WELLINGTON INVESTMENT COMPANY

New Zealand Times, Volume XXXIII, Issue 7865, 29 July 1911, Page 6

WELLINGTON INVESTMENT COMPANY

ANNUAL MEETING. The annual meeting of shareholders of the Wellington Investment, Trustee and Agency Company, Limited, was held last evening, the chairman of directors (Mr J. li. Blair) presiding. The chairman, in moving the adoption, of the report and balance-sheet (already published), stated that the post year nrght ho regarded as a satisfactory one. The balance-sheet showed no appreciable alteration in the figures as compared with .the pfovlous year. Ho did not wish to imply by that that business had not been offering. Plenty of business had offered, bin it was not of a class which the directors wished. The business had gone on In the same humdrum way. Speculation was almost dead. Speculation was the force that controlled the activities of practically every community, and when there was no speculation, business was naturally quiet. There was. no reason, however, why they

should not look forward to as prosperous a year next year as any they had had in the past. Though they had had a time of depression, the company had paid & dividend every year. The original share* holders wore now reaping the benefit of the division of shares which took place a few years ago. The capital. of the company would bo conserved, and might be added to. The report and balance-sheet were adopted. Messrs E. M. Simpson and J. M. Eichardsbn, the retiring directors, were 4*e-olected. Mctasra E. Bucholz and J. H. G- Rowley were re-elected auditors. r - A dividend,of 3 per cent, (making 6 ! pci cent lor the year) was declared.