MANAWATU CO-OPERATIVE BUILDING SOCIETY.

Manawatu Standard, Volume LI, Issue 182, 4 July 1931, Page 4

MANAWATU CO-OPERATIVE BUILDING SOCIETY.

the report of tee directors to fee submitted to the eight annual meeting of the Msna—atrj Co-operative Buildins Societjy iTerminating; expressed pleasure at the progress made by the society which is shawn by the following figures:—So. 1 • croup, started 1923. shares allotted KdO. total loans £25.66G. total prcfitj £2553. profits 193031 £77 : S'o. 2 groip. started 1924. shares allotted 1000. tots: loans £21.721. total profits £306-5. profits 1930-31 £40?; S'o. 3 group, started 192-5. shares allotted 1000. total loans £17.32-5. total profits £2522. profits 1930-31 £302: 2so. 4 group, started 1926. shares allotted 1000. total loans £13.763. total profits £2242. profits 1930-31 £562: No. 5 group, started 1923. shares allotted 1000. total loans £5019. total profits £1330. proits 1930-31 £515: Xo 6 group, start-id 1930. shares allotted 1000. total Bans £2340. total proits £64. profits 1930-31 £64. Total loans. £?B.*i23; toiil profits. £11.915: profits 1930-31. £1912. The report c-rbiinues: — r; A new agency has recent'f been established for the convenience of "Wellington shareholders, under the supervision of Air C. 0. Bell. tilessrs G. D. Pattle and W. E. Ward [retire by rotation, and again offer themselves for re-elec-tion as directors, j (A member wishing to become a canaidate for the office of = director must be the holder of at least fire shares, and shall give seven days’ notice to the secretary before the date of the annual meeting of his intention to become 'a candidate). Mr I>. W. Priest again offers his services as auditor.”