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The estimates submitted by the manager for the fiscal year beginning Jan. 1, 1910, were as follows:

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At the annual town meeting on March 14, 1910, the following appropriations were authorized:

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$4,796 00

1,634 00

$6,430 00

Braintree. The result of the operation of the plant for the fiscal year ending Dec. 31, 1909, as stated by the manager, was as follows:

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The estimates submitted by the manager for the fiscal year beginning Jan. 1, 1910, were as follows:

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$2,000 00

The following appropriations were voted at the annual town meeting held April 11:

For maintenance,

For interest,

For depreciation,

For sinking fund,

For note payment, .

For construction,

847 50 4,341 51

430 00 5,000 00

$12,619 01

375 00

$12,994 01

Chicopee. -The result of the operation of the plant for the fiscal year ending Nov. 30, 1909, as stated by the manager was as follows:

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The estimates submitted by the manager for the fiscal year beginning Dec. 1, 1909, were as follows:

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At a regular meeting of the board of aldermen, March 7, it was voted to appropriate $55,000 for the expenses of the electric light department including new construction, operating expenses, interest, bond and note payments, and jobbing.

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Concord. The result of the operation of the plant for the fiscal year ending Jan. 31, 1910, as stated by the manager, was as follows:

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No provision was made for depreciation, as required by law. This would have added $3,665.21 to the expenditures above noted, and have resulted in a loss as defined by statute in the operation of the plant of $2,544.70.

The estimates submitted by the manager for the fiscal year beginning Feb. 1, 1910, were as follows:

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At the annual town meeting, held by adjournment on April 21, 1910, the receipts of the municipal light plant, together with the sum of $5,000 were appropriated for the purpose of operating the plant, for the payment of interest on the municipal light loan, and for the contribution of 2 per cent. to the sinking fund of said loan.

At the same meeting it was voted: "That the treasurer, with the approval of the municipal light board for the purchase of a new unit, superheaters, rearrangement of street-lighting circuits and changes of switchboard, also for the purchase of line materials, meters and transformers, and for the overdraft

of last year (see twelfth annual report), be authorized to borrow a sum of money not exceeding $20,000, by the issue of bonds or notes payable in thirty years from date of issue, bearing interest not exceeding 4 per cent. per annum. Any accrued interest that may be realized from said bonds or notes shall be credited to maintenance account."

Danvers. The result of the operation of the plant for the fiscal year ending Dec. 31, 1909, as stated by the manager, was as follows:

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Excess of income and appropriations over expenditures, $3,028 87

The estimates submitted by the manager for the fiscal year beginning Jan. 1, 1910, were as follows:

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