~Gas Companies.~--The first, or Birmingham Gaslight Co. was formed in 1817, incorporated in 1819, and commenced business by buying up the private adventurer who built the works in Gas Street. The Company was limited to the borough of Birmingham, and its original capital was £32,000, which, by an Act obtained in 1855, was increased to £300,000, and borrowing powers to £90,000 more, the whole of which was raised or paid up. In the year 1874 the company supplied gas through 17,000 meters, which consumed 798,000,000 cubic feet of gas. The Birmingham and Staffordshire Gas Co. was established in 1825, and had powers to lay their mains in and outside the borough. The original Act was repealed in 1845, the company being remodelled and started afresh with a capital of £320,000, increased by following Acts to £670,000 (all called up by 1874), and borrowing powers to £100,000, of which, by the same year £23,000 had been raised. The consumption of gas in 1874 was 1,462,000,000 cubic feet, but how much of this was burnt by the company's 19,910 Birmingham customers, could not be told. The two companies, though rivals for the public favour, did not undersell one another, both of them charging 10/-per 1,000 feet in the year 1839, while in 1873 large consumers were only charged 2/3 per 1,000 feet, the highest charge being 2/7. The question of buying out both of the Gas Companies had been frequently mooted, but it was not until 1874 that any definite step was taken towards the desired end. On April 17th, 1874, the burgesses recorded 1219 votes in favour of Mr. Joseph Chamberlain's proposition to purchase the Gas [and the Water] Works, 683 voting against it. On Jan. 18th, 1875, the necessary Bills were introduced into the House of Commons, and on July 15th and 19th, the two Acts were passed, though not without some little opposition from the outlying parishes and townships heretofore supplied by the Birmingham and Staffordshire Co., to satisfy whom a clause was inserted, under which Walsall, West Bromwich, &c., could purchase the several mains and works in their vicinity, if desirous to do so. The Birmingham Gas Co. received from the Corporation £450,000, of which £136,890 was to be left on loan at 4%, as Debenture Stock, though £38,850 thereof has been kept in hand, as the whole was redeemable within ten years. The balance of £313,000 was borrowed from the public at 4%, and in some cases a little less. The Birmingham and Staffordshire Gas Co. were paid in Perpetual Annuities, amounting to £58,290 per year, being the maximum dividends then payable on the Co.'s shares, £10,906 was returned as capital not bearing interest, £15,000 for surplus profits, £30,000 the half-year's dividend, and also £39,944 5s. 4d. the Co's Reserve Fund. The total cost was put down as £1,900,000. The Annuities are redeemable by a Sinking Fund in 85 years. For their portion of the mains, service pipes, works, &c. formerly belonging to the Birmingham and Staffordshire Company, the