INVESTMENT SOCIETY.

Auckland Star, Volume LXIX, Issue 225, 23 September 1938, Page 4

INVESTMENT SOCIETY.

SOUTHERN CROSS YEAR. INCREASE IN DEPOSITS. A net profit of £966. against £927 in tie previous year, is shown in the accounts Ruri 1 n i hern Cross Investment and Rural Development Society for the rear that' V/™ i 3O " I?, 6 di !'T ctors «"ecommend that £1000 should be added to the reserve tuna, -which will be increased to £4000. he re P ( ' r t states that the savings bank department showed a considerable increase vl r r> eaT and tlle directors had purrpflli W Oovernment bonds and easilvrealisable shares to the value of £3291 for contingencies. This contingent- fund had t0 ° Ver £10,00i[) since the The retiring directors are Professor H W Segar and Mr. W. J* Anderson. Mr Anderson is not seekiiW re -election. Share capital is £2225 lower at £64.938 K i'ci'l t ? th « b ank has been reduced %***«> to „£ 811 - while that to the i'fn ° ffice ™ onl - v £1049 higher De P° slts total £74,707, against £06,91, a year ago, and C investment shares £13,400. against £9662. Assets are £11,627 higher at £189.929, including loans on mortgage £119 159 £12 282. nd buildings £48 ' 138 ' and cash