TRUST AND LOAN CO.

Dominion, Volume 13, Issue 110, 3 February 1920, Page 10

TRUST AND LOAN CO.

annual MEETING. r Tho annual meeting of the AVeninston I Trust, T.ortii mid Investment Co., Ltd., J was bold last night. Mr. J. A. Ihi - J mer (ehairinan of directors) presulw. '] here was a bare quorum ot sharchok - ! 1 ers present. Indeed, it was only with i dillieuitv, and ;iftor consiileraljlc del.ij, j that"a quorum could be a.sseiiiWfil. <|i The chairman moved tho adoption of tho annual irenort and lja..anc|vsh.eet. t I[ "Tn muvini? the adoption of the com- 1 i jinny's forty-seventh anr.mil report and < balance-sheet, being for; the yenr ndal . December 31, 1919, it is vloasmg to bo able to eoimmtulate the .shareholders on I the satisfactory result ot the past yeai » , workiim Tt will bo seen from the figures submitted that the directors ( bavo been enabled to recommend the • same dividend as- the previous year ond J also tr. add ,CICOO to the fund . lietHithstandins the heavy income. J on the profits, which falls lmliscrimmately on huce and small h-bareboldus J r,!ik« to the extent of W por cent, .bo improvement in earnings lias been la , - Iv fine to pxpnnsion m iho nmoiuit ] S tho funds handled by the company . moneys -entrusted to the carp of the directors, comprising fihare-eapital, . reserves, deposits and investments, are • pli invested in goo<], solio. found securi- ■ ties. Willi a due rcrard to the , of the company. Punctual payment of inleresl. on moid.Mgcs lias been veil maintained throughout the yea • M ; , ther .tlfl.OOd has been contributed to 111war loan, the total sum now Mivested < therein amimnling to J .' lo l ,ros " ; pects apneared lioneful for the llicnmiii, . year iud'ni'g bv the business already offe?ed. ft fa witli great regret that the : board has hoard of the ( ( tlinir Into pMIfaKUC. , . lipid. The fullest sympathy of tlie .share- , holders present is oxtemW to his | widow and members of his fjinnlj ._ I rin"- Hir ve;ir ilio Mr. Keni }0-m o 1U(1 , from the bonnl. His resignation wa received with groat regret, am a fill appreciation of his ton years' useful services as a director Ihe v»eancy , filled bv appointing A\. H. Millwaid, n gentleman of wide business experem.o. : and well known to many shareholders. ; ; V moved; "That the report ond" balance-sheet as printed and in tlm ; hands of tlie shareholders be adopted, and flu.t the frlividn-d riwnmi-ndei therein be and is hereby declared and p i,n.]l 1k» m and after lwosd.iv. Fnhrwnry 3, 1020." ' Arr 0. S. "Wntbnfi tlie molion. ile ' apologised for the absenco of T)r. Newmmi and Mr. .Tames ; directors of the eomnany, both of them : too unwell to attend. T , l\fr ,T. A. 1 limmer and Dr. C. 1. Kuiuiit retiring directors, wen 3 rc-elnct-rJ,sS. Howies' and E. AY. Hunt were re-elected auditors.