NEW ZEALAND TIMES COMPANY.
(Pjsr United Pkess Association.)
WELLINGTON, April 17.
The annual meeting of the New Zealand Times Company whs held tins afternoon, Mr Martin Kennedy, managing director, presiding. The report of the directors stated that a small but substantial profit was shown on the year's transactions. Until quite recently the expenses largely exceeded the income, but the directors are now hopeful that the corner luis been turned, and the proprietors may shortly expect a fair return from their capital. The freehold of the new premises had been acquired during the year at a cost of £3000, and a sum slightly in excess of that had beer, spent on new plant. Mr Bannister, general manager, having resigned in order to devote himself to the commercial sido of the company's business, the directors intimated that they hud resolved to appoint,, a new manager. The report and balance" sheet were, unanimously adopted. Messrs .1. A. Plimmer and J. Young were re-elected directors, and Mr William Watson, late president of the Bank of New Zealand, was appointed to the seat on the board vacated by Mr 11. Beauchamp.
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Bibliographic details
Otago Daily Times, Issue 11400, 18 April 1899, Page 5
Word Count
186NEW ZEALAND TIMES COMPANY. Otago Daily Times, Issue 11400, 18 April 1899, Page 5
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