The following text may have been generated by Optical Character Recognition, with varying degrees of accuracy. Reader beware!

Dividends have been paid on the stocks of the company (on the prefer-- | red stocks of company and predecessor: since 1899) in calendar years as follows way Company. The company owns a handsome radial' CAPITAL STOCK. terminal station in downtown Hamil-- 7 per cent. cum. Auth. Outstag. ton, virtually in the centre of the city. $100....... $10,000,000 _ $5,450,000 Monthly net earnings of the company Ordinary. last year were as follows: March, $100....... 10,000,000 7,700,000 :1]30,6s3101:91;4;7y, 2112.537; June, $111,211; egistra uly, y ; August, 111.867; Septem-- sto";{tf"g%. ;.':'::ma:f"ha,f"ftm * *A per, $110,528; October, $105,383. Dividends have been paid on the Surprise to Hamilton. stocks of the company (on the prefer-- MHamilton, March 26. --Announcement | red stocks of company and predecessor; by Premier Ferguson in the Legislature since 1899) in calendar years as follows| this afternoon tnat tne uniario Hydr{( Preferred stock--1907, 6 per cent.; Commission has purchased the Domin 1908, 3 per cent.; 1909 and 1910, none:; ion Power and Transmission Compan: 1911 and 1912, 7 per cent. and 3 pet! for $21,000,000 came as a surprise t cent. on account of accumulations eact Citizens here, and Aalso to officials an« vaar' 1012 7 nor nant and BLL ner rpntl directors of the company. Preferred stock--1907, 6 per cent.; 1908, 3 per cent.; 1909 and 1810, none; 1911 and 1912, 7 per cent. and 3 pet cent. on account of accumulations eackt year; 1913, 7 per cent. and 6% per cent full payment of arrears; 1914--1929, 1 per cent. each year. ! Limited preference stock--1907, 4 | per cent.; 1908, 1 per cent; 1909 tc 1912, none; 1913, 2 per cent.,; 1914, 4 per cent.; 1915, 24 per cent. The lasli payment, '4 of 1 per cent. on tht limited preference stock, was made an Dec. 15, 1915; this ccmpleted th(l 10 per cent. it was entitled to, and i1 accordingly became ordinary stock. Ordinary stock--1916 to 1919, 4 pel | cent. each; 1920, 3 per cent., of whict last payment was 1 per cent, Sept. 15:; none thereafter until March 15, 1924 when 1 per cent. was paid; June an Sept. 15, 1924, 1 per cent. each; nont reported thereafter to Oct. 1, 1929. ' FINANCIAL STATEMENTS. | 1928 | 1927 1928 1925 1924 | 1923 | 19022 1921 1920 1919 | Sir John Gibson and Cyrus A. Birge, |recently deceased, were former direc-- 19028 1927 1926 19025 1924 1923 1922 1921 1920 1919 _-- t Based on stock outstanding at end of year. Shares to Public. On Nov. 25 last the company offered, through its employees, to its customers 10,000 shares of its 7 per cent. cumula-- tive preference shares at $105. It is said that within six days applications had been received from more than 2,450 customers. It is claimed that there are 5,000 shareholiders in Hamilton. On Jan. 1 last St. Catharines elec-- torate endorsed a by--law renewing the franchise of the Lincoln Light and Power Company subsidiary for ten years. Net Earnings. Earnings, years ended Dec. 31: } Gross Avail for Times| Revenue interes*t earned. 1928 ...... $3,846,026 $ 853.609 1.91, L921 ......> 3.¢79.021 7172,081 1 .94' toa6 ...... J.218,911 742,054 1.77 ho ...... T,.120,500 575,812 1.3% 1024 ...... 9,.122,408 460,592 1.03 Toaex ....... %0Ol0, 706 711,288 1.58 1922 ...... 2,030,559 *T27 888 1.64 iwalt ...... $,708,0987 *835,.188 1.87 1020 ...... 9,803,723 *864,052 1.98 99 ...... 3,471.386 1,112,010 2.45 Net tEarn. per sh. income pfd. Ord. 1028 ...... $407,860 $ 7.48 $0.34 uonl ....... ar9,200 6.88 0.03 u2e ...... 3t2.002 6.18 0.11 10925 ...... 140,006 3.46 nil oi ...... 12,019 0.32 nil 192% ...... 200413 7.07 0.02 l 1k '.r.}% 544,855 14.80 3.71 Ioal ...... off,"0% 10.84 1.74 1020 ...... 441,000 12.00 2.40 T99 ...... ©70,440 18.21 5.35 * Before depreciation in 1920 and 1921 and in 1922 after $256,884 reserve for de-- preciation. 4 T & The net earnings of the company for the year ending Dec. 31 last are placed at $1,400,926. In December last its electrical output was 20,390,700 kilowatt hours, and in January 21,873,200. The officers of the company are: Wil-- liam E. Phin, President; G. E. Waller, W. G. Angus; George D. Fearman, Sec-- retary; James Dixon, Treasurer. Di-- rectors include Colonel J. R. Moodic, James Dixon, W. E. Phin, J. Dickenson, J. B. Woodyatt, James Moodie, A. J. Nesbitt, S. C. Mewburn, C. W. G. Gib-- son, G. E. Waller, P. A. Thompson, W. G. Angus. The annual meeting is in April. § tors. Radial History. The company some years ago aban-- doned the radial line to Burlington and Oakvilie, and subsequently the line from Hamilton to Burlington, replac-- ing the service on the latter section by a bus line. Of late months the Brant-- ford--Hamilton line service has been supplemented by bus services. The Hamilton--Dundas radial was re-- placed by busses some years ago. Ord. $0.34 0.03 0.11 nil nil 0.02 3.171 1.74 2.40 5.35 "',',' Mr. Phin has been out of the cit3 for several weeks and he could not be pei reached tonisgsht. Other officials, in lct,(-ludinrz George E. Waller, Vice-Presi-_ 15;' dent: W. G. Angus, Vice--President; anc 24 | George D. Fearman, Secretary, doubted nc the report. and ~profcssed therpselve: me| completely surprised when told that nc ! less a person than Premier Fergusot | was authority for the statement. Thest \ officials declared positively that no con summation of the large deal had bee1 nes made by the Board of Directors, no ned| had it been considered by the boar< }'gi' They did admit, however, that the 177 knew negotiations were under way an 1.36® had been for some time. But that th 1.03 actual purchase had been made wa {'gg something they were unable to credit 1s7 as they pointed out that the sale 1.98 the company would have to be ratifi 245 by a two--thirds vote of the share Jrd holders. n 44 Director Is Astonished. Reports that such negotiations wert{ under way have persisted here durin the past year or so, but always wera vizcrously denied by W. E. Phin, Presi-- dent. The result was that citizens took Mr. Phin's word for it, and came ti believe there was only a remote pos: sibility of such a transaction being consummated. Even James Dixon, veteran directo who is close to the company's affairs refused to credit the report when h first learned of it over the telephone to night. He said it was not so. "But Premier Ferguson announceéd it," he was told. "I am surprised to hear that," Mr Dixon repliecd. "But this is the firs I have learned of it." At no time, though, he asserted, hac any purchase price been suggested t« the Board of Directors. Mr. Waller, Mr. Angus and Mr. Fear: man all inclined to the belief tha what Premier Ferguson really intendet in his announcement today was thai his Government had enacted legislatior permitting the Ontario Hydro Commis-- sion to expend $21,000,000 for the pur-- chase of the D. P. & T. Company. The ventured the opinion that severa months would elapse before the dea could be consummated, granting tha their surmise was correct. Mr. Magrath's Announcement. ELV ANOUEUCONE AOEERCC C900 comoents Codnt o6 the Government to secure all possiblé from Hami power rights within the Province af ccntlnue?i; 2%; tfiagfigs}nnfizflfx: public--owned utilities. ton and Oakville, also discontinued; Another fact which indicated negotia~ Hramilton to Brantford, service noW ur. \tions were under way was the consist® tailed; and from Hamilton to Grimsby arch ?.'lfi'\ a ent way in which ths stock of the D. P. & T. Company remained at a high level all during the recent stock slump, and since then. Shares advanced in value on several occasions. As regards the shareholders, it is learned here tonight that common. shareholders were expecting $80 or bet-- ter for their stock. The last issue of preferred shares was $105, and it is be-- lieved this, or more, would be paid out of the purchase price. The company's stock was quoted today at $65 a share, so brokers said. History of Company. The Dominion Power and Transmis-- sion Company is attached to Hamilten by strong ties of sentiment. Hamilton owes much to it and to the "five Johns" who brought it into being about 35 years ago, when Hamilton was then a city of but little more than 48,000 population. The "five Johns" were: John Patter-- son, the man who dreamed, but was no visionary; Sir John Gibscn, John Moodie, John Sutherland, who have all passed on, and John Dickenson. I cheape New E A ne it was