LOAN AND INVESTMENT SOCIETY.
—__, — The fiftieth half-yearly meeting of the Friends of Labour Jjoan au<l Investment .Soejiety, held on Memday night, was presideel over by Mr T. Gapes-;. The report and bal-ance-sheet showed that during tiie past halfyear the business liad been fairly satisfactory. The Society now numbei-s 178 members holding 620 shares. During the halfyear £921 lia,d been advanced in small loan?; to members, bringing up the total amemnt advanced by the Society tr> £64,782. The amount of profit now on the. books is £206, and the. committee ree*ommended that a dividend at the rate of 6 per cent, per annum should be declared and added to members' stock. This would absorb £97. leaving £109 to carry forward. Tlk? report and baliine*sheet were adopted. The election of oftteers resulted as follows:-—Chairman, Mr T. Capes : e-ashier, Mr T. Jacobs: ce>mmitfcee. Messrs P. M- Brown. It. IL Tucker and W. Dalsou; auditors. Messrs ('lark and Tucker.
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Bibliographic details
Press, Volume LVIII, Issue 11025, 24 July 1901, Page 2
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155LOAN AND INVESTMENT SOCIETY. Press, Volume LVIII, Issue 11025, 24 July 1901, Page 2
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