24 THE CUB A RE VIE W 



Dividends paid — 

 On Preferred Stock: 



May 16. 1921, on $20,978,477.00 at 3% $629,354.31 



Nov. 15, 1921, on 820,978,477.00 at 3% 629,354.31 $1,258,708.62 



On Common Stock: 



May 16, 1921, on $14,947,846.00 at 3% $448,435.38 



Nov. 15, 1921, on $14,947,846.00 at 3% 448,435.38 896,870.76 $2,155,579.38 



Balance carried to Balance Sheet $3,781 039 92 



STATEMENT OF OPER.\TION OF THE LIGHT & POWER DIVISION FOR THE YEAR 

 ENDED DECEMBER 31, 1921 



ELECTRICITY 



Operating Expenses: 



Manufacture $691,795 .89 



Distribution 245,194.68 



General 388,354.27 



Total Operating Expenses $1,325,344.84 



Net E.arnings from Operation for 1921 3,709 122 10 



$5,034,466.94 



GAS 

 OPER.'iTiNG Expenses: 



Manufacture $882,917.62 



Distribution 183,628.30 



General 209,012.09 



Total Operating Expenses $1,275 558.01 



Net Ear>>'ings from Operation for 1921 '552797. 51 



$1,828,355.52 



Interest $434,147.36 



Taxes. . 400,000.00 



Reserved for Depreciation and Contingencies 1,466 911 .24 



Net Income for the Division for 1921 .. . 1^960^861 01 



Earnings : 



$4,261,919.61 

 ELECTRICITY 



Sale of Electricity $4,934,508.91 



Miscellaneous 99 953 03 



Gross Earnings $5,034,466.94 



$5,034,466.94 



GAS 



Earnings : 



Sale of Gas $1,729,981 .82 



Miscellaneous 98,373.70 



Gross E.arnings $1,828,355.52 



$1,828,355.52 

 Net Earnings for the Division for 1921 $4,261,919.61 



$4,261,919.61 



