FORGING AHEAD

Hawke's Bay Tribune, Volume XIX, Issue 64, 2 March 1929, Page 9

FORGING AHEAD

OLD FIRM IN YOUNG HANDS. It is always interesting to hear of an old firm going on from one generation to another, and of young men of to-day “making good.” Such sentiments may be applied to recent developments in connection with the Charles Haines Advertising Agency Ltd., whose founder died a few weeks ago. Many people, familiar with the firm only by its reputation, have imagined that possibly the Agency •might suffer a setback by the inevitable change in control. Such is not the case, however, as we are assured by an official statement just made by the directorate of the Haines Agency. It is stated that many years ago Mr, Haines, with wise foresight, began to make arrangements whereby the control of the business would eventually pass to the leading members of his organisation. As long ago as 1919, when the Agency was formed into a company, a first distribution of shares was made amongst certain members of the staff. Three yeard ago, several executives were promoted to the board of directors, and to-day, amongst others, each branch office manager has a seat on the hoard. The managing director, _ Mr. Will Appleton, has been associated with Mr. Haines for the past nineteen years and for seventeen years was Mr. Haines’s partner. The other directors, all of whom have a lengthy association vwith the company, are Mr. Herbert J. Lousley, Dunedin manager; Mr. Maurice Hurst, art and literary manager; Mr. David Oody, head office manager; Mr. C. H. Dickinson, Auckland manager- and Mr. A. B, Edwardes, Christcnurch manager. The secretary is Mr. P. G. Williams, A.1.A., N.Z. In short, the complete control of the agency is in the hands of a group of men selected and trained by Mr. Haines, and appointed by him to executive positions with the aim of making an efficient organisation.

No disturbance of capital or changes in finances will be made, but io provide for expansion in business the capital of the company is being increased immediately, and the whole of the new allotment will be issued to members of the staff, increasing the number of the staff shareholders from 11 to 18. The directors state in conclusion: “The Charles Haines reputation is a great and proud heritage: we will strive to be worthy of it. This organisation has 38 years of experience behind it—it has self-contained branches in each centre and connections abroad —it has the will and the methods and the money to achieve—it has carefully-picked ability in its service—it is animated by the spirit of youth and progress.’’