INVESTMENT SOCIETY
I The accounts of the Southern cross Investment and Rural Development Society show a net profit of £528, compared with £ 659 last year. The report says while it has not been possible to make any improvement in profit much has been accomplished in dealing with some unsatisfactory mortgages. Advances, while at a lower rate of inoerest, carried a larger margin of security. Assets had been strengthened by the purchase of Government securities valued at £9839. Deposits total £74,771. against £74,426. Loans on mortgage are £115.720, against £117,126. Cash held is £5467, against £9892.
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Bibliographic details
Auckland Star, Volume LXXIV, Issue 198, 21 August 1943, Page 3
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95INVESTMENT SOCIETY Auckland Star, Volume LXXIV, Issue 198, 21 August 1943, Page 3
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