THE AUCKLAND CO-OPERATIVE BUILDING AND INVESTMENT SOCIETY.

New Zealand Herald, Issue XVI, 3 December 1879, Page 5

THE AUCKLAND CO-OPERATIVE BUILDING AND INVESTMENT SOCIETY.

The half-yearly general meetiDg of members of tho Aucklaud, Permanent, Co-operative, Building, and Investment Society, was to have buen held last night at Mr. Batger's office. 93, Queen-street. At the time appointed, the president (Colonel Haultain) and 1G other members, were present, but as the rules required that 20 should be present to form a quorum, no business was transacted. The secretary, Mr. Batger, however, read the audited balance-sheet, of which the following is a precis for the information of the shareholders present:—Receipts : Fees, £31S Is 3d ; fines, £83 7s 5d ; subscriptions on investors' shares, £9167 5s 4d ; repayments on borrowed shares, £10,040 3s 7d; cash refund on account of shares (properties in liquidation), £162 8s Sd; deposits, £11,G35 16s 9.1; interest, £138 9d ; pass books, &c, £13 2s 6d ; cash balance in hand and bank, £6441 19s Id ; overdraft at bank, £6422 8s 7d : total, £44,423 2s 3d. Expenditure : Fees, &c, £152 lis 6d; loanadvances to borrowers, £14,745; deposits repaid with interest, £3283 5s Id; shares paid off and withdrawn, £24,925 2s 8i ; outstanding liabilities paid, £338 15s; office furniture, £1 9s6d. Miscellaneous: Management fees, rent, printing, stationery, &c, £495 14s2d : total, £43.941 17slid; balance cash in hand, £481 4s 4d, making a total of £44,423 2s 3d.—A desultory conversation then took place, after which thoße present separated.