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The following table contains a summary of the financial operations of all the incorporated companies and privately owned plants engaged in the sale of electricity under the supervision of the Board for the year ending June 30, 1913, and for the year ending June 30, 1914:

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Five of the corporations included above appear not to have earned expenses, and fourteen 2 have not earned sufficient to warrant the declaration of any dividend.

From the above data it appears that the gross profits from sale of electricity by all the companies increased $612,903.98 and those doing only an electric business show an increase during the last year of $538,823.48.

In Appendix B will be found, under date of June 30, 1914, the separate balance sheets, profit and loss and manufacturing accounts of the companies, as taken from the annual returns, with corrections made by the Board after examination and correspondence with the officers of the several companies.

Aggregates from the balance sheets of the electric companies only, taken from the returns of 1913 and 1914, show the following facts:

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The valuation of the property of the several electric companies, as fixed by the local assessors, may be found in detail in Appendix E. The aggregate valuation of all of the electric companies is $49,760,681. This does not include the valuation of the electric plants of the gas companies. The total sum paid by the companies for taxes, including State supervision and including the amounts paid by the gas companies on account of their electric plants, is $1,505,878.11.

Dividends.

The amount paid in dividends by the several electric light companies and the rate per cent. will be found in detail in Appendix E. Fifteen companies paid no dividends. The other 39 companies paid out in all as dividends the sum of $3,503,404.86, which is an average rate of 10.22 per cent. on their capital stock.

Reductions in Price.

The following companies have reduced the maximum net price per kilowatt hour for electricity for commercial use during the year ending June 30, 1914:

Abington and Rockland (in Cohasset and Scituate),

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Cents per Kilowatt Hour.

from 17 to 15

from 16 to 14

from 12 to 11

from 15 to 14

from 15.3 to 15

Clinton,

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Gardner (in Barre, Hubbardston and Westminster),

from 15 to 12

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Prices.

The following table shows the prices charged by the several companies for commercial electric lights and power on June

30, 1914:

COMPANY.

Abington and Rockland.

Prices.

For light: for residences in Abington and
Rockland 15 cents gross a k. w. h., with dis-
count of 10% if paid in 10 days; in Hanover
and Norwell 15 cents net, and in Cohasset
and Scituate 17 cents net to summer custom-
ers and 15 cents net to yearly customers; min-
imum charge $12 a year. For stores in
Abington and Rockland 15 cents a k. w. h.
for first 50 hours' use of connected load a
month and 7 cents for all k. w. h. in excess,
with discount of 10% if paid in 10 days; and in
Hanover, Norwell, Cohasset and Scituate 14.4
cents net a k. w. h. for first 50 hours' use of
connected load a month and 6.3 cents net for
all k. w. h. in excess; minimum monthly
charge 25 hours' use of connected load a month
net. For factories in Abington, Rockland,
Hanover and Norwell same as power rate
between March 1 and November 1, and during
remainder of year 15 cents a k. w. h. for all
used in excess of average monthly use under
power rate during the preceding period from
March to November, with discount of 10% if
paid in 10 days and minimum charge of $12 a
year. For signs, 10 cents a k. w. h. where
lamps are maintained by company; if by cus-
tomer, 7 cents.

For power: 10 cents gross for installations
to 10 h. p., with discounts ranging from 10 to
70% according to monthly use, with minimum
monthly charge of $1.50 a h. p. In Abington
and Rockland a discount of 10% if paid in 10
days, and elsewhere price is 9 to 2.7 cents net
a k. w. h. according to monthly use. For
installations of 10 h. p. and over capacity
charge of $2 for first k. w. of motor rating and
$1.25 for each additional k. w. and price of 3}
cents a k. w. h., with quantity discounts on
all over 10 h. p. and discount of 10% if paid
in 10 days; if motor exceeds 50 h. p. price is
3 cents a k. w. h. Maximum demand of 670
h. p., $10,800 for 600,000 k. w. h.; all in ex-
cess of 600,000 k. w. h at 1 cent, lighting at
2 cents and not included in 600,000 k. w. h.,
all subject to 10% discount for cash in 10
days.

For heating: 10 cents gross a k. w. h. for first
15 hours' use for each k. w. supplied and 3}
cents for all additional k. w. h., with a mini-
mum charge of $12 a year and discount of
10% in Abington and Rockland for cash in 10
days.

1 In all of territory supplied except Cohasset and Scituate.

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