In these days of bank suspensions and o ill-draining mining companion' (says the Now Zealand Post and Telegraph Guzottc) it is quite refreshing to hear of the healthy financial condition of tho Dunedin Tole-g.-aphists' Provident Association, as disclosed at tho annual mooting. From a perusal of the u'mnal report and balance-sheet presented by tbeoxoontive, we find the amount of funds turned over in tho course of the year to total no less a sum than .£2615, though tho ac ual sum used was .£538. Tho capital con^stcd oJ J6150, tho rest being mndo up of doposits from tho shareholders themselves. Tho oxponges for tho yenr would seom utterly impossiblo to managing direptors •of colonial mining companies, to say nothing of othor institutions, bnfc they aro realities nevertheless, and amount to 8s lid, plus .£12 13s 8d interest paid to depositors. What the shareholders thought of thoso favourable rosults can bo best shown by a copy of one of the resolutions passed at the meeting, which read a* follows: — "That a dividend of 36 per cent, bo declared." One of those rare bargains that are bo fow and far between has, been socurod in Dunedin by C. Smith, tho cash draper and clothier, Cuba-street, and has jnst been opened up, consjstiu^ of 10,000 yards of all-wool dross ' materials, in all the new shades 'po'*ronob"iri iogne. These lovoly good? will bo sold at the absurd prioo of 10s Hit tho dross, to effoqfc a speedy clearance. — Advt, ""' - , "
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Bibliographic details
Evening Post, Volume XLII, Issue 128, 26 November 1891, Page 3
Word Count
245Page 3 Advertisements Column 1 Evening Post, Volume XLII, Issue 128, 26 November 1891, Page 3
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