SYDENHAM MONEY CLUB.

Lyttelton Times, Volume XCVIII, Issue 11334, 30 July 1897, Page 3

SYDENHAM MONEY CLUB.

The half-yearly meeting of the Sydenham Money Club was held yesterday even- 1 ing at the Wesleyan schoolroom, Sydenham. Mr J. Brown, vice-president, was In the chair, and there was a good attendance of officers and shareholders. Apologies for absence were received from Messrs J. R. Brunt, president, and Mr E. Jones, one of the trustees. The report and balance-sheet showed that the loans granted during the year amounted to 354397 15s 4d, being an increase of .£2015 Os lid over those for the previous year, and that since the formation of the club .£58,337 18s had been lent. The total cash receipts for the half-year were .£5787 8a sd, and the interest on the £512,058 13s, out amounted to £5537 15s 7d. Expenses for the six months amounted toJHSOrlfis 6d, and the profits for the half-year were represented by £5576 18s Id. The report recommended a dividend of IQd in the £, or nearly 8} per cent per.annum, to be added to each complete lOs standing to members’ credit on Juno 30; also, that £533 should be added to. the reserve account and £550 to the suspense account. A most favourable report from the auditors was also read. The report and balancesheet wore unanimously, .adopted, on the motion of Mr J. Brown, seconded by Mr C. Cooper, and several members, in speaking -to. the motion, congratulated the Society on its success, increase of business and dividend.' After disposing of routine business the meeting terminated, •