
against an expenditure of £8,806, thus giving a profit of £4,382 on
the year's working. A dividend of 2 per cent. was paid on the
Ordinary Shares for the year, and 6 per cent. on the Preference
Shares. For the year 1892, a dividend of 4 per cent. has been
declared on the Ordinary Shares, and 6 per cent. on the Preference
Shares. The £5 Ordinary Shares are quoted at 5¼—5¾, and the
6 per cent. Preference at 6—6½. The price charged by the Company
is 8d. per Board of Trade unit, less discount.
Westminster Electric Supply Corporation.
After visiting the Station of the Kensington and Knightsbridge Company,
at Kensington Court, your Sub-Committee, accompanied by Mr.
Crompton, proceeded to the Eccleston Place Station of the Westminster
Electric Supply Corporation. The Company has three central
stations, one at Millbank Street, Westminster, one at Eccleston Place,
Belgravia, and one at Davies Street, Mayfair. The district supplied
by the Company is that of Westminster, Belgravia, Mayfair and
Pimlico, the system adopted being the continuous current at low
tension (three wire) with dynamos across outer mains, and Crompton
Howell Batteries.
The Millbank Street Station supplies current to the Houses of Parliament
and the immediate neighbourhood. About 20,000 8 c.p. lamps are
connected to this station, the total capacity of the station in lamps
being given at 45,000 8 c.p. The plant comprises Willans engines
(two of 80 h.p. being used especially for supplying light to the House
of Parliament), dynamos by Groolden and Hopkinson, and Babcock
Boilers, the total i.h.p. of engines being 1,360.
The Eccleston Place Station contains plant of practically the same description
as the other stations. Davey-Paxman "Economic" Boilers are used