NO. 4. BUILDING SOCIETY.

Dominion, Volume 1, Issue 90, 9 January 1908, Page 6

NO. 4. BUILDING SOCIETY.

, -ANNUAL KBPORT.. >Tliie annual meeting of the' No. :4, : £6 : 6peratiye Building '.Society of Wellington, .which., wis appointed - to : :-bo; held-last'-night,-- .-lapsed' for want 'of 'a . quorum. The directors '.- report, which was to'have been presented,.-'.ivjis as follows:— ', ■

: "With pleasure.' the• directors/ of-.the, No..- 4 Co-operative Building Society' of present their eleventh annual' report. ; The business of • the society during the year'.under l-eviow was carried on amid circumstances that .were inconvenient, as - the office accommodation, to which the society was driven by the firp • which destroyed-, tho Grey Street, offices in . the previous year,- 'was unsuitable. v Good offices have, however, just been' arranged for, and it, is ,hoped that the.work;of the.society during ; tlie ensuing year will be-rpor'e pleasant and successful. In the . year that ended on Decomber 27, 1907, the subscriptions- received amounted to ~£iS9 -125.,- and, the - redemption monoys' to .ifilss3! 13s. id. " In-, addition'-, to; tliqcredit balance shown .on -tlio profit and; loss account there, is an .amount', of ,interest-, that has accrued/to tlio. society '■!on moneys; temporarily' loiiged in. the : Post Offico Bank. As a. considerable addition must immediately,be made' to',tho office furnituro, and' there is~-.a -small nmqunt of.-.fire' insiiranco 'mbriCT.'. to-.be adjusted with'-the No. 1 Cp:Operative .Buildiiig Society; of ' Wellington, the f furniture; account ■'is 'shown."as .it was' in last;'year,VVstatpnierit.'' The . directors ..are pleased.- to .'import'.-that tho society is"steadily;, fulfilling the;-purpose; for which it: was 'formed!' The directors retiring 'are- Messrs. •J, - Avery- and.A'. .'.lrvine,:.' who, being eligible, offer'themselves for-'re-election. Fifteen meetings- ; 'of : the. Board were'."held -in the year,' twelve- being "ordinary, monthly' meetings and : three'speciai;—H. ; : Edwards,:' Acting Chairman."