TRUST, LOAN, AND INVESTMENT COMPANY.

Dominion, Volume 1, Issue 112, 4 February 1908, Page 5

TRUST, LOAN, AND INVESTMENT COMPANY.

ANNUAL MEETING.'-.. :. The .thirty-fifth, annual general. meeting of the .. shareholders, of ,she -- Wellington! Trust,Loan,, and Investment Company, Limited, was held at the. Chamber., of Commerces last night. • The first business was tho consideration of the report and • balance-sheet, arid; declaration of dividend. .- ' •■• • ■ Mr., J...1>. Maxwell, chairman of directors, in moving, that the report and,.'balance-sheet .be ,adopted ' ajid dividend 'dcclnml, spqko..as follows"Tlie" Company has hnd.V.very .sue-' cessfui; year.. During "tlic' juisl; twelve' months it.- has taken over the, securities of the Colonists' Land and Loan Corporation, which is .'retiring train: business in New Zealand.' The business.is of a very satisfactory chavaetpr, and wc-have been able to 'make financial arrangements accordingly. The taking over of that business has somewhat swelled tlie balancesliect of th'd- Company above the normal. Regarding the new, building, we, had hoped to be in.it by the present time, hut the negotiations about .light and air with our neighbours have been a little. inore protracted than was expected. 1 ' The. matter: is liow very satisfactorily, settled; We expect our new. building to cost something approaching £6000, 'and"we have every- rensbu: to consider that it .will form a very' substantial'investment. Already we: have let * patrt premises. The financial disturbances in other parts of the World can hardly be said to have affected the Company. We- have 'found' it necessary to raise the do-, posit rate of - per cent., as was done in the daily part of• 1901, and also in 1005,"to meet' the -conditions ..which prevail at this period of the year." . The motion, which was seconded by Mr. C. T. Richardson, was unanimously agroed to. The election-of directors'was moved by Mr. G. M. Kobbell, ami soconded by Captain' Johnson. [t was resolved, on the motion, of Mr. A., Wiirburton, seconded by, Mr. E. P. Bucholz, that tho retiring auditors bo rc-nppointed. ; On the motion of Mr. ,W. W. Knowles, a hearty vote; of thanks was accorded the Chairman,'directors, and staff. This-concluded the business.