LOAN & INVESTMENT COMPANY
The annual report of the Wellington Trust, Loan, and Investment Company, to be presented to 'the shareholders' meeting 'on February Ist, shows that the sum to the credit of profit and loss, .£11,359 7s Od, together with .£1466 2s lid brought forward from the previous year, amounts to .£12,835 10s Bd, from which .£4050 has already been paid as an interim dividend. * The directors recommend that JE3OOO be added to the reserve fund, making it .£49,000, and that a further dividend of .£4050 should be paid, making 8 per cent, for the year, and'that £1735 10s 8d bo carried forward. The vacancy- in the appointment of managing director has been filled by appointing chairman. The retiring di rectors by rotation are the Hon. Sirj James Prendergast and Mr John Alfred Plimmer, who, being eligible, offer themselves for re-election. The auditors, Messrs C. P. Powles and . Etnest W. Hunt, offer themselves for re-election.
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Bibliographic details
New Zealand Times, Volume XXXIII, Issue 7336, 14 January 1911, Page 10
Word Count
155LOAN & INVESTMENT COMPANY New Zealand Times, Volume XXXIII, Issue 7336, 14 January 1911, Page 10
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