WELLINGTON DEPOSIT CO.

Dominion, Volume 13, Issue 187, 4 May 1920, Page 3

WELLINGTON DEPOSIT CO.

ANNUA! MEETING. .The nineteenth annual meeting of the shareholders of-the WclliugtonVe no it In moving the;adoption.. of the renojr and balance-sheet (already published) "ne chairman said that the war had'tho "r----feet of .retarding the'lhisincss oi'thoassoc:aion. but now the rise ,both iniciimits "'/• Investments pointed 'to he prngSsupport of this statement-he quoted tne pneipal items in the balance-sheet and compared them with those of previous years. ; Iluring the year a large nun he--o overoue morlgages had hrori repaid' an consequently the investment of these e? iter' n S ,!fu-'?; 0n^ 6 J"" 1 ,;a " se ' l a '">"' ncs? Tifn I X\< 'n.,tn E ,comnany.'s busili ln e present inflat on n values of made the b., f Jn"ss o a„™fe t v CRt T S 01 T ni 5 S on f of 'IMfulty and ,iT'^f !reC ' t - 01 ' s , l,a , d used caution and.due discretion in deolimrwith applifhU°nf,. or "} a ." Si hEin .' t "live to the fact 'hat tne conditions existing to-dav might not continue ■..■■indefinitely. The greatest care had accordingly been exercised in the selcciion of securities, and in view of tho high pnMR ruling. n,t present very cohsci-:' yative values were'-required'in respect.' to W" advances made. The'report'and-bal-anr-i-Ehecl, were adopted. »n,t w^ir'! 1 -' 'I'^tors,.Messrs.. C.-Smith. and W. flatsnn, wero^re-elect?^'-ahd the retiring auditors (Mc.«rs. J. K. G. Itowlcy elected" Boa " cham ß/lSJfs) wcre.a.lso.rc..