To the Shareholders of

THE  EDISON   ELECTRIC  ILLUMINATING COMPANY  OF  NEW YORK.

The past year again bears witness to the steady growth of the
business of your Company, thus justifying the expectation of
your Directors, as from time to time they have asked for, and so
readily received, fresh capital for the extension of the Company's
plant.

The results for the year ending December 3TSt, 1892, are :

The station earnings of the Company were....... .'$942,575  23

Operating expenses, repairs and renewals..........   385,494  49
 

Net earnings of stations............   .............^557,080 74

Income from other sources........................     20,446 02
 

1577,526 76
Less general expenses and taxes...................$102,389  15
 

Net earnings of Company. ,.......................$475,i37 61

Increase of the business since 1889 is :

GROSS,

1889................$327,678 99

1890   ................   488,595

1891..................   675,505

1892 ... .■.............     963,021
 


 

NET.
 

99   1124,031 97
 

83
 

229,076 80
 

43
 

347,228 63
 

25
 

475,137 61
 

1890
 

1891     1892
 

I,6g8
 

2,875   4,344
 

64,174
 

94,485  142,492
 

697
 

2,000   3,807
 

254
 

841   1,637
 

Number of customers........   1,213

Number of lamps, 16 c. p.....39,815

Number of motors, h. p......      470

Number of arc lights.........      no

Estimating each h. p, motor and each arc light as equal to ten
16 c. p. lamps, the present installation is equal to 196,932 lamps.

These figures show that the gross earnings have increased 42^
and the net earnings 36^ over last year ; the ratio of net to gross
being 49^, or  about the  same as   last  year.    The  net  earnings