MUTUAL BUILDING SOCIETY.

Press, Volume L, Issue 15111, 29 October 1914, Page 10

MUTUAL BUILDING SOCIETY.

ANNUAL MEETDCG

! Tiio annual meeting of the Mutual Benefit JJnilding and Investment Soriety of Canterbury (I'ermauent) was hold yesterday afternoon. S.Man2iin£ presided. The report stated that after providing for a paj'ment of a dividend of 7 per cent., the profit and loss account showed a credit balance of .1M97 -Is IM, from which the directors had placed - " JC'IO'J to the reserve li.nd, wliich now stood at £7000. Tho balance of X~2V)7 •Is M was carried forward. Capital paid in "A* shans and interest thereon amounted to £'-51,750: "investmentof '*B" shares and interest thereon f;279l 3s od. <leposits £31.536 Us 3d, interest thereon £003 is Bd. The ."iociety's assets wero stated to be £95*642 0s lOd. being account on mortgage and investment shares. In moving the adoption of the report and baiauce-eheet, tho chairman said the war had very seriously affected tho Society's deposits. However, things wero going along again very satisfactorily—as satisfactorily as could be wished —and the directors had no ansietv over tho busi*£6e whatever. The" report aud balance-efcecc wero adopted, and the retiring directors, Messrs W. H. Hargreaves and Henry Wood wore re-elected. Mr W. M. Ollivier was appointed shareholders auditor for the ensuing year.