MUTUAL BENEFIT BUILDING SOCIETY.
♦- ~ The annual meeting of shareholders of the Mutual Benefit Building Society wee held yesterday. Mr W. H. Hargreaves presided. . The directors, in their annual report, recommended the payment of a dividend of 7 per cent. After providing for the dividend, the profit and lose account ehowed a credit balance of £934 4s Bd, and the directors recommended that out of that balanco £500 should bo placed to -fche reeerve fund; making it £5000, ana that the remaining £434 4s 8d should be carried forward. The financial statement showed that the receints for the year had totalled £92,479 12s -lid, which included £60,265 0$ lid ■ deposit* received, £24,302 14s 8d redemption, £6816 12e 5d interest received, and £971 15s Biib■seriptions on investment shares. The disbursement* (amounted , to £92,009 lls 2d, which included £13,474 18s loans on mortgage and investment Gharee, £71,524 Is deposits repaid, and £5736 16s 10d interest account, leaving a credit balance of £470 Is 9d. The report and the balance-sheet were adopted. Messrs 8. Manning arid M. Murphy were re-elected directors, and Mr W. M. Ollivier'.-was re-elected shareholders' auditor. Votes of thanks were accorded the chairman, the directors, and the staff.
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Press, Volume LXV, Issue 13563, 26 October 1909, Page 8
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197MUTUAL BENEFIT BUILDING SOCIETY. Press, Volume LXV, Issue 13563, 26 October 1909, Page 8
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