CHRISTCHURCH BLDG. SOC.
Profit, Assets Increase
Net profit of the Christchurch Building and Land Society (Permanent) nose by £793 to £9059 for the year ended September 30. Among the assets of the society, loan balances rose by £9756 to a record £317.648.
To commemorate the society’s ninetieth year, a bonus dividend of 3j per cent has been recommended. The steady 10 per cent dividend on A shares raises the dividend for the year to 13J per cent, requiring £2205 more at £8505. Carry-forward is raised by £548 to £2657. Paid capital in £1 shares is steady ait £63,000, and the general reserve fund at £70,000. The £5OO reserve for repairs and maintenance has been applied towards the cost of renovating the scoiety’s buildings. Bank and post office deposits are £687 Lower at £14,500 Advances and investments, including loans on mortgages, have risen £20,079 to £343556. Deposits with the society, accrued interest and provision for interest rebates has risen £14,199 to £204£32.
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https://paperspast.natlib.govt.nz/newspapers/CHP19631023.2.202.7
Bibliographic details
Press, Volume CII, Issue 30269, 23 October 1963, Page 22
Word Count
161CHRISTCHURCH BLDG. SOC. Press, Volume CII, Issue 30269, 23 October 1963, Page 22
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