IT’S EASY TO PAY.

Manawatu Standard, Volume XLVI, Issue 164, 12 June 1926, Page 9

IT’S EASY TO PAY.

A shilling per week for each share and obtain a free of interest loan from £IOO to £IOOO by the Starr-Bowkett way to buy or build a home. of your own. The principles adopted by the Palmerston North Co-operative Building Society (Starr-Bowkett) are truly co-operative. The society consists of a number of persons banded together to subscribe to a common fund for mutual benefit. They pay Is per share per tveek and ballots are held to decide who shall have the use of the money. When a member becomes entitled to a free loan he may either buy land and erect a house, or buy a house already built, or pay off his existing mortgage. On a loan of £6OO so obtained a member saves at least £345 in interest. If he has 10 shares and obtains £IOOO free of interest he is £690 better off at the end of the loan period, which he would have paid in interest, and ho has, in addition, £3OO to his credit as subscriptions which will be roturned to him in hard cash in a lump sum. Two groups in the society have successfully terminated. Six groups are in existence, and the ninth group of 1000 bhares is being formed by tho society that has over 27 years’ experience' and is controlled by a board of directors of reliable business men. Apply for shares and full particulars at the society’s offices, 15 Rnngitikei street (only address).—W, Hunter, secretary. Advi,