^mm - ■■-■■'* : . v*'£ ^■"•:'\" up &. DOCUMENTS DEPT. U0CUMEH1* OEPT. rx UNIFORM SYSTEM OF ACCOUNTS FOR GAS CORPORATIONS AS PRESCRIBED BY THE PUBLIC SERVICE COMMISSION For the First District State of New York New York City 1908 Form 2461 1 M-D'13(T) STATE OF NEW YORK PUBLIC SERVICE COMMISSION FOR THE FIRST DISTRICT UNIFORM SYSTEM OF ACCOUNTS PRESCRIBED FOB GAS CORPORATIONS 154 Nassau Street New York City 1908 *'*$ && .&'".«!• ^ :•. • * ■, At a session of the Public Service Commission for the First District, State of New York, held at its office, 154 Nassau Street, in the City of New York, on the 8th day of Decem- ber, 1908. Present : William R. Willcox, Chairman; William McCarroll, Edward M. Bassett, Milo R. Maltbie, John E. Eustis, Commissioners. The Public Service Commission for the First District, being authorized by Section 66 of the Public Service Commissions Law, to prescribe, whenever it deems advisable, uniform methods of keeping accounts for gas corporations subject to its jurisdic- tion, and it appearing advisable at this time to establish a uniform system of accounts for all such gas corporations, it is hereby Ordered: That, except as hereinafter provided: 1. On and after January 1, 1909, every gas corporation shall keep upon its books the accounts prescribed or defined in the hereto annexed schedules, marked "Schedule A" and "Schedule B," so far as the said accounts are pertinent to the facts and circumstances of the said corporation. 2. No such gas corporation shall hereafter charge to any account representing cost of property any discount or commis- sion on securities issued by the said corporation, but shall charge all such discounts, commissions, and other expense connected with the issue of securities subsequent hereto, in accordance with the directions contained in the definitions of the account named Organization, and the account named Unamortized Debt Dis- count and Expense, in the said "Schedule A." 3. During the year beginning January 1, 1909, any said cor- poration may for purposes of comparison with prior years keep on its books any account pertaining to revenues, revenue deduc- tions, income deductions, and appropriations (as defined in the said "Schedule B") which it had on its books during the year begun January 1, 1908; provided, that on or before January 1. 1909, there be filed with the Public Service Commission a state- OC^ili*! 4 Public Service Commission — First District ment containing a list of the said accounts pertaining to the year begun January 1, 1908, and definitions of such accounts. 4. For purposes of improving the efficiency of administra- tion and operation, any corporation may, unless or until other- wise ordered, keep upon its books any temporary or experi- mental accounts and any accounts covering particular divisions of its operations, provided that in respect of each such temporary, experimental, or divisional account, the said corporation shall file with the Public Service Commission, at least ten days in advance of the time when the said account is to be instituted, a statement showing the name of the said account, the date when it is to be instituted, the purpose for which it is to be kept, the period of time during which it is to be kept, and a clear and accurate definition of the classes of items and facts to be con- tained in the said account; and in case of a divisional account, the definition of the division covered. Upon compliance with the provisions of this paragraph, any account prescribed or defined in either said "Schedule A" or said "Schedule B" may be subdivided. SCHEDULE A. BALANCE SHEET OR INDICANT ACCOUNTS. 1. Gas Corporations and Gas Operations defined. — Section 2 of the Public Service Commissions Law defines gas corporations as follows: Sec. 2. . . . The term "gas corporation" . . . includes every cor- poration, company, association, joint stock association, partnership and person, their lessees, trustees or receivers appointed hy any court whatsoever, owning, operating, managing or controlling any plant or property for manufacturing and distributing and selling for distribution or distributing illuminating gas (natural or manufactured) for light, heat or power. Gas operations, as the term is hereinafter used, include all acts and transactions directly connected with the operation of a plant for the production of gas (whether natural or manufactured), the transmission thereof and the supply thereof to consumers for light, heat, or power, and all operations incident thereto, including the collection of revenues therefor and the disposition of byproducts produced in connection therewith. 2. Accounts to be kept by double-entry method. — All accounts kept by any corporation or person within the scope of the present order shall on and after January 1, 1909, be kept by the double-entry method. Note. — This requirement is not intended to apply to purely statistical accounts. CAPITAL ACCOUNTS. [Paragraphs 3-26.] 3. Capital defined. — As the term is used herein, by capital of a cor- poration is meant all property devoted to the rendering of the services or the production of the commodities which are within the purposes of the corporation. 4. Fixed Capital defined. — Capital which has an expectation of life in service of more than one year (exception being made of hand and other small portable tools liable to be lost or stolen 1 ) is called fixed capital 5. Floating Capital defined.— Capital other than fixed capital is called floating capital. 6. General Capital and Departmental Capital defined. — Fixed capital is divisible into general capital and department capital, general capital being that which is indiscriminately available for the uses of two or more classes of operations, while departmental capital is that assigned solely or principally to a single class of operations. 1 Hand and other small portable tools liable to be lost or stolen shall, when first acquired and before issued for use, be carried in a suitable Materials and Supplies account; when issued they shall be charged to the appropriate expense account. Portable tools and apparatus of special value may, however, be charged to the appropriate tangible capital account, and remain therein so long as record is kept of the persons to whom such tools and apparatus are issued and such persons are made responsible therefor. 6 Public Service Commission — First District 7. Landed Capital and Non-landed Capital defined. — Fixed Capital is also divisible into landed capital and non-landed capital. Landed capital includes all interests in land (exclusive of improvements there- on) the term of which is more than one year. All other fixed capital is herein called non-landed capital. 8. Intangible and Tangible Capital distinguished. — Non-landed capi- tal is divisible into intangible and tangible. Intangible capital com- prises organization, franchises, patent-rights, and all other intangible property within the definition of fixed non-landed capital as above stated. Tangible capital comprises structures and equipment having an expecta- tion of life in service of more than one year. Because of their liability to loss or theft, hand and other small portable tools are excepted from tangible capital, and the cost of such tools when issued is required to be treated as a part of the operating expenses. 1 9. Further Classification of Capital. — Capital is also divisible Into original capital, additions, betterments, and renewals and replacements, as defined below. Charges to capital accounts shall show these divisions as set forth in paragraph 21, infra. 10. Original Capital defined.— Original capital is that put into service at the outset of an enterprise. 11. Additions defined.— A dditions include additional structures, facil- ities, or equipment not taking the place of anything previously ex- isting. 12. Betterments defined.— Betterments include the enlargement or im- provement of existing structures, facilities, and equipment. 13. Renewals defined. — Renewals include all extensions of terms of years in land and tangible fixed capital, and all extensions of the life period of franchises and other intangible fixed capital. 14. Replacements defined.- Replacements include all substitutions for capital exhausted or become inadequate in service, the substitutes hav- ing substantially no greater capacity than the things for which they were substituted. When a substitute has a substantially greater ca- pacity than that for which it was substituted, the cost of substitution of one of the same capacity as the thing replaced should be charged as a replacement, and the remaining portion of the cost of the actual sub- stitute should be charged as a betterment. 15. Repairs defined. — When through wear and tear or through caj- ualty it becomes necessary to replace some part of any structure, facility, or unit of equipment, and the extent of such replacement does not amount to a substantial change of identity in such structure, facility, or unit of equipment, the replacement of such part is to be considered a repair, and the cost of such repair is to be treated as an operating ex- 1 Hand and other small portable tools liable to be lost or stolen shall, when first acquired and before issued for use, be carried in a suitable Materials and Supplies account; when issued they shall be charged to the appropriate expense account. Portable tools and apparatus of special value may, however, be charged to the appropriate tangible capital account, and remain therein so long as record is kept of the persons to whom such tools and apparatus are issued and such persons are made responsible therefor. Uniform Accounts — Gas Corporations 7 pense and must not be charged as a replacement in any capital ac- count. 16. First entries must enable Identification. — Throughout all capital accounts, the first entry in respect of any particular thing shall de- scribe it with such particularity as to enable its identification, and shall give it a distinguishing name, number, or other designation by which it shall thereafter be designated in every entry in any capital account which in any way concerns it. In the case of continuous structures like railroad track, or electric line, or pipe line, such struc- tures shall be itemized to the extent that no item shall contain more than one operating division or more than one type of construction, and the first entry in relation to any item shall describe the size, weight, type, and other principal physical characteristics of the chief constituent parts, together with their spacing if discontinuous. 17. Costs of new capital to be actual money costs. — All charges made to capital or other accounts on or after January 1, 1909, shall be the actual money cost of the things in respect of which they are made. When the consideration actually given for the thing in respect of which a charge to a capital account is made is anything other than money, the actual consideration shall be described in the entry with sufficient fullness and particularity to identify it, and the amount charged shall be the actual money value of such consideration at the time of the transaction. 18. Discounts upon securities not to be charged to capital accounts. — Discounts upon securities and other commercial paper issued in pay- ment for capital are to be provided for in other accounts and must in no case be charged to the capital accounts. 19. Costs of labor, materials, and supplies.— Cost of labor (employed in construction) includes not only wages, salaries, and fees paid em- ployees, but also such personal expenses of employees as are borne by the corporation. Cost of Materials and supplies consumed in construc- tion is the cost at the places where they enter into construction, includ- ing cost of transportation and inspection when specifically assignable. If such materials and supplies are passed through storehouses, their cost entered in the account may include a suitable proportion of store expense. 20. Withdrawals or retirements. — When anything is withdrawn or retired from service, the amount at which such thing stood charged in the capital account shall be credited to the capital account in which it stood charged at the time of withdrawal, and the entry of such credit shall cite by name and page of book or other record the original entry of cost of the thing withdrawn. If there is no such original entry, that fact shall be stated in connection with the credit entry, and the actual amount originally charged shall be credited. If such amount is not known, it shall be estimated, the facts upon which the estimate is based shall be shown, and the amount thus estimated to be the original charge in respect of such thing withdrawn shall be credited. 21. Particulars required to be shown In entries. — Every charge made to a capital account on or after January 1, 1909, shall show whether 8 Public Service Commission — First District the thing in respect of which the charge is made is original capital, or an addition, a betterment, a renewal, or a replacement. If the thing is a betterment, the entry shall designate the thing enlarged or improved and shall cite by name and page of book or other record the original entry of cost of such thing enlarged or improved. If the thing to which any charge hereafter made relates is a renewal or a replacement, the entry made in respect thereof shall designate the thing renewed or replaced and shall cite by name and page of book or other record the original entry or entries of cost of such thing renewed or replaced. If there is no entry in the accounts of the corporation showing the cost (to the corporation) of the thing bettered, renewed, or replaced, that fact shall be stated in the entry describing the betterment, renewal, or replacement, and the original cost of such thing to the corporation shall be stated. Such cost shall be estimated if not known, and when estimated the basis of such estimation shall be shown. 22. Betterments involving partial destruction of thing bettered. — II any betterment involves the partial destruction or partial reconstruction of the thing bettered, only such portion of the cost of the change shall be charged as a betterment as will when added to the original cost (estimated if not known) of the thing bettered give the cost of recon- struction or replacement of the thing as bettered, and the remainder of the cost of the change (account being taken of any salvage) shall be charged to the appropriate repair account. /.'. g., a building, original cost unknown but estimated to be $15,000, ii bettered by the construction of an elevator shaft, and its stairways are modified so as to be fireproof; the actual expenditure for these changes is $3,000; th« estimated cost of replacement of the building (as modified) with one equally serviceable and with an equal expectation of life is $16,000; the charge to capital account as a betterment should be $1,000, and the remainder ($2,000) of the expenditure should be charged to the appropriate repairs account. 23. Plant and equipment and other capital purchased. — When any fixed capital in the form of a going or completed plant is purchased, an appraisal of such capital so acquired shall be made, and the different constituent elements of the plant (and equipment, if any) or other capital acquired shall be appraised at their structural value; that is to say, at the estimated cost of replacement or reproduction less deteriora- tion to the then existing condition through wear and tear, obsolescence, and inadequacy. If the actual money value of the consideration given for the plant or other capital was at the time of the acquisition in excess of such appraised value, the excess shall be charged to the account "Other Intangible Gas Capital," and the appraised values of the constituent elements shall be charged to the appropriate accounts as designated in the following definitions of accounts for fixed capital. If the actual money value of the consideration given was not in excess of such appraised value, such actual money value shall be distributed through the said accounts in proportion to the said appraised value of the con- stituent elements appropriate to the respective accounts. Full report of the contract of acquisition, the consideration given therefor, the deter- mination of the actual money value of such consideration, the appraisal, and the amounts charged to the respective accounts for each plant or other such fixed capital purchased, will be required to be made to the Uniform Accounts — Gas Corporations 9 Public Service Commission, and the purchaser will be required to procure in connection with the acquisition of any such plant or other fixed capital all existing records, memoranda, and accounts in the possession or con- trol of the grantor relating to the construction and improvement of such plant, and to preserve such records, memoranda, and accounts until author- ized by law to destroy or otherwise dispose of them. 24. Definitions of Fixed Capital accounts. — In the following defini- tions of accounts the letters and numbers prefixed to the titles are in- serted solely for convenience of reference and are no part of the titles or of the definitions: (G100.) Fixed Capital, December 31, 1908. Charge to this account all the Fixed Capital of the accounting person or corporation devoted to gas operations as such capital stood at the close of December 31, 1908. Such charges shall be made at the figures at which such capital was carried on the books of the said person or corporation on that date. When any capital included in such account is retired from service, the amount at which it is charged therein shall be credited to this account; the amount of depreciation or other amorti- zation thereon applicable to the period subsequent to December 31, 1908. shall be charged to the account (No. 374), "Accrued Amortization of Capital," proper account shall be taken of any salvage, and the remain- der of the amount originally charged to capital shall be concurrently charged to the Corporate Surplus or Deficit account (or equivalent ac- count carried on the books on December 31, 1908), unless there was carried on the books at that date a reserve to cover retirement of capital from service, in which case the said concurrent charge shall be made to such retirement reserve account. If the amount at which the said capital in service on December 31, 1908, and subsequently retired from service, was included in the said account is not disclosed on the books and records of the accounting person or corporation and is not within the knowledge of such person or corporation or officers or other employees thereof, it shall be estimated, and such estimated amount shall be treated as is above directed for the actual amount, the fact of estimation being stated in the entry. Note. — Corporations will be required to carry as sub-accounts of the account "Fixed Capital, December 31, 1908," the several accounts on their books on that date which are combined to make up the said account, and to furnish information concerning such sub-accounts in their annual reports. The following capital accounts are prescribed for transactions sub- sequent to December 31, 1908: (G110.) Land Devoted to Gas Operations. Charge to this account the cost of the accounting corporation's landed capital which is devoted to gas operations as hereinbefore defined. This includes land occupied by gas works and their appurtenances and rights of way for transmission and distribution lines and other pipe lines, where such rights have lives in excess of one year from the date when 10 Public Service Commission — First District such land is placed in service. Such cost includes, when assumed or paid by the purchaser in its own behalf, cost of registration of title, cost of examination of title, conveyancer's and notary's fees, purchas- ing agent's commissions or fees, or proportion of purchasing agent's salary, taxes accrued to date of transfer of title, and all liens upon the title acquired; also costs of obtaining consents and payments for abut- ting damages. Note A. — Cost of buildings and other improvements must not be included in this account. Note B. — If at the time of acquisition of an interest in lands it extends to buildings or other improvements thereon, which improvements are devoted by the corporation to its gas operations, and the contract of acquisition does not determine the price of such improvements, they shall be appraised at their fair cash value for use in such operations, and such appraised value shall be charged to the appropriate structures account, and excluded from the account "Land Devoted to Gas Operations." If such improvements are not devoted to gas operations but are devoted to other operations or held as investments, the cost (or appraised value if the cost is not determined in the contract of acqui- sition) shall be charged to the appropriate investment account or capital account for other operations. If the improvements are removed or wrecked, the salvage (less the cost of removal or wreckage) shall be excluded from the account "Land Devoted to Gas Operations." The entries in this account must be made in such wise as to enable the corporation to show in its annual report to the Public Service Commission the subdivision of the cost of its land devoted to gas opera- tions into the following: Land Occupied by Gas Works. Land Occupied by Outside Holder Stations. Water Rights. Other Land Devoted to Gas Operations. (101.) Organization. Charge to this account all fees paid to governments for the privilege of incorporation, and all office and other expenditure incident to organ- izing the corporation or other enterprise and putting it in readiness to do business. This includes cost of preparing and distributing prospectuses, cost of soliciting subscriptions for stock (but not for loans nor for the purchase of bonds or other evidences of indebtedness), cash fees paid to promoters, and the actual cash value at the time of organization of securities paid to promoters for their services in organizing the enterprise, counsel fees, cost of preparing and issuing certificates of stock, and cost of procuring certificates of necessity from state authorities, and other like costs. Like costs incident to preparing and filing certificates of authorization of increase of capital stock, and to the negotiation and issue of stock thereunder, shall be classed as additions. Cost of preparing and filing certificates of amendment of articles of incorporation shall be classed as a betterment. Cost of preparing and filing papers in con- nection with the extension of the term of incorporation or with reincor- poration consequent upon reorganization shall be classed as a renewal. This account shall not include any discounts upon stocks or other secur- ities issued, nor shall it include any costs incident to negotiating loans or selling bonds or other evidence of indebtedness. Uniform Accounts — Gas Corporations 11 (G102.) Franchises (Gas). To this account shall be charged "the amount (exclusive of any tax or annual charge) actually paid to the State or to a political subdi- vision thereof as the consideration for the grant of such franchise or right" (section 69 of the Public Service Commissions Law) as is neces- sary to the conduct of the corporation's gas operations. If any such franchise is acquired by mesne assignment, the charge to this account in respect thereof must not exceed the amount actually paid therefor by the corporation to its assignor, nor shall it exceed the amount specified in the statute above quoted. Any excess of the amount actually paid by the corporation over the amount specified in the statute shall be charged to the account "Other Intangible Gas Capital." If any such franchise has a life of not more than one year after the date when it is placed in service, it shall not be charged to this account but to the appropriate accounts in "Operating Expenses," and in "Prepayments" if extending beyond the fiscal year. Payments made to the State or to some subdivision thereof as a consideration for granting an extension for more than one year of the life period of a franchise shall be classed as renewals. Those made as a consideration for franchises or extensions thereof covering additional territory to be operated as a part of an existing system shall be classed as betterments. If the franchises cover separate and distinct new enter- prises, the payments therefor shall be classed as original. Note. — Annual or more frequent payments in respect of franchises must not be charged to this account but to the appropriate tax or operating expense account. (G103.) Patent-rights (Gas). Charge to this account the cost of all rights (having a life of more than one year from the date when placed in service) acquired by the corporation in or under valid patents granted by the United States to inventors for inventions and discoveries which are necessary to the economical conduct of the corporation's gas operations. If any such right is extended to cover a further period of time than that covered by the original grant, the cost of such extension shall be classed as a renewal. A patent-right acquired for use in an existing system and necessary to the economical operation thereof shall be classed as an addition. (G104.) Other Intangible Gas Capital. Charge to this account the cost of all other property coming within the definition of intangible capital and devoted to gas operations. All entries of charges to this account shall describe the acquired property with sufficient particularity clearly to identify it, and shall also show specifically the principal from whom acquired and all agents repre- senting such principal in the transaction; also the term of life of such property, estimated if not known, and if estimated, the facts upon which the estimate is based. 12 Public Service Commission — First District (G121.) General Structures. Charge to this account the cost of all buildings and other structures of a permanent character devoted to general corporate purposes, not restricted to gas operations and not includible in any of the depart- mental accounts; also of all fixtures permanently attached thereto and made a part thereof, such as water pipes and fixtures, steam pipes and fixtures for warming and ventilating, gas pipes and fixtures for light- ing, etc., electric wiring and fixtures for lighting, signaling, etc.; ele- vators, etc., and the engines and motors specially provided for operat- ing them; furnaces, boilers, etc., specially provided for producing steam for such engines and for heating, electric generators specially provided for producing current for lighting such buildings, etc. This account includes such piers and other foundations for machinery and apparatus as are designed to be as permanent as the buildings in (or in connection with) which they are constructed, and to outlast the first machinery or apparatus mounted thereon. Note A. — Among such buildings may be mentioned general office buildings, general shop buildings, general storehouses, general stable buildings, etc. Where general offices, shops, storehouses, stables, etc., are in buildings includ- ible in a departmental account, as e. g., in a retort house, no part of the cost of such building shall be charged to this account. Thip account is pro- vided for structures of a general or miscellaneous character not assignable to any particular department. Note B. — When furnaces and boilers are used primarily for furnishing steam for some particular department and only incidentally for furnishing steam for heating a general building and operating the equipment therein, the entire cost of such furnaces and boilers shall be charged to the appropriate depart- mental capital account, and no part to the account "General Structures." Note C. — The cost of specially provided foundations, not expected to outlast the machinery or apparatus mounted thereon, should be charged to the same account as the cost of the machinery or apparatus for which they are pro- vided. (G122.) General Equipment. Charge to this account the cost of all equipment of general structures, as provided under the following heads: a. General Office Equipment: This includes the cost of all equipment of general offices, such as desks, chairs, tables, movable safes, filing cases, drafting-room equipment, and other like office appliances and equipment; also engineering instruments. b. General Shop Equipment: This includes the cost of all equipment specially provided for general shops, such as furnaces, boilers, gas pro- ducers, engines, electric generators, and other power apparatus used in operating machinery in such shops; machine tools, cranes, hoists, shaft- ing, belts and the like shop equipment; also such smithing equipment in general shops as is used principally for other general purposes than shoeing horses and repairing vehicles. Note. — Hand and other small portable tools liable to be lost or stolen shall not be included herein, but portable tools and apparatus of special value may be charged to this account and remain herein so long as record is kept of the persons to whom such tools and apparatus are issued and such persons are made responsible therefor. Uniform Accounts — Gas Corporations 13 c. General Store Equipment: This includes the cost of all equipment of general store structures, such as movable counters, movable shelving, and other movable equipment of like nature, carts, barrows, trucks, etc., and other apparatus and appliances used in handling materials and supplies.* N 0TE , — Counters, shelving and the like which are permanently attached to the structure shall be charged to the account (No. G121), "General Structures," and not to this account. d. General Stable Equipment: This includes the cost of all equipment of general stables, including horses, harness, drays, wagons, automobiles and other vehicles, equipment of shoeing shops, harness repair shops, vehicle repair shops, etc. (221.) Works and Station Structures. Charge to this account the cost of all structures at works devoted to the production of gas, including purification and all other processes performed upon such gas antecedent to its entrance into the station holder; also of all buildings and other structures at outlying holder stations, except the holders and their appurtenances as provided in the following account, "Holders." Such structures include retort houses, generator houses, purifier houses, engine houses, boiler houses, meter houses, coal sheds, coke sheds tar houses, oil tanks, tar wells, and other structures for storage of fuel to be consumed or carbonized in the pro- duction of gas and the operations auxiliary thereto; structures for resid- uals and byproducts; appurtenant walks, fences, drives, tramways, trestle, etc., and all fixtures permanently attached to such structures and made a part thereof. Note. — Such piers and other foundations for machinery and apparatus as are designed to be permanent and to outlast the first machinery or apparatus mounted thereon shall also be charged to this account; but short lived, tem- porary, or specially provided foundations and settings for furnaces and boilers, steam engines, gas engines, pumps, generators, benches, condensers, washers, scrubbers, purifiers, etc., shall go with the machinery and apparatus to which they are related. Gas holders are not included in this account. (222.) Holders. Charge to this account the cost of all holders at works and outlying stations, including tanks, foundations, holders, frame work, guides, pul- leys, etc., and inlet and outlet of such holders. Note. — Holder housings shall be charged to the account (No. 221), "Works and Station Structures." (G141a.) Furnaces, Boilers, and Accessories. Charge to this account the cost of all furnaces, boilers, and boiler apparatus and accessories devoted to the production of steam for use in producing gas and in furnishing motive power in gas works and stations. This includes boilers and valves thereto attached, appur- tenant furnaces and grates, and flues leading to smokestacks and chim- neys, and the specially provided foundations and settings of such boilers and appurtenances. It also includes mechanical stokers and other like apparatus for regulating the supply of fuel, etc., feed and hot water 14 Public Service Commission — First District heaters and economizers, injectors, filters, feed pumps, blower engines, coal conveyors, ash conveyors, water pipes, steam traps, drains, and separators, and pipes for conducting steam from the boiler to the engine, to condensers, or to the gas producers, exhaust pipes, etc. It does not include steam pipes whose primary purpose is the heating of buildings. (G141b.) Steam Engines. Charge to this account the cost of all steam engines devoted to use as prime movers in gas works. This includes the settings and specially provided foundations of such engines. The engine, whether reciprocat- ing or rotary (such as steam turbines), shall be considered to include the throttle or inlet valve and the governor; also condensers and air pumps, but not the steam pipe leading from the boiler, nor the exhaust pipe. (G143b.) Gas Engines. Charge to this account the cost of all gas engines devoted to use as prime movers in gas works and stations. This includes the specially provided foundations and settings of such engines. The engine includes the inlet valve and governor and ignition and starting apparatus, but not the pipe leading from the gas holder, nor the exhaust pipe. (G145.) Miscellaneous Power Plant Equipment. Charge to this account the cost of all miscellaneous power plant equip- ment at gas works which is not includible in any of the foregoing accounts. This includes such mechanical apparatus as belts, pulleys, hangers, countershafts, and other apparatus intermediary between the prime mover and the apparatus operated, cranes, hoists ; etc., and machine tools and such other tools at power plants as are proper to be cap- italized, etc. (223.) Benches and Retorts. Charge to this account the cost of all benches and retorts devoted to the production of coal gas. This includes the cost of specially provided foundations and settings and auxiliary piping. (G143a.) Water Gas Sets and Accessories. Charge to this account the cost of sets and accessories devoted to the production of water gas, including the cost of specially provided founda- tions and settings for such sets. This account includes not only gen- erators, carbureters, superheaters, seals and piping connected therewith, etc., but also blast apparatus, oil and steam supplying apparatus, oil heaters, etc. It does not include pipes whose primary purpose is the warming of buildings. (224.) Purification Apparatus. Charge to this account the cost of all purification apparatus, such as condensers, washers, scrubbers, purifiers, tar extractors, etc., and their ancillary apparatus and piping, including the cost of specially provided foundations and settings. Uniform Accounts — Gas Corporations 15 (225.) Accessory Equipment at Works. Charge to this account the cost of all equipment at works and holder stations which is not includible under any of the foregoing accounts. This includes exhausters, station meters, governors, etc.; apparatus for charging retorts; conveyors for disposing of coke and other products and residuals ; tar and ammonia apparatus, pumps, pipes, tanks, etc. (231.) Trunk Lines and Mains. Charge to this account the cost of all trunk lines and mains in place. This includes all pipe lines from the yard connections to district holders, and from the works governor to the beginnings of services, including the cost of all trenching, etc., necessary to the placing of the pipe, and the cost of filling trenches and restoring the surface to its former con- dition or to that required by the municipal authorities at the time the line is installed. (232.) Gas Services. Charge to this account the cost of the corporation's property in service pipes and appurtenances in or leading to consumers' premises. This in- cludes the cost of material in place, cost of trenching for placing services, and of filling trenches and restoring surface to proper condition. Note A. — When consumers are required to pay some or all of the cost of services, only that portion of the cost not chargeable to the consumer is chargeable to this account, and in all cases where only a portion of the cost of the service is chargeable to this account, the entry in this account shall show the entire cost of the service as well as the amount charged to this account. Note B. — Where services extending only from main to curb (or to lot line) are placed before actually required for the purpose of supplying consumers, the entry of cost must show that fact. Such services will be required to be sep- arately reported in the annual reports of corporations to the Public Service Commission. Note C. — Cost of renewing or modifying services shall not be charged to this account. (233.) Gas Meters. Charge to this account the cost of the corporation's property in all meters and appurtenances used in measuring the gas delivered to con- sumers. Note A. — This account does not include the cost of the corporation's meters at the works, which shall be charged to the account (No. 225), "Accessory Equipment at Works," or to a sub-account thereunder. Note B. — Cost of setting, removing, or re-setting such meters shall not be charged to this account. Note C. — Upon filing with the Public Service Commission a notice thereof, the accounting corporation may also include in this account the cost of con- sumers' meters temporarily withdrawn from service. (234.) Gas Meter Installation. Charge to this account the labor and materials cost (exclusive of cock and connections) of the first setting of meters for determining the amount of gas delivered to consumers, in case it is the policy of the corporation to capitalise the cost of such setting. 16 Public Service Commission — First District Note A. — Cost of removing such meters and oi setting other meters substi- tuted for them shall not be charged to this account but to the account (No. 634a), "Gas Meter and Installation Work." (See page 44.) Note B. — This account must not include at any time the cost of installation of a greater number of consumers' meters than are actually in service. (235.) Municipal Street Lighting Fixtures (Gas). Charge to this account the cost of the corporation's property in the lamps, posts, and ancillary apparatus and appliances used in lighting streets for a municipal corporation. Such cost includes not only cost of material but also cost of first setting and coupling up. It does not include cost of removal or change of position. Note. — Where the municipality requires for its special benefit the extension of mains and services for street lighting, such extensions may, so long as used solely for street lighting, be charged to this account, provided a full descrip- tion of the extensions so charged and the amounts charged in respect thereof be filed with the Public Service Commission on or before the date when the entry thereof is made upon the books of the corporation. (236.) Gas Engines and Appliances. Charge to this account the cost of the corporation's property in gas engines leased to consumers (including municipal corporations), but not of those held for purposes of sale. Such engines include all ap- pliances for the production of mechanical motion through the consump- tion of gas. Also charge to this account the cost of the corporation's property in all gas stoves and other heating appliances leased to con- sumers, but not of those held for purposes of sale. This includes stoves, ranges, heaters, hot plates, sadirons, tailor's irons and gooses, and other like devices and appliances consuming gas for the direct production of heat. Note A. — The cost of setting and connecting such engines and heating appliances on the premises of consumers and the cost of re-setting or of re- moval shall not be charged to this account. Note B. — Upon filing with the Public Service Commission a notice thereof, the accounting corporation may also include in this account the cost of such gas engines and appliances temporarily withdrawn from service. (237.) Gas Tools and Implements. Charge to this account the cost of all tools and implements coming within the scope of the definition of fixed capital (see paragraph 4, page 5, ante) and not covered by any of the foregoing equipment accounts. (238.) Gas Laboratory Equipment. Charge to this account the cost of all physical and chemical apparatus used in testing and other technological work, and of all equipment in laboratories used for technological work, such as calorimetry, photo- metry, chemical analysis, and the like; also all equipment for testing building and other materials used in the engineering operations of the company. Note. — This account does not include the cost of any chemicals or other supplies, such being chargeable to the appropriate sub-account in the account "Materials and Supplies"; as consumed they shall be charged thence to the appropriate expense accounts. Uniform Accounts — Gas Corporations 17 (239.) Other Tangible Gas Capital. Charge to this account the cost of all miscellaneous tangible gas capital not elsewhere provided for. (G281.) Engineering and Superintendence. Charge to this account all expenditures for services of engineers, draftsmen, and superintendents employed on preliminary and construc- tion work, and all expenses incident to the work, when such disburse- ments cannot be assigned to specific construction. Note. — When employees enumerated above are engaged in work not charge- able to construction, their pay and expenses shall be charged to the specific work on which engaged. (G282.) Law Expenditures During Construction. Charge to this account general expenditures of the following nature, incurred in connection with the construction of a gas plant, namely: the pay and expenses of all counsel, solicitors, and attorneys, their clerks and attendants, and expenses of their offices; printing briefs, legal forms, testimony, reports, etc.; payments to arbitrators for the settlement of disputed questions; costs of suit and payments of special fees, notarial fees, and witness fees; and expenses connected with taking depositions; also all legal and court expenses. When any of the expeditures above enumerated can be charged directly to the account for which incurred, they shall be so charged and not to this account. Expenditures in connection with the acquisition of the right of way or other land shall be charged to the account (No. G110), "Land Devoted to Gas Operations." Law expenditures in connection with the organization of the corporation shall be charged to the account (No. 101), "Organization." (G283.) Injuries During Construction. Charge to this account all expenditures incident to injuries to persons when caused directly in connection with construction of gas plant and equipment; proportion of salaries and expenses of physicians and sur- geons; nursing and hospital attendance, medical and surgical supplies, artificial limbs, railroad and carriage fares for conveying injured persons and attendants; funeral expenses (including payments to undertakers); proportion of pay and expenses of claim adjusters and their clerks, and pay and expenses of employees and others called in consultation in rela- tion to the adjustment of claims coming under this head; also witness fees and amount of final judgments. (G284.) Taxes During Construction. Charge to this account all taxes and assessments levied and paid on property belonging to the corporation while under construction and before the plant is opened for commercial operation, except special taxes assessed for street and other improvements, such as grading, sewering, curbing, guttering, paving, sidewalks, etc., which shall be charged to the account to which the property benefited is charged. 18 Public Service Commission — First District (G285.) Interest During Construction. Charge to this account the interest accrued upon all moneys (and credits available upon demand) acquired for use in connection with the construction and equipment of the property from the time of such acquisi- tion until the construction is ready for use. Interest receivable accrued upon such moneys and credits shall be credited to this account. To this account shall also be credited discounts realized through prompt payment of bills for materials and supplies used in construction unless such dis- counts are credited to the particular bills. (G286.) Miscellaneous Construction Expenditures. Charge to this account the salaries and expenses of executive and general officers of a gas plant under construction; clerks in general offices engaged on construction accounts or work; rent and repair of general offices when rented, with the office expenses; insurance during construction; also all construction and equipment items of a special and incidental nature which cannot properly be charged to any other account in this classification. Note A. — This account may include a suitable proportion of store expenses when such expenses are not assignable to specific materials. Note B. — This account shall not include any costs of organization, or any costs or discounts connected with the issue and disposal of stocks, funded debt, or other securities, and commercial paper. (OHO.) Land in Other Departments. Charge to this account the cost of the corporation's interests in land (exclusive of improvements thereon) devoted to operations other than electric operations, gas operations, railroad operations, and street rail- road operations. 1 Such cost includes, when assumed or when paid by the purchaser in its own behalf, cost of registration of title, cost of examination of title, conveyancer's and notary's fees, purchasing agent's commissions or fees or proportion of purchasing agent's salary, taxes accrued to date of transfer of title, and all liens upon the title acquired. If at the time of acquisition of such interest in lands, it extends to buildings or other improvements thereon, which improvements are devoted by the corpora- tion to operations other than the four classes above mentioned, and the contract of acquisition does not determine the price of such improve- ments, they shall be appraised at their fair cash value, and such appraised value shall be charged to the appropriate accounts and excluded from the account "Land in Other Departments". If such improvements are held as investments, the cost (or appraised value at time of acquisition 1 Note. — Electric Capital, Raileoad Capital, akd Street Railroad Capital. — For the accounts to which shall be charged the cost of capital devoted to electric operations, see the Uniform System of Accounts for Electrical Corporations; for steam railroad operations, see the Uniform System of Accounts for Expenditures for Road and Equipment, etc., as established for Steam Rail- road Corporations by the Public Service Commission; and for electric railroad and street railroad operations, see the Uniform System of Accounts for Street Railroad Corporations. Uniform Accounts — Gas Corporations 19 of title if the cost to the corporation is not determined in the contract of acquisition) shall be charged to the appropriate investment account. If the improvements are removed or wrecked, the salvage (less the cost of removal or wreckage) shall be excluded from the account "Land in Other Departments". (O102.) Franchises in Other Departments. Charge to this account "the amount (exclusive of any tax or annual charge) actually paid to the State or to a political subdivision thereof as the consideration for the grant of such franchise or right" as is necessary to the conduct of the corporation's operations other than elec- tric, gas, railroad, and street railroad. (O103.) Patent-rights in Other Departments. Charge to this account the cost of all rights (having a life of more than one year from the date when placed in service) acquired by the corporation in or under valid patents granted by the United States to inventors for inventions and discoveries which are necessary to the economical conduct of the corporation's operations other than electric, gas, railroad, and street railroad. (O104.) Other Intangible Capital in Other Departments. Charge to this account the cost of all property of the corporation coming within the definition of intangible capital devoted to its opera- tions other than electric, gas, railroad, and street railroad, and not includible under any of the foregoing accounts. (O120.) Tangible Capital in Other Departments. Charge to this account the cost of all property of the corporation coming within the definition of tangible capital devoted to its opera- tions other than electric, gas, railroad, and street railroad. 25. Floating Capital divided into two groups. — Floating capital Is divided into two great groups, of which the first is herein called Ma- terials and Supplies, and the second, Current Assets. 26. Definitions of Floating Capital accounts. — In the following defini- tions the letters and figures prefixed to the titles of the accounts are no part of the titles and are inserted merely for convenience of ref- erence : (G10.) Materials and Supplies. Charge to this account the cost (including transportation) of all materials and supplies acquired by the corporation, regardless of whether the same are intended to be consumed in construction or in operation, or later to be sold. Where discounts recovered through prompt payment are not credited to the particular bills, the cost at which such materials and supplies shall be charged shall be the invoice cost, and any discounts recovered through prompt payment of bills for such materials and supplies shall be credited to the account (No. G285), "Interest During Construc- tion," or to the account (No. G852), "Undistributed Adjustments — Balance," according as such materials and supplies are intended for construction or for operation. 20 Public Service Commission — First District The scrap value of things retired from service shall be charged to an appropriate sub-account in this account, while such things remain the property of the corporation. If such scrap value is not known and cannot readily be determined it shall be estimated, and errors in such estimates when determined shall be adjusted through the accounts in- volved if during the year in which the estimates were made; if later, then through the "Corporate Surplus or Deficit" account. Inventories of materials and supplies shall be taken at least annually, and any shortages or overages disclosed by such inventories shall be credited or debited to this account and debited or credited to the operat- ing expense account (No. G852), "Undistributed Adjustments — Balance," in case they cannot be assigned to specific accounts. Shortages may, how- ever, be charged directly to "Corporate Surplus or Deficit". Where such materials and supplies have been used in construction, a suitable propor- tion of such shortages or overages may be debited or credited to the account (No. G286), "Miscellaneous Construction Expenditures". Notb. — It is not required that the transportation element of cost shall he assigned with a greater degree of accuracy than to the nearest cent per unit of material or supply. Where a single transportation item covers a multitude of things the portion of the expense not assigned to specific things should he charged to the same account that store expenses are charged to. (1.) Cash. Charge to this account all money coming into the possession of the corporation and in which the corporation has the beneficial interest. This includes coin of the United States, United States treasury notes, gold and silver certificates and greenbacks, and bank bills payable to bearer. Also charge to it all bank credits, checks and drafts receivable, subject to satisfaction or transfer upon demand (whether payable to bearer or to order). Credit this account with all cash disbursements of the corporation. (2.) Bills Receivable, Charge to this account the cost of all bills receivable (except as below provided) which are the property of the corporation and upon which solvent concerns are liable or which are sufficiently secured to be con- sidered good. This account includes demand notes, drafts, etc., issued by others than banks, and time notes, drafts, etc., by whomever issued. This account does not include investments (for which see page 21); nor does it include interest coupons. (3.) Accounts Receivable. Charge to this account all amounts owing to the corporation upon accounts with solvent concerns (other than banks) ; also the cost of all accounts and claims upon which responsibility is acknowledged by solvent concerns or which are sufficiently secured to be considered good, and of all judgments against solvent concerns where the judgment is not appealable or suspended through appeal. This account does not include negotiables. Uniform Accounts — Gas Corporations 21 (4.) Interest and Dividends Receivable. Whenever the income account is stated the appropriate sub-account therein shall be credited and this account shall be charged with all accrued but not yet collected interest upon all commercial paper and accounts considered collectible held by or for the benefit of the cor- poration; also all dividends declared or guaranteed by solvent concerns but not yet collected, the right to which is in the corporation. (5.) Other Current Assets. Charge to this account the cost of all current assets of the corpora- tion which are not includible under any of the last four foregoing accounts. By current assets are meant only those things which are readily convertible into money and which are held with the intent of being presently converted into money and not as investments. 27. Investments defined. — By Investments, as here used, are meant all properties acquired not for use in present operations, but as a means of obtaining or exercising control over other corporations, or for in- come to be derived from them, or for a rise in value, or for devotion to future operations at a time when it seems probable that they cannot be so advantageously acquired as at the time of actual acquisition. By bound investments are meant those held subject to a lien of some char- acter; by free investments are meant those held free of all liens. (300.) Investments. The cost of the corporation's title to any property held as an invest- ment shall be charged to an account entitled "Investments". Note. — In the annual reports to be made to the Public Service Commission by the corporations and other persons engaged in gas operations, investments, whether bound or free, will be required to be classified with at least the fol- lowing detail: Bound investments will he required to be divided into the three classes: "Mortgaged or Pledged Investments," "Contractual Fund Investments," and "Other Bound Investments". Each of these three classes, and the class "Free Investments," will be required to be subdivided into the following: Funded Debt of Controlling Corporations, Funded Debt of Affiliated Corporations, Funded Debt of Controlled Corporations, Stocks of Controlling Corporations, Stocks of Affiliated Corporations, Stocks of Controlled Corporations, Advances to Controlled Corporations, Funded Debt of Other Corporations, Stocks of Other Corporations, Land, Improvements on Land, and Other Investments. 28. Special Deposits defined. — By Special Deposits, as here used, are meant amounts of money and bank credits in the hands of fiscal or other agents of the corporation for the payment of coupons, dividends, or other special purposes. Credits at banks subject to check of the corporation or its agents for general purposes, deposits at banks whether withdrawable at pleasure or after a specified time, amounts of money in safety deposit vaults, etc., so long as they are available for general purposes of the corporation, shall be excluded herefrom. (311.) Coupon Special Deposits. Charge to this account all moneys and bank credits specially deposited in the hands of fiscal agents or other agents of the corporation for the 22 Public Service Commission — First District payment of interest coupons when presented. Such coupons when paid from such deposits shall be credited to this account and charged to the appropriate matured interest account. Payments to trustees (or other agents) of the holders of bonds or other securities of the interest accrued thereon which operate under the terms of the securities (or of mort- gages supporting such securities) as a release of the paying corporation from further liability for such interest shall not be charged to this account, but to the appropriate "Interest Accrued" account. (312.) Dividend Special Deposits. Charge to this account all moneys and bank credits specially deposited in the hands of fiscal agents or other agents of the corporation for the payment of dividends upon the corporation's stocks. Such dividends when paid from such deposits shall be credited to this account and charged to the appropriate dividend account. (313.) Other Special Deposits. Charge to this account all moneys and bank credits deposited in the hands of fiscal agents or other agents of the corporation for other special purposes than the payment of interest coupons and dividends. Charges to this account shall specify the purpose for which the deposit is made. When such purposes are satisfied this account shall be credited with the amount specially deposited to provide such satisfaction. 29. Prepayments. — When payments for taxes, insurance, rents, and the like are made in advance of the actual accrual thereof, the amount of the advance payment shall be charged to the appropriate account in this group. As such taxes, etc., accrue, the appropriate prepayment ac- count shall be credited and the appropriate expense or other income account shall be charged. Note. — By the accrual of taxes, insurance, rents, etc., is meant their accumu- lation when considered as spread uniformly over the period to which they apply. Thus, if the rent fixed by contract of lease for a certain property is $600 for a calendar year, this accrues at the rate of $50 each month (unless it is desired to base the accrual on days, when of course the varying lengths of the months would require to be considered), regardless of the actual times when the rent matures ; $50 should thus (if the rent has been prepaid) be credited each month to the account "Prepaid Rents," and concurrently charged to the appropriate account in the "Income" account. Similarly in the case of other prepayments. (321.) Prepaid Taxes. When taxes are paid in advance of their accrual, the amount prepaid shall be charged to this account. As the taxes thus prepaid accrue, they shall be credited at monthly intervals to this account and charged to the appropriate taxes account. This account must not include any so- called taxes, like water taxes, drainage taxes, fire taxes, etc., which are payments for special benefits received. Such payments for special bene- fits, where finally chargeable to operating expenses, must, when prepaid, be charged to the account "Other Prepayments". Uniform Accounts — Gas Corporations 23 (322.) Prepaid Insurance. When premiums on insurance policies are paid in advance of their accrual, the amount prepaid (whether paid in cash or by the issue of notes or other negotiable paper) shall be charged to this account. As such premiums accrue, they shall be credited at monthly intervals to this account and charged to the appropriate expense account. (323.) Prepaid Rents. When rents are paid in advance of the enjoyment of the term, the amount prepaid (whether paid in cash or by the issue of notes or other negotiable paper) shall be charged to this account. As the_ term is con- sumed, this account shall be credited at monthly intervals and the appro- priate rent account in the income account shall be charged. (324.) Other Prepayments. When prepayments are made for any other thing than taxes, insur- ance, and rents, above provided for, such prepayments shall be charged to this account; and as the purpose of the prepayment is satisfied, proportionate amounts shall be credited monthly to this account and charged to the appropriate expense or income account. 30. Suspense. — When any expenditure is made, the appropriate dis- position of which is not yet determinable, or when any loss occurs which under the rules of the Public Service Commission may be spread over a period of time, or when any debit made for any other reason may be amortized through charges made to expense or other income accounts at intervals over a period of time, such expenditure, loss, or other debit shall, except as herein otherwise directed, be charged to an appropriate account in this group of accounts. Note. — By "amortization" of any charge or credit is meant its gradual extinction. The word is broader than the word "depreciation," since the latter is restricted ordinarily to tangible property. The word "depreciation" also imports more of the idea of fluctuating value and is complicated somewhat with the question of cost of replacement at market prices. Because it is considered unnecessary in connection with the gradual consumption or expira- tion of life of capital to consider the question of cost of replacement until the replacement is actually made, at which time the cost of replacement is duly charged to the appropriate account, and because provision is neces- sary for the gradual extinction of certain charges (such as those for some kinds of capital, those for extraordinary casualties, for discount on debt, etc.), to which the term "depreciation" does not well apply, it is considered advisable to use the term "amortization" in connection with the extinction of such charges, and of certain corresponding credits, such as premiums on debt outstanding. (331.) Unamortized Debt Discount and Expense. When funded debt securities and other evidences of indebtedness are disposed of for a consideration whose cash value is less than the sum of the par value of the securities or other evidences of indebtedness and the interest thereon accrued at the time the transfer takes place, the excess of such sum of the par value and accrued interest over the cash value of the consideration received shall be charged to this account. 24 Public Service Commission — First District To this account shall also be charged all expense connected with the issue and sale of evidences of debt, such as fees for drafting mortgages and trust deeds, fees and taxes for recording mortgages and trust deeds, cost of engraving and printing bonds, certificates of indebtedness, and other commercial paper having a life of more than one year, fees paid trustees provided for in mortgages and trust deeds, fees and commissions paid underwriters and brokers for marketing such evidences of debt, and other like expense. At or before the close of each fiscal period thereafter, a proportion of such discount and expense based upon the life of the security to maturity shall be credited to this account and charged to the account (No. 928), "Amortization of Debt Discount and Expense," in "Income" account. Such discount and expense may, if desired, be amortized more rapidly through charges of all or any part of it, either at the time of issue or later, to the account "Other Deduc- tions from Surplus". (332.) Other Suspense. To this account shall be made all debits not elsewhere provided for and the proper final disposition of which is uncertain. This will include all such matters as expense of preliminary surveys, plans, investiga- tions, etc., made for determining the feasibility of projects under con- templation. Should any such project later be carried to completion, such amounts shall be credited to this account and charged to the proper capital account; should it be abandoned, such amounts shall be charged to "Corporate Surplus or Deficit". When the proper disposition of any matter charged to this account is determined, it shall be credited to this account and charged to the appropriate account. 31. Securities Actually Issued and Later Re-acquired. — For the case of securities actually issued by the corporation and later re-acquired by it, the following account is provided: (340.) Re- acquired Securities. When securities, whether funded debt or stocks, have been actually issued to bona fide holders for value (or after such issued by another corporation have been assumed by the accounting corporation), and after such issue (or assumption) have been acquired by the corpora- tion under circumstances which require that they shall not be treated as paid or retired, they shall be charged at face value to this account. 82. Debt defined.— The word debt, as here used, covers all absolute obligations to pay money at a definite time or times, or at a time or times which are capable of being made definite by demand or other act of the creditor. It does not cover contingent obligations, such as obligations to pay rent for future enjoyment of the term, liabilities of indorsers upon paper not yet defaulted, etc. Debt is divided into Funded Debt and Unfunded Debt. 33. Funded Debt defined.— Funded Debt comprises all debt which by the terms of its creation does not mature until more than one year after date of creation. Uniform Accounts — Gas Corporations 25 34. Unfunded Debt defined.— Unfunded Debt comprises all debt which by the terms of its creation matures one year or less after the date of creation or after demand. 35. Funded Debt accounts.— Funded debt shall be divided in the accounts into classes, such classes being determined by the four charac- teristics : (1) mortgage or other lien or security therefor, (2) rate of interest, (3) interest dates, and (4) date of maturity. A separate sub- account shall be raised for each such class of funded debt, and no two amounts of debt not agreeing in respect of all four of the character- istics above named shall be included in the same sub-account. The title of each sub-account of funded debt shall express the four charac- teristics above stated, that is to say: mortgage or other lien or security, rate of interest, dates of maturity of interest, and date of maturity of principal; as e. g., "First Mortgage 5% QF 10, Aug. 10, 1928," which means funded debt secured by the company's first mortgage, bearing interest at the rate of 5 per cent, per annum, interest maturing quar- terly on February 10th, May 10th, August 10th, and November 10th of each year, principal maturing August 10, 1928. Where any portion of the funded debt rests only on the general credit of the corporation and is not specially secured or supported by lien of any character, it shall for the purposes of these accounts be known as a "debenture." "Debentures" thus include promissory notes unsecured by mortgage or other lien, also those securities commonly known as "plain bonds." To the appropriate sub-account in "Funded Debt" shall be credited when issued the par value of the amount of evidences of funded in- debtedness issued. The entry shall show not only the amount issued but the purpose for which issued, and shall make intelligible reference to the book, page, and account whereon are shown any discounts or premiums realized on the amount issued. If the consideration received for the issue is anything else than money, the entry shall show further the principal to whom issued, and shall describe with sufficient par- ticularity to identify it the actual consideration received for the issue. If the issue in any case is to an agent of an undisclosed principal, the name and business address of such agent and the fact of his agency shall be shown in the entry. 36. Unfunded Debt accounts. — The accounts for unfunded debt are defined as follows : (351.) Taxes Accrued. Credit to this account at the close of each month the taxes accrued during the month, and make corresponding charges to the appropriate "Taxes" account. Credits to the account "Taxes Accrued" will neces- sarily be based upon estimate until the amount of tax levied for the tax period is known; such estimates shall be based upon the best data available, and as soon as the amount of tax for the period is known the account involved shall be adjusted to conform. When any tax is paid it shall be charged to this account and credited to "Cash" or other suitable account. 26 Public Service Commission — First District (352.) Receiver's Certificates. When any receiver acting under the orders of a competent court is in possession of the property of the corporation and under the orders of such court issues certificates of indebtedness chargeable upon such prop- erty, the par value of such certificates shall be credited to this account. Interest accruing upon such certificates shall also be credited monthly to this account. (353.) Judgments Unpaid. When any judgment of indebtedness is rendered by a court of com- petent jurisdiction against the corporation, or any fine or penalty re- quiring the payment of money is assessed by such a court against the corporation, and no appeal accompanied by stay of execution has been taken therefrom within the time allowed by law for such appeal, the amount of such judgment shall be credited to this account, and the entry shall designate the action or suit as a consequence of which such judgment is pronounced or such fine or penalty assessed. The desig- nation of the action or suit shall show the court, the term thereof, the parties, and the character of the action or suit. Interest accruing upon any such judgment shall be credited monthly to this account. Note. — In case of appeal and affirmance in whole or in part from which judgment of affirmance a further appeal lies, the same rule shall apply as upon entry of original judgment. (354.) Interest Accrued. Credit to this account at the close of each month the interest accrued during the month upon indebtedness of the corporation. When such interest is paid it shall be charged to this account and credited to "Cash" or other suitable account. The account "Interest Accrued" does not include interest on judgments, nor that upon receiver's certificates. The interest accruing on any judgment against the corporation or upon any receiver's certificate shall be credited to the account to which such judgment or receiver's certificate stands credited. Note. — When coupon interest matures it should he transferred from the suh- account "Unmatured Coupon Interest Accrued" to the suh-account "Coupon Interest Matured." When such interest is paid out of coupon special deposits the suh-account "Coupon Interest Matured" should he charged and the account "Coupon Special Deposit" credited. (355.) Dividends Declared. When any dividend is declared it shall be credited to this account and here remain until it is paid, when it shall be charged to this account and credited to "Cash" or other suitable account (356.) Bills Payable. W r hen any note, draft, or other bill payable which matures not later than one year after date of issue (or of demand) or assumption by the corporation of primary liability thereon is issued or assumed, the par value thereof shall be credited to this account, and when it is paid Uniform Accounts — Gas Corporations 27 it shall be charged to this account and credited to "Cash" or other suitable account. (G357a.) Consumers' Deposits — Gas. Credit to this account, as such deposits are made, all cash deposited with the corporation by consumers as security for the payment of gas bills. Deposits refunded shall be charged to this account and credited to "Cash." Deposits applicable to uncollectible or worthless gas bills shall, at the close of the fiscal year (or earlier, at the option of the accounting corporation), be credited to the account of the consumer involved and debited to this account. (357b.) Other Accounts Payable. Credit to this account when incurred all liabilities of the corporation upon open accounts, except those provided for in the foregoing account "Consumers' Deposits." (358.) Other Unfunded Debt. Credit to this account at face value all unfunded debt upon which the corporation is liable and which is not elsewhere provided for. 37. Reserves. — Reserves shall be classified as Permanent and Tempo- rary. 38. Permanent Reserves defined.— By Permanent Reserves are meant those that must be maintained intact during the life of the corporation. Permanent reserves shall be classified into the two classes: Premiums on Stocks and Other Permanent Reserves. (371.) Premiums on Stocks. Premiums on stocks shall be sub-classified with respect to the several classes of stocks, for definitions of which see accounts under the head "Stocks." A sub-account shall be kept for each particular class of stocks, and such sub-accounts shall be severally entitled: Premiums on Debenture Stocks, Premiums on First Preferred Stocks, Premiums on Second Preferred Stocks, etc., and Premiums on Common Stocks. When a premium is realized upon an issue of any particular class of stock, such premium shall be credited to the sub-account above provided for such class of stock, and such credit shall remain in such account so long as such stock remains outstanding. By a premium realised (as the words are above used) is meant the excess of the actual money value (at the time of issue of the stock) of the consideration received for such issue over the par value of the amount of stock issued. If the stock is issued by the corporation to its treasurer or other agent, the excess of the actual money value of the consideration obtained by such agent in exchange for such stock over the par value thereof shall be con- sidered the premium realized. 28 Public Service Commission — First District (372.) Other Permanent Reserves. Credit to this account all reserves not above provided for created to remain intact until the dissolution of the corporation. A separate sub- account shall be created for each particular purpose for which a reserve is raised, and the purpose of the reserve shall be designated in the title of the account thereof and shall be expressed in full in the first entry in such account. 39. Temporary Reserves defined.— By Temporary Reserves are meant those that are not intended to remain intact during the life of the corporation. Temporary Reserves shall be classified as Contractual Re- serves and Non-contractual Reserves. 40. Contractual Reserves defined.— Contractual Reserves are reserves necessitated by contracts of the corporation, as e. g., reserves to cover sinking funds provided for in mortgages, etc. A separate sub-account shall be raised for each particular contractual reserve, and to such account shall be credited all appropriations and accumulations made in accordance with the contract provisions under which such reserve is created. The purpose of the reserve shall be designated in the title of the account thereof and shall be expressed in full in the first entry in such account. 41. Non-contractual Reserves defined.— Non-contractual Reserves are such temporary reserves as are raised without being required under any contract. Non-contractual reserves are divided into Required and Optional. 42. Required Reserve accounts. — Required reserves are provided for in the following accounts : (374.) Accrued Amortization of Capital. Credit to this account such amounts as are charged from time to time to "Operating Expenses," or other accounts to cover depreciation of plant and equipment, and other amortization of capital. When any capital is retired from service, the original money cost thereof (esti- mated if not known, and where estimated, that fact and the facts upon which the estimate is based shall be stated in the entry), less salvage, shall (except as provided in the account (No. G100) "Fixed Capital, December 31, 1908,") be charged to this account. The amount originally entered or contained in the charges to any capital account in respect of such capital so going out of service shall be credited to such cap- ital account, and any necessary adjusting entry made to the appro- priate sub-account under the account "Corporate Surplus or Deficit." (375.) Unamortized Premium on Debt. When funded debt securities or other evidences of indebtedness are disposed of for a consideration whose cash value is greater than the sum of the par value of such securities or other evidences of indebted- ness and the interest thereon accrued at the time the transfer takes place, the excess of the cash value of such consideration received over the sum of the par value of the securities or other evidences of in- Uniform Accounts — Gas Corporations 29 debtedness and the accrued interest shall be credited to this account. At monthly intervals thereafter a proportion of such premium based upon the life of the security or other evidence of indebtedness to maturity shall be charged to this account and credited to "Amortization of Premium on Debt" in "Income" account; or at the option of the cor- poration the charge to this account may be delayed to a time not later than the date of maturity of the debt, in which case the proportion applicable to the period covered by the then current income account shall be credited to the account "Amortization of Premium on Debt," and the remainder of the credit shall be to the account "Other Addi- tions to Surplus." (376.) Other Required Reserves. Credit to this account all required reserves not elsewhere provided for. The first entry of a credit to this account with respect to any particular reserve shall show the purpose of the reserve, and every subsequent entry with respect to that reserve shall designate the reserve to which it relates. 43. Optional Reserve accounts. — Optional Reserves are those the crea- tion of which is solely within the discretion of the corporation. For such reserves the following two accounts are provided: (381.) Casualties and Insurance Reserve. When any admitted liability arises because of loss or damage to the property of others, or of injuries to employees or other persons, the amount of the liability may (if not previously provided for by insur- ance or self-insurance) be charged to the appropriate operating expense or other accounts and credited to this account, against which (in such case) the actual cost of satisfaction of the liability shall be charged when the matter is determined. If the extent of the liability can not be ascertained promptly after the liability arises, it may be estimated as accurately as practicable for the purpose of determining the imme- diate charge to the expense or other appropriate account, in which case the matter shall be adjusted when the extent of the liability is definitely ascertained. If the loss is of such character that it is in the whole or in part indemnifiable under any contract of insurance carried by the corporation, the indemnifiable portion of the loss shall be charged to the insurer and credited to "Casualties and Insurance Reserve." Also credit to this account the amounts charged to the operating ex- pense account "Insurance" to cover self -carried risks. (382.) Other Optional Reserves. A sub-account shall be raised for each particular reserve, and its title shall designate the purpose of such reserve and the first entry therein shall express in full such purpose. 44. Stocks defined. — By Stocks of a corporation, as the term is here used, are meant those securities which represent permanent interests in the corporation or interests which, if terminable, are so only at the option of the corporation. 30 Public Service Commission — First District 45. Stocks classified. — Stocks are classified as — Debenture Stocks, First Preferred Stocks, Second Preferred Stocks, etc., and Common Stocks. 46. Debenture Stocks defined. — Debenture Stocks are those issued un- der a contract to pay absolutely thereon at specified intervals a specified return. 47. First Preferred Stocks defined. — First Preferred Stocks are those which have the first claim upon such dividends as may be distributed. They may be cumulative or non-cumulative, participating or non-par- ticipating. If cumulative, the amount by which the dividend at any dividend period fails to reach the stipulated rate is carried forward to continue as a claim upon dividends until satisfied; if non-cumulative, such amount lapses. If a first preferred stock is participating, it is not limited to the stipulated rate in the amount of dividends which it may receive, but is entitled to participate, in accordance with the terms of the contract under which it is issued, in further dividends; if non- participating, it is limited to the stipulated rate. 48. Second Preferred Stocks defined.- Second Preferred Stocks are those whose claims in the distribution of dividends are next after those of first preferred stocks. These stocks may also be cumulative or non- cumulative, participating or non-participating. 49. Common Stocks defined. — Common Stocks are those whose claims in the distribution of dividends are subordinate to the claims of all other stocks. 50. Voting Powers. — Stocks differ also in regard to the voting powers incident to ownership of them. 51. Retirement of Stocks. — Stocks are sometimes Issued under con- tracts wherein the issuing corporation reserves to itself the right to retire them at its option, either absolute or subject to conditions ex- pressed in the contracts whereunder the stocks are issued. 52. Separate account required for each class of stocks. — In the ac- counts of stocks outstanding, a separate account shall be raised for each class of stock issued, and no two stocks shall be considered of the same class unless they are equal in their interest or dividend rights, their voting rights, and the conditions under which they may be retired. The characteristics of any class of stocks in these three regards shall be designated in the title of the account raised to cover such stocks, and shall be clearly expressed in the first entry in such account. To the account for any class of stocks shall be credited when issued at par value of the amount of stock of that class issued. If such issue is for money, that fact shall be stated; and if for any other consideration than money, the person to whom issued shall be designated, and the consideration for which issued shall be described with sufficient par- ticularity to identify it; if such issue is to the treasurer, or other agent *of the corporation, to be by him disposed of for the benefit of the cor- poration, that fact and the name of such agent shall be shown; and such Uniform Accounts — Gas Corporations 31 agent shall in his account of the disposition thereof show the like details concerning the consideration realized thereon, which account when accepted by the corporation shall be preserved as a corporate record. If the fair cash value of the consideration realized upon the issue of any amount of stock is greater than the par value of such stock, the excess shall be credited to the account "Premiums on Stocks," and the corresponding reference thereto shall be contained in the entry relating to such stock in the stock account. SCHEDULE B, INCOME ACCOUNT 1. Income and Indicant accounts compared. — A comparison of the balances in the foregoing accounts (Schedule A) at any particular moment will, if the accounts have been properly kept, show the then existing conditions of a corporation's affairs so far as such condition can be shown through the accounts. The group of accounts just defined is sometimes called the Balance Sheet or Indicant accounts. Their bal- ances indicate the condition of the corporation at any particular time. These accounts with their subsidiary accounts are all that are necessary prior to the time when the corporation becomes what may be called a "going concern." When a corporation begins operations it requires an additional group of accounts in which to classify in convenient form the accounting history of the various changes it undergoes. Such group of accounts brings together or accumulates the account of the various incidents of the corporation's history. This group of accounts may be called the Income account. They are made up usually on a yearly basis and are closed into one grand account called "Corporate Surplus or Deficit," which ties together this group of accounts and the preceding group. 2. Divisions of Income account. — The principal divisions of this group of accounts are the Revenue accounts, the Revenue Deduction accounts, the Income Deduction accounts, and the Appropriation ac- counts. 3. Revenues defined. — By Revenues, as the word is used herein, are meant all amounts of money which the corporation receives or becomes lawfully entitled to recover for services rendered, for products sold, as gross profits on merchandise sold, or as a return upon its property (or interests in property). Revenues are classified as Operating Rev- enues and Non-operating Revenues. 4. Operating Revenues defined.— Operating Revenues are those de- rived from the sale of products and merchandise, from services ren- dered, and from return on property used by the person or corporation in its own operations. 5. Non-operating Revenues defined.— Non-operating Revenues are those derived as a return upon the property of the corporation in the hands of others or from its interests in property in the hands of others. They may be sub-classified as Rents, Interest, Dividends, and Miscel- laneous. 6. Revenue Deductions defined.— Revenue Deductions include Ex- penses, Taxes and Uncollectible Bills. Uniform Accounts — Gas Corporations 33 7. Expenses defined.— Expenses are those outgoes (including capital consumed) necessary to the production of the commodities sold and the services rendered, and to the collection of the revenues. They are divided into Operating Expenses and Non-operating Expenses. Operating Expenses are those incident to the operating revenues. 8. Taxes defined.— Taxes are those annual or other payments exacted by governments for the purpose of raising funds for public uses. 9. Uncollectible Bills defined. — When a corporation is engaged regu- larly in rendering to general consumers a service, or in supplying to such consumers a commodity (as e. g., electric energy or gas for light, heat, or power), current accounts or claims against such consumers for such service rendered or commodity supplied which are incapable of collection by the exercise of reasonable diligence are included under the name Uncollectible Bills. 10. Gross Income, Income Deductions, and Net Corporate Income de- fined. — Revenues, diminished by expenses, taxes, and uncollectible bills, give an amount called Gross Income, which is applicable to cor- porate and leased properties. Gross income is subject to several com- pulsory deductions, mostly contractual, like rent, interest, etc., and the remainder after these are made is called Net Corporate Income, which being subject only to the discretion of the corporation is most con- veniently carried directly to the corporate surplus. The accounts covering the compulsory deductions from gross income as above defined, are called the Income Deduction accounts. 11. Appropriation accounts defined. — The accounts covering the yearly changes in the corporate surplus are called the Appropriation accounts, since practically all of the matters covered by them are within the discretion of the corporation, although they also include certain adjustments made because of facts of previous years imperfectly accounted for at the time (whether through error or through lack of information), and certain other minor matters like extraordinary ex- penses not chargeable as deductions from revenues; also such matters as profits on the sale of capital, and profits and losses on the sale of investments. 12. Definitions of Gas Operating Revenue accounts. — Credits to the various revenue accounts shall be made upon the basis of bills rendered or of gross prices. Discounts for prompt payment, corrections of over- charges, overcollections theretofore credited and afterward corrected, authorized abatements and allowances, and other corrections and de- ductions shall be charged to the revenue account to which they relate. In the following definitions of accounts the letters and numbers pre- fixed to the titles are inserted solely for convenience of reference and are no part of the titles or of the definitions: (431.) Municipal Street Lighting — Gas 1 Credit to this account all revenues derived from lighting streets for 1 Charges to this and the following revenue accounts must be made in such wise as to permit their classification in the annual report of the corporation to the Public Service Commission. 34 Public Service Commission — First District municipal corporations by means of gas, or from supplying gas therefor. Note. — In the foregoing account the word "streets" is to be interpreted to include parks, plazas, and all other public places not classified as buildings. (432.) Lighting Municipal Buildings— Gas. Credit to this account all revenues derived from lighting municipal buildings by means of gas, or from gas supplied for such purposes, or for heat or power in municipal buildings where such gas is supplied at lighting rates and is not separately measured. (433.) Municipal Heat and Power — Gas. Credit to this account all revenues derived from municipal corpora- tions for gas supplied at special heat or power rates to such corpora- tions for the production of heat and power. (434.) Miscellaneous Gas Revenue — Municipal. Credit to this account all revenues derived from supplying gas to municipal corporations and not provided for in the foregoing accounts; also those from the letting of engines and other gas equipment to such corporations. (435.) Prepaid Gas. Credit to this account all revenue derived from the sale of prepaid gas delivered through so-called "prepayment meters." (436.) Commercial Metered Lighting — Gas. Credit to this account all revenues derived from all consumers except municipal corporations for gas measured through ordinary meters and supplied for lighting at lighting rates. Notb A. — Where gas flowing through any ordinary meter is used by any other consumer than a municipal corporation for lighting and incidentally for heating or power purposes, the revenues derived therefrom shall be credited to this account. Notb B. — This account does not include gas sold or supplied to other gas corporations for distribution; for such gas, see account (No. 438), "Other Gas Corporations". (437.) Commercial Heat and Power — Gas. Credit to this account all revenues derived from all consumers except municipal corporations for gas supplied for heat or power at special heat or power rates. Notb. — This account does not include gas sold or supplied to other gas cor- porations for distribution; for such gas, see the account (No. 438), "Other Gas Corporations". (438.) Other Gas Corporations. Credit to this account all revenues derived from gas sold or supplied to other gas corporations to be by them distributed through their own pipes to consumers. If any portion of such gas is incidentally consumed by such corporations for their own benefit, whether for light, heat, or Uniform Accounts — Gas Corporations 35 power, it shall be included herein, if not separately measured, or if in- cluded under the same contract with that which is distributed by them to consumers. (439.) Commissions on Others' Gas. Credit to this account all revenue accruing to the corporation for distributing gas of other companies through its pipes, selling the same, and for all other services performed in connection therewith. Note. — In case the corporation distributes through its pipes the gas of another company, the corporation shall charge "Cash" or the appropriate sub- account (or accounts) under "Accounts Receivable" with the value of the gas of such other company, supplied by the corporation to consumers, and shall enter a corresponding credit to a clearing account "Gas Supplied by Company, and Distributed by this Corporation [or, 'by ,' naming the corporation keeping the account] " which account shall monthly be cleared by charging to such clearing account the amount neces- sary to balance, and crediting to the account "Commissions on Others' Gas" the Corporation's proportion of the total revenue, and to the account of the company supplying such gas to the corporation that company's proportion of such total revenue. (440.) Rent of Gas Appliances. Credit to this account all revenues derived from the letting of gas engines, heating appliances, lamps, and other gas apparatus and appli- ances (except meters) to others than municipal corporations. Where the contract of letting names only a single consideration for both the letting and the maintenance of the appliances so let, the entire revenue shall be included in this account. (441.) Gas Merchandise and Jobbing Revenue. Credit to this account all receipts from the sale of gas merchandise and from gas jobbing. Charge to this account the cost to the accounting corporation of gas merchandise sold, such cost including transportation charges paid on such goods. Credit also to this account the profit or commission accruing to the corporation on all jobbing work performed by it as agent under agency contracts, whereunder it undertakes to do jobbing work for another for a stipulated profit or commission upon its actual expense for labor, materials, and supplies. Note A. — In its annual reports to the Public Service Commission the re- porting corporation will be required to analyze the credits and debits to this account. Note B. — This account does not include receipts from the sale of superseded equipment, or of junk or other scrap or salvage. (442.) Sale of Residuals and Byproducts. Credit to this account all revenue derived from the sale of residuals and byproducts. This account shall be so kept as to enable the corporation to show in its annual report to the Public Service Commission the amounts of revenue derived from the following sources: 36 Public Service Commission — First District Sale of Gas Coke. Sale of Coal-gas Tar. Sale of Water-gas Tar. Sale of Ammoniacal Liquor. Sale of Other Residuals and Byproducts. Notb A. — The amount of revenue from the sale of any residual or byproduct shall be determined by the price received at the point of delivery to the pur- chaser, and any expense incurred by the corporation in effecting delivery shall be charged to the appropriate operating expense account. Note B. — Residuals and byproducts consumed by the corporation shall not be credited to the account "Sale of Residuals and Byproducts." (443.) Joint Gas Rent Revenue. When any corporation engages in gas operations for the production of some of its product for the benefit of another or others under an ar- rangement for apportioning the expense upon the basis of the relative amounts of benefit to the several participants in the arrangement, if such arrangement provides for the receipt by the corporation of any profit or return upon its property, such profit or return upon property shall, as it accrues, be credited month by month to this account. Such profit or return must be over and above any provision for wear and tear and depreciation of plant involved in the said production, and the amount thereof must be as provided in the arrangement under which the joint production occurs. (444.) Other Miscellaneous Gas Revenue. Credit to this account all revenues derived from others than municipal corporations for the supply of gas and from other gas operations not includible in any of the foregoing accounts. 13. Revenue from Outside Operations. — The detailed revenue ac- counts for operations other than the above mentioned will be provided for elsewhere. 14. Operating Expenses defined. — By the operating expenses of a cor- poration are meant such expenses as are necessary to the maintenance of the corporate organization, the rendering of services required or authorized by law, the sale of merchandise, the production (including herein capital consumed) and disposition of the commodities produced, and to the collection of the revenues therefor. Expenses directly inci- dent to the collection of non-operating revenues and the maintenance of the property from which non-operating revenues are derived are ex- cluded from operating expenses. 15. Definitions of certain terms used in connection with expense accounts. — Except where some other meaning is clearly specified in the definitions of the accounts, the following words, wherever used hereunder, have the meanings below stated: Cost means cash or money cost, and not price based on a term of credit. Labor means human services of whatever character. Cost of labor includes wages, salaries, and fees paid to persons for their services. Uniform Accounts — Gas Corporations 37 Cost of materials and supplies includes all specifically assignable transportation charges incurred in obtaining the delivery of such ma- terials and supplies upon the premises of the purchaser, and cost of any special tests made thereon prior to their acceptance; and in case the accounting person or corporation desires, it may include a suitable proportion of store expenses (when the materials and supplies are passed through stores) and the cost of further transportation to the place of consumption, and a suitable proportion of the expenses of the purchas- ing department, in which case a corresponding credit shall be made to the suitable expense account as hereinafter provided. Cost of repairs, when made by the accounting person or corporation, includes cost of labor expended and material consumed, less salvage, if any. Note. — It is not required that the transportation element of cost shall be assigned with a greater degree of accuracy than to the nearest cent per nnit of material or supply. Where a single transportation item covers a multitude of things the portion of the expense not assigned to specific things should be charged to the same account that store expenses are charged to. 16a. Classification of Gas Operating Expenses. — For the purposes of this classification gas corporations are divided into two classes desig- nated respectively as Large Companies and Small Companies. The term "Large Companies" shall include all corporations having an annual revenue from gas operations of more than $500,000; all other corpora- tions shall be classed as "Small Companies." Large companies are required to keep as primary accounts the accounts defined in the text below; while small companies may consolidate certain accounts in accordance with the following list: SMALL COMPANIES. I. Pkoduction Expenses. (601) Gas Making Labor. (602) Boiler Fuel. (603) Water. (604a) Fuel under Retorts. (604b) Coal Carbonized. (605) Coal Gas Enricher. (606) Generator Fuel. (607) Water Gas Oil. (608) Purification Supplies. (609) Miscellaneous Works Expense. (610) Repairs of Works and Station Structures. (610.5) Repairs of Power Plant.. LARGE COMPANIES. I. Production Expenses. "(601a) Works Superintendence. (601b) Boiler House Labor. (601c) Retort House Labor. (601d) Generator House Labor. (601e) Purifier House Labor. (601f) Miscellaneous Labor at Works. (602) Boiler Fuel. (603) Water. (604a) Fuel under Retorts. (604b) Coal Carbonized. (605) Coal Gas Enricher. (606) Generator Fuel. (607) Water Gas Oil. (608) Purification Supplies. (609) Miscellaneous Works Expense. (610) Repairs of Works and Station Structures. (G508) Repairs of Furnaces, Boilers and Accessories. (G509) Repairs of Steam Engines. (G511b) Repairs of Gas Engines. (G513) Repairs of Miscellaneous Power Plant Equipment. 3S Public Service Commission — First District SMALL COMPANIES.— Continued. (611.5) Repairs of Gaa Apparatus. (015) Repairs of Works Tools. (616) Gas Storage. (617) Gas from other Sources. LARGE COMPANIES.— Continued. (611) Repairs of Benches and Retorts. (Golla) Repairs of Water Gas Sets and Accessories. (612) Repairs of Purification Apparatus. (613) Repairs of Holders. (614) Repairs of Miscellaneous Equip- ment. '(615) Repairs of Works Tools. (616) Gas Storage. (617) Gas from other Sources. II. Transmission and Distribution Ex- penses. (631) Transmission Pumping. (632) Distribution Superintendence. (633) Distribution Supplies and Expenses. (634a) Gas Meter and Installation Work. (634b) Work on Consumers* Premises. (635) Repairs of Gas Mains. (636) Repairs of Gas Services. (637) Repairs of Gas Meters. (638) Repairs of Distribution Tools. (639) Repairs of Gas Appliances. II. Transmission and Distribution Ex- penses. (631) Transmission Pumping. (632) Distribution Superintendence. (633) Distribution Supplies and Expenses. (634a) Gas Meter and Installation Work. (634b) Work on Consumers' Premises. (635) Repairs of Gas Mains. (636) Repairs of Gas Sen ices. (637) Repairs of Gas Meters. (638) Repairs of Distribution Tools. (639) Repairs of Gas Appliances. HI. Municipal Street Lighting Ex- III. PENSE8. (641) Street Lamp Operating. (641) (642) Street Lamp Repairs. (642) Municipal Street Lighting Ex- penses. Street Lamp Operating. Street Lamp Repairs. IV. Commercial Expenses. (G551) Commercial Administration — Gas. (G552) Promotion Office Expense — Gas. (G553) Advertising — Gas. (G554) Canvassing and Soliciting — Gas. IV. Commercial Expenses. (G551) Commercial Administration — Gas. (G552) Promotion Office Expense — Gas. (G553) Advertising — Gas. (G554) Canvassing and Soliciting — Gas. V. General and Miscellaneous Expenses. G833) Salaries and Expenses of General Officers. (G834) Salaries and Expenses of General Office Clerks.