73 
Making the present cost of the works in the 
books of the Corporation, at 30th June, 1876.. 54599 11 7 
The amount of accumulated profit during the 
214 years up to 30th June, 1876, is 34503 8 11 
Sinkancehund yok) seis iaciase sisi ss 614 14 1—35118 3 
And the amount paid over by the Gas Committee 
to other departments, in aid of Rates,is...... 16782 15 
Showing the total profit earned by the works 
1) INS, Goer as bhoe GoOce OOO REE arcs 51900 18 
Leaving a balance to the debit of the works of.. 2698 13 
on wo © 
—an amount which will probably be extinguished during the 
present year. The average profits of the Gas undertaking for 
the ten years ended June 30th, 1875, have been as follows :— 
Average interest paid ..... Batioudar eniapta Vayore eta ner OOL 
Profits) 2... sas TOSS ROO NODES. « Hoe BAG OOO s 1Ce 34,145 
Sinking Fund.......... Neferevaveraters aketen pts otenia st Ole 
10)34,759—3476 
The annual average profit being............. eiarebtieiiatats 4980 
The annual average depreciation allowed is............ 1632 
And the average amount spent in repairs is..........5. 882 
Total deducted from Sans annually, for depreciation 
ATUGAE DEITIES 2 he's colt vovouciannies aistieg Sie) 8 Slais ial eyeteye), 9.008; 830.0 14 
During the whole of the period since the works were taken over 
by the town, the price charged for gas has been exceptionally 
low, and the advantage reaped in this respect has been very con- 
siderable. I have no hesitation in saying that the commercial 
value of the undertaking is very much in excess of the cost at 
which it stands in the books of the Corporation. This excellent 
result is owing, in a great measure, to the enlightened adminis- 
tration of the Committee, of which the President of this club is 
the chairman and ruling spirit. 
I have not been able to obtain so complete an account of the 
Burnley Waterworks as I have laid before you of the gasworks. 
The Burnley Waterworks Company was established by an Act of 
Parliament passed in 1819 (59 Geo. III.), and the whole of their 
undertaking was purchased by the Improvement Commissioners 
under the provisions of the Burnley Improvement Act, 1846, 
for the sum of £11,500. 
The total gross outlay on the works to 30th sy aa 
June, 1875, since their purchase is ........-- 78243 11 11 
Making the present gross outlay .............. 88743 11 11 
The depreciation deducted from profits is ...... 10441 14 8 
Leaving their present cost at........eeseeeeees 78301 17 3 
The net profit earned by the Waterworks is— 
surplUS .......005 iolnteld aletv a'ae'a SOL Aspe Opell 
Sinking UN | < leicie; vas sie ssieisse« sieie 1457 3 1—10671 13 0 
Leaving a balance to the debit of the works of.. 67630 4 3 
