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The thirty-ftfth annual meeting of the Onehunga Perpetual Land, Bulldtajr and Investment Society was held last night, Mr. A. Bobb, vice-president, occnpllng the chair. The report stated the bnslnes fsor the year ending Feb. 28, 1909, had been exceptionally good, the amount lent being the highest In the history of the Society. Tie demand for loans was still maintained. Interest at the rate of 6 per cent had been, credited to shareholders' accounts, and a bonus of one pet cent had been authorised. The cash. statements for, the year showed that the amount received In subscriptions ana Investing etiaTes was £4401 4/4, repayments on loans, mortgage and shores £7559 13/5 ; loans on mortgage totalled £12,120 1/5, and loans on shares £322, shares withdrawn represented £572 1/, interest paid £895 3/7. The balance sheet at February 28, 1909, was as follows: Amount due paid up and investing shareholders, £19,433 10/4; amount due Oebentureholders, £3160 6/10; ditto 1.D.8. depositors, £1817 1/5; reserve account, £1352 2/1; fees a/c amt. cr. for eurvey, £20 17/1; office depreciation account, £182 5/; accrued Interest aconnt, £73 9/7; total, £26,0« 12/4. By amount due on mortgages P.V., including arrears and loans on shares, £24,824 3AO; office account, £884 12/6; safes and books account, £1S 0/6: property account. £799 IS/C; balance in bank and on hand 2S/2/09, £17 17/; total, £26.044 12/4.

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Bibliographic details

ONEHUNGA BUILDING SOCIETY., Auckland Star, Volume XL, Issue 80, 3 April 1909

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ONEHUNGA BUILDING SOCIETY. Auckland Star, Volume XL, Issue 80, 3 April 1909

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