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The third Annual Meeting of ONE Incorporated was held on the morning of January 29, 1955 at 232 South Hill Street, Los Angeles. In attendance were Corporation members from a number of cities and the staff of ONE Magazine.

The Secretary's report stated that fifteen Corporate meetings had been held during 1954 and that the Board of Directors had met on an average of four times per week throughout the year, a total of more than 200 meetings. The Treasurer's report showed that income from all operations was more than double that received during 1953; that the financial condition of the Corporation was healthy, though in need of much expansion if additional activities were to be undertaken and salaries paid to staff members; that complete accounting records and procedures had been established and were all in good order, with balances correct; that financial records for the earliest months of operation had now been completed. A vote of thanks for her accurate and faithful work was extended to ONE's bookkeeeper.

The Circulation Manager, David L. Freeman, gave a detailed analysis showing a circulation increase of more than 100% during the year. Mailings have gone to nearly every corner of North America and Europe as well as to such places as Greenland, Nairobi, Venezuela, Ceylon and New Zealand. Plans were announced for an extensive program of circulation promotion during 1955.

The Managing Editor, Ann Carll Reid, cited the 1954 issues of ONE Magazine as being the most effective report that could be offered regarding the work of the Editorial Board. She also exhibited attractively bound copies of Volume I, for the year 1953, stating that orders were coming in for copies of Volume II.

Election of a Corporation member, and of a Director was followed by the election of officers to serve during 1955. Recommendations were made concerning the various classes of non-voting membership to be extended during the year. Full details of the plan adopted will be found on another page of this issue.

After brief remarks from the floor the meeting adjourned shortly after noon.

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