THE WELLINGTON PUBLISHINQ CO., LTD.

Dominion, Volume 3, Issue 692, 17 December 1909, Page 8

THE WELLINGTON PUBLISHINQ CO., LTD.

ANNUAL MEETING. Tho annual /meeting of shareholders of tho Wellington-Publishing-Company, Limited, was held at tho; company's office at noon yesterday. .The-Hon. C. J; Johnston, chairman of directors, presided... Tho chairman, in moving the adoption, of the bliloncc-sheet, reviewed the work.of the past year in detail. The profit .and loss, account, .ho • pointed ont, showed in ■ comparison with ;the previous year a material-saving in the gross expenditure, while' tho revenuo had increased by several thousand: pounds.' From the, measure of progress indicated, the directors . .did not anticipate that' it would be necessary to call up much, if any, more of the company's capital. That' this crucial period •of . tho • company's existence; should have been passed in face of a considerable trade depression, Without material oheok of any kind, must be : taken ! as a gratifying tribute: to tho hold which The Dominion had secured on the reading-public'as well as to the appeal which its large and growing circnlation made to. the business community, who increasingly recognised, the value of its columns as an advertising medium. ' The'directors ' encouraged • by the splendid : response already met with, had endeavoured to maintain the, high • standard .sef'hy the paper' at its inception, and to Mvin ' from the community an even wider recognition of its merits, not-Merely'as an enterprising: purveyor of news, but as .an .institution 1 that'Aleserved general :sympathy and support for'its buts.P° f f?. champ lons },ip of ae ptlWi Attention .*ad been directed, with good suits, to ■ bnngmg , the value of ■- the paner owing,to ite f .large.ciroulation, under the-noUcel Wh ° r^H » red , to.secure that wide publicity necessary to the successful conduct of their ynnpus business undertakings. rtcss 11, this direction had been very-marked MWri? ft w^ ,d , not advise .any of efiort ■ the directors-were well satisfied tha for a two-yearrold the performance was remarkably good,: and the splendid strideTniade by Tra Dominion had been such as "even ?he most sanguine.-of its friends hardly expected and its opponents deemed impossible: The' toeotors ; to express- their apprecia. S, eva l ■'*?**£. ttan ■»»» disclosed by;thf The progress mado-by the paner I?Cep^°n c was . r « all r' unprecedented in any community of a similar size.^He-would if 6 t,«° n on !PJ lasl^t.^ .solidity '-and soundness by the fact: that despite the, strenuous efforts oi-theu- rivals,. The fioimnoN had maintained its,steady progress,. Thiswas an aspect of ithe *^9 h 'F'#- b*.W•gratifying! to d 0I ?f ™ wWch they should conSpeaking from 'his '«?gthy.. business .experience, he had tahon .in-,saying .that the very,:solid busS which.they ■ in MtablishinS a/most ,-satisfactor.v/.'set-off ,to. the cost infJ'Si- ' — ->|««ll«nwwd ,-irith confidence h nl ?tT, y r\ a,ead ' 'Tte-Prospects were bett« & l d V' a PP ßared a'- any previous' stage ml 0 "•? P d member of the board H.T ' 1 . b . a, a. n ?e-6h«!t was adopted ■ without' fur'tner'discussion.;,.!' > . ~ ... nf M I- %,?•. 'Kniskt.. in moving ,tho re-election of the retiring directors, spoke in highly complimentary , terms of : tho excellent resX , Tho motion was, earned-unanimously. ,' opposed - tor 3 Werß ls o re-elected unSSna- d:maaaße ™'^