THE WELLINGTON TRUST AND LOAN COMPANY.

Evening Post, Volume LXXIII, Issue 28, 2 February 1907, Page 5

THE WELLINGTON TRUST AND LOAN COMPANY.

ANNUAL MEETING. The annual meeting of the W"ellingttta Trust, Lortn, and Investnienfc Company, Ltd., was held in the Chamber of Commerce last evening. Mr. J. P. Maxwell, chairman of director*, presided, and there were about twenty-threo shareholders in attendance. The rcp'orb and balance-sheet showdd that the net profit;; for the year wefe £11,416 13s Id, which, added t6 £1804 0s lid brdnght forward from tne previous year, amounted t6 £13,220 14s 3d,' from x winch £4050 hnd already been taken arid paid as an interim dividend. Thd sum of £3000, taken from the profit*, had been added to the reservo fund, and tho value of the freehold property liad been increased by; £2CfOO, ' to accord with tho unimproved value cf the land-tax valuation. The chairman moved the adoption of the report and balance-sliest ; also, that a farther dividend 6f 4 per cent., which would absorb £4050— making altogether 8 per cent, for the year — be paid on the 2nd inst., and that a balance of £2120 14s 3d be carried forward. In speaking to the motion, he- explained tna{ the business of the company had been sustained satisfactorily, and that thero had been plenty of deposits* during the year. The motion was 6'econded by Mr. C. T. Richarddon, and carrfod.Messrs. 0. H. Izard, J. P. Maxwell, and Dr. A. K. Newman were re-elected directdr*,- and Slessfa. D. T. Stuart and C T. Powles -wtte reappointed auditors, a sum of seventy guineas being donated to the lfitter for their services. A ( vote of tnanks was accorded the chairmari and thd officers for their ««r--vices. Ifa returning thanks, thfe chairman iiaid the duties of the officers had been especially arduthis this" year. The company Had fceeu bilint oilt, and though its books' and records, fortunately.- We're preserved, yet iflany cf the papers were destroyed. The Upset of Btialncs's was considerable, and it had thrown a great ddal of work and a great ddal of anxiety on the officers immediately concerned.

Rugby 1 bids, fair' td oust iha bid barbaric styl« of football in, tho American universities. A coupls of articles in a recent number of tho Sunset Magazine, published at San Franciaco, show that there is great interest in the gamo In which New Zealandew artt pfA-lmlnSnt. "Few people not dir'sctly in touch with football affairs realise how seriously, during 1 last fall and winter, the presidents and trustees of th& leading Eastern universities considered tlio t6tol eiifflination of American football from the list of colle^o sports," writes Mr. Oscar N. Taylor, conch of the California Univemity Rugby team. 'JTheit consent to allotf tltt game to be plowed whs at Mst gained on the ground tluit tho new changes in tho ruled should ■ bos given a fair tritlf As the situation stood, jmLUe opinion through--out- the country demanded a change." Tho collegians, at Irnst, were naturally shy about changing their fetish, but. once they plunged into Rugby they did not regret their action. "As tho finer points of the game are being learned, th© mdn aro growing to like 1 the gartte for itfl own mcrita, sjjates Mt. Taylor. "At first it was thougnf ifc might bo a 'sisa^' game If or sisters only), but when practice proved that bruixes tains and blodd could flow in this game, too, their faces lit up, and uuch expressions as 'Rugby's all right,' 'Rugby for me/ were oft^u heard ot the fi«id