NORTHERN BUILDING AND LOAN SOCIETY.

Press, Volume XL, Issue 5755, 28 February 1884, Page 3

NORTHERN BUILDING AND LOAN SOCIETY.

Mx*K of Directors, pre^ *$ c minutes of last *%**"%** a the appointment of Messrs H. A. *Jrt ttdK.Blackwefl as shareholders' WSEKwSt" prated .- T ? e jS£| shareholders the *? the Directors express l& a i»adS£ A result of the the Soriefr for the yearend«f3£ember 31st, 1883, taking into cons' StiJ&aitbat there is already an AssociaKfSukindred nature in the town.. The *2flte after deducting the preliminary their expectations, and the augurs agood future.. The tSffintshaxes taken in the first issue JETgOS. During the year advances **L& to MI7S were agreed to, of SKfseount J8165-2 12s is not yet paid. TrSllbe seen.eums amounting to £i2aO *£teen received on deposit. Every care SFteaa exercised in obtaining proper ■SSjfiflß for the loans made. The balance st*ST(which exceeds the amount per 4s*2k>wed by the rules) to carry forward •ffijjse 7"d, clear of all expenses conSS with starting the Society. Our %£&r report the books carefully and fSJaically kept upon a clear system of fSmtHW, and have certified to the corffiSof the accounts. The Directors 3Sfflf»reMessrs Wm.Fraser and B. M. SKXL who have been nominated in ac*£nce with the rules, and are eligible was as follows .— Seestt*. I**. 31st, 1883 —To subecripto working expenses fees, SflVrtorateeold, Je27s: to redemption fS»&f»principal repaid), ISsSd; ! I?jS£«t, £103 9s Id; to survey.fees, ' 1m fcfdTto deposits, £1280; to payments JZ*anee,£®22&*i by deposits repaid, j ■gmSies withdrawn. £3 12s 6d; by *K ffi, ** fe ■ by. certificate of in- \ b y printing and adverfaebyVules, £3 15s 6dj by !!&•? fee refonded, 10s 6d ; by interest, Beßd. - iffiMiveßtment shares (306, Ist deposits, £1*10; "iterest jS^rf m W»> la 5 bank overdraft, on ditto, £6; pay- ! Swnce, JB3 4s; survey fees, £13 Su Jmiln■ aebts due, £12 8s; balance £&» 12s 7d ; total, J ssJt2«Bi; ai 8s; om eadf beghmipg o* other Societies. SeDi«etoMi» tt&tev( ' niD S voted J 220 fir (be iteereter/s expenses and had deetfedto lesre in the Society about £12 < jioieorreyfeee to be added to the pro- ; to, sad is that case the reeult showed a ' eafitof abonfcten percent., which was a Mod r*te considering that in the first jm tte outgoing for preliminary exneau aad been charged in full in the Soooonte. Farther, none of the money itdbeen ready for investment till March, ttdtfie balk of the loans had not gone oat till sfter October. Mr 3. Butt seconded the motion for adopting the statement. - U rqdy to Mr Bobins, the Chaibmah srid the Directors appointed one and the two auditors. It was thought AJnnble that one of the Directors should setts the auditor appointed by the Board. fsa Directors have received no fees, and hi, by resolution, decided to transfer the lerey fees to the profita of the Society. Mr &. Moeßß explained that the Directn were anxious to see the Society fairly abolished, and had agreed to give their fee during the first year without expectjK any fees. •I!he report and balance-sheet were unani- > eoaaly adopted. ifeursW. Praser and B. M. Wright were nwtected Directors. Hr Bobihs pointed out that roles had sob been circulated, so that shareholders «eoIA Dominate candidates, m ThaCmiOJUN said the rules were to be «btßned**£be office since March, and the efeeSoo bad been duly advertised on JamarjZUL A wemmoos vnte of thanks was passed -to the JHreefora and also to the Manager, vßch was acknowledged by Messrs Parnlata*ad Wileon respectively. The meeting then adjourned: