Holland 251 



In the course of the year nineteen new subscribers joined and four gave 

 notice, two on account of leaving the town. At the commencement of the 

 current year two more also gave notice. The construction of a connection to 

 the Waterworks has been commenced, and one to the Netherlands Industrial 

 School will also be put in hand shortly : these are certain to lead to further 

 developments. 



For these and other new lines some additional capital will be necessary, in 

 connection with which proposals will be laid before the shareholders. 



Although the number of calls is liable to be influenced by several circum- 

 stances, a steady increase is observed, viz. : 



Total calls for second half of 1893 . . . -30,653 

 ,, whole of 1894 73,270 



The telegraph station has not yet been connected ; this, however, may be 

 expected shortly. 



The costs of repairs and maintenance of lines and instruments amounted 

 toFl. 315. 



It will be seen from the small number of faults that the company's system 

 is very efficient ; also that the repairs have been done very cheaply. The 

 shareholders will remember that repairs are done for us by the Netherlands 

 Bell Telephone Company from its Arnhem centre. 



I am also pleased to report that the employees have done their duty with 

 diligence and exactitude. Efficient substitutes are provided against sickness 

 or holidays. 



For the financial position of the company I have the honour to refer to the 

 annexed accounts. 



[Signed] C. J. VAN BUEREN, Managing Director. 



ZUTPHEN : Februajy 18, 1895. 



VALUE OF THE COMPANY'S PROPERTY AT DECEMBER 31, 1894 



I florin = \s. 'J^d. 



Fl. 



Exchange system . I9>994'3 85 



Central office 621 -44* 



Office furniture 27976 s 



Materials on hand 473 ' 2 5 5 



Tools 81-99 



Fl. 21,450-84 



