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We offer, subject to sale
<br /> $30.9000
<br /> First Mtge. Six Per Cent. Sinking Fund Gold Bonds
<br /> —OF THE—
<br /> Lexington Gas Light Company,
<br /> OF LEXINGTON, MASS.
<br /> ORGANIZED UNDER THE LAWS OF MASSACHUSETTS.
<br /> Dated .1flay 15, r894. Due Jfay 15, 1914. Denomination, $Soo. Interest semi-annually,
<br /> Yvlay and November.
<br /> Principal and interest payable in gold coin at the office of the Old Colony Trust
<br /> Company, Boston, Trustee.
<br /> Capital Stock fully paid in cash, $30,000
<br /> Total Bonds authorized and outstanding, $30,000
<br /> Certificate filed with Secretary of State dated September 9, 1895-
<br /> ASSETS. ' LIABILITIES.
<br /> Real Estate, - - - $ 5,616.00 I Capital Stock, - $30,000.00
<br /> Machinery, 69,322.00 Debts (including bonds, - 33,503.00
<br /> Cash and Debts Receivable, - 3,391.00 Surplus, - I4,06.00
<br /> Materials, - - - 19o.00 Reserved for Depreciation, - 600.00
<br /> $78,519,00 $78,5 i9.00
<br /> EARNINGS.
<br /> Net earnings for year ending June 30, 1895, - - - - - $4,391.04
<br /> Interest on $3o,000 bonds at 6 per cent., - - - - - - - 1,800.00
<br /> Surplus (over 8 per cent. on capital stock), - - - - - - $2,591-04
<br /> For the first nine months of the present year the Company has earned $4,5oo net, and the earnings
<br /> for the year ending Yune 3o, 1896, will be considerably over $S.Soo, or three times the interest charge on
<br /> the bonds.
<br /> The Lexington Gas Light Company was organized under the laws of Massachusetts in 1874, and has
<br /> been doing business continuously since that date.
<br /> In 1892 its capital stock was increased and an issue Of $30,000 of bonds authorized for the purpose of
<br /> extensions and the building Of an electric light plant.
<br /> Within the last three years $4$,000 have been expended in new equipment, and the business of-the Com-
<br /> pany has been very successful and on the constant increase.
<br /> The company lights the streets of the town under contract and also furnishes either gas or electricity for
<br /> private consumption.
<br /> This issue of bonds is secured by a first mortgage given to the Old Colony Trust Company, Trustee,
<br /> covering all the property now owned Or that may be hereafter acquired by the Company.
<br /> We recommend these bonds as a safe home investment.
<br /> Price 102.75 and accrued interest.
<br /> MILLS & BLANCHARD,
<br /> Long Distance Telephone 248. DEVONSHIRE BLDG., 16 STATE ST., BOSTON.
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