PRUDENTIAL BUILDING
5 p.c. Rise In Profit The profit of the Prudential Building and Investment Society of Canterbury in the year ended December 31, 1962. totalled £7245, an increase of £324 or 4.7. per cent, on the previous year’s figure. The 7 per cent, dividend takes £5641 (up £923) and the bonus to repaying members £l7O (up £9) and £1434 is added to the general reserve. The general reserve now stands ait £26,736 and paid capital at £81.230 (up £1900). 'Deposits plus accrued interest are £22.850 higher at .£228.360 Loans on mortgage are £26.381 higher at £322,326 an increase of 66 per cent. in four years. Other investments show little change and loaite and investments are £26.203 higher at £324,877. Fixed assets are unchanged ait £8689 and current assets are £175 higher ait £2943. offset by sundry creditors of £l9B (nil last year).
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Bibliographic details
Press, Volume CII, Issue 30143, 29 May 1963, Page 20
Word Count
143PRUDENTIAL BUILDING Press, Volume CII, Issue 30143, 29 May 1963, Page 20
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