1650
No. 9 of 1925.
TELEPHONE.
Schedule.
Making of, and charges and security for, trunk calls.
*
+
Computation of net profits.
§
such his desire and upon payment of the charges in respect thereof set out in the Schedule the company shall, subject to the provisions of section 33, carry out such removal or installation as aforesaid. In addition to the charges mentioned in this section and the rates of subscription mentioned in section 35 the company shall be entitled to charge its subscribers in respect of other services mentioned in the Schedule such charges as are therein set out.
37. No subscriber shall be entitled to make trunk calls from his telephone unless he has first notified the company in writing of such his desire and unless he has deposited and kept deposited such sum not exceeding twenty dollars as the company may demand of him as security for charges in respect of such trunk calls.
38.-(1) For the purposes of section 39, the net profits of the company shall be the gross takings of the company, including the takings in respect of trunk line services, less the moneys appropriated for the following purposes, namely
(i) interest on moneys borrowed by the company, including interest on debentures;
(ii) the sums payable yearly to the Accountant-General in accordance with section 7;
(iii) working costs;
(iv) reasonable management expenses;
(v) superannuation and provident funds;
(vi) maintenance and removal of works, apparatus and other property of the company;
(vii) depreciation of buildings, plant, apparatus and other property of the company, and
(viii) the appropriation of authorized sums to reserve.
(2) The amount to be written off or provided annually for depreciation shall not exceed ten per cent. of the cost of the company's plant and equipment other than land and buildings. The depreciation on land and buildings shall be such a sum or
* As amended by No. 9 of 1930 [15.8.30].
§ As amended by No. 27 of 1933 [1.1.34].
As amended by Law Rev. Ord., 1939, Supp. Sched.
1650
No. 9 of 1925.
TELEPHONE.
Schedule.
Making of, and charges and security for, trunk calls.
*
+
Computation
of net profits.
§
such his desire and upon payment of the charges in respect thereof set out in the Schedule the company shall, subject to the provisions of section 33, carry out such removal or instal- lation as aforesaid. In addition to the charges mentioned in this section and the rates of subscription mentioned in section 35 the company shall be entitled to charge its subscribers in respect of other services mentioned in the Schedule such charges as are therein set out.
37. No subscriber shall be entitled to make trunk calls from his telephone unless he has first notified the company in writing of such his desire and unless he has deposited and kept deposited such sum not exceeding twenty dollars as the company may demand of him as security for charges in respect of such trunk calls.
38.-(1) For the purposes of section 39, the net profits of the company shall be the gross takings of the company, includ- ing the takings in respect of trunk line services, less the moneys appropriated for the following purposes, namely
(i) interest on moneys borrowed by the company, includ-
ing interest on debentures;
(ii) the sums payable yearly to the Accountant-General in
accordance with section 7;
(iii) working costs;
(iv) reasonable management expenses;
(v) superannuation and provident funds;
(vi) maintenance and removal of works, apparatus and
other property of the company;
(vii) depreciation of buildings, plant, apparatus and other
property of the company, and
(viii) the appropriation of authorized sums to reserve.
(2) The amount to be written off or provided annually for depreciation shall not exceed ten per cent. of the cost of the company's plant and equipment other than land and buildings. The depreciation on land and buildings shall be such a sum or
* As amended by No. 9 of 1930 [15.8.30].
§ As amended by No. 27 of 1933 [1.1.34].
As amended by Law Rev. Ord., 1939, Supp. Sched.
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