BUILDING SOCIETY'S YEAR
. The directors- of the Permanent Building, arid Investment Society, Wellington, in presenting tKe thirtieth annual, report and balancesheet of the society, recommend that the usual distribution of profits at -the- rate of 7 par cent, per annum be made,, to-got-her with a bonus of 1 per cent, and that a further stun of £IGOO be added to the IlesM-vo Fund, which will then stand at £16,000. The profits for ths year (including a balance of £962 13s 7d brought forward from last year) amount to £7090 ,14s 6d, less expense account, £381 14s Sd, leaving a net profit ' of £6209 0s Id—less interim dividend for six months eliding 15th August, 1920, £1060, leaving a balance ,of £5159, 0s Id. This it is proposed to appropriate as follows :—To credit holders "B" investment shares at 7 per cent, for,twelve months ending 15th February,, 1921, £1441 11s Bd, and 1 pea- cent, bonus, £215_ 12s Id, £1657 3s 9d; to payment of divid&rid at 3i per cent, for six months enddng 15th February, 1921, to holder of "A" ! shares, £1050, and 1 per cent, bonus thereon £300, £1350; To Reserve Fund, £1000; to carry forward to next year, £1151 16s 4d. The dividend on "A" shares will ho payable on 15th March.
The Hon. J. G. ■W. Aitken and Mr. G.'"R. N. Wright, retiring directors, offer themselves for re-election.
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https://paperspast.natlib.govt.nz/newspapers/EP19210225.2.146
Bibliographic details
Evening Post, Volume CI, Issue 48, 25 February 1921, Page 10
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230BUILDING SOCIETY'S YEAR Evening Post, Volume CI, Issue 48, 25 February 1921, Page 10
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