THE ONEHUNGA PERPETUAL LAND BUILDING, AND INVESTMENT SOCIETY.

New Zealand Herald, Volume XXI, Issue 7003, 28 April 1884, Page 1 (Supplement)

THE ONEHUNGA PERPETUAL LAND BUILDING, AND INVESTMENT SOCIETY.

The tenth annual meeting was held in the* company's office, Onehunga, on Thursday, April 24. Present:—Mr. R. O. BarstoV (the President), and about thirty share'' holders. The following report of the direC tors was read :— , At the close of tbe tenth year of the society's opera' Hons, your directors have to report a steady Iz crease of business. There are bow 152 Investors, holding 1445 share*, which hare been credited with Interest as tbe rate of eight per cent, amounting to £1653 4s lid. The reserve fund has been stiil further Increased by £158 2s Id, and now stands at £765 9s 3d. After making provision for these amounts in accordance with the roles, there remains a balance of profit of. £413 0s 9d, oat of which your directors recommend * j bonus of fire per cent, on all shares entitled. There arc now 24C mortgages current, and no claim has yet been made on the reserve fund. The statement of accounts showed » > Receipts.—Fees, £55 la 6d; fines, amount ceived, £24 4s; subscription on Investing shares/ £6117 4s; repayments on mortages, £5928 19s 2d; of loans on shares, £579 ; deposits, debentures issued*' £3900 10s; icdustrial bfanco, £1611 lis 8d; irisur* ance premiums repaid, £8 ; interest on loans, £505 15s3d; books, pass-books sold, £4 Is; sundries,£3 10s 6d : total, £18.73817s id. . Dihbubbemests.—Fees. survey expenses, £15 6d; loans on mortgage, £8612 10s 6d; on investing shares, £566; deposits, debentures paid off, £2744;, interest on debentures, £136 10s Id; industrial. branch, withdrawals, £1009 19a 9d ; interest on paid* up and withdrawn shares, £1827 9s 6d; bonus off ditto, £2SB Is; withdrawals under rule 72, £800 0a 6d J insura «oe, progress payments for re-building, £577148 7d ; premiums advanced, £4 7s ; sundries, £19 5s 6d » charges, Secretary, audit, books, directors, advertisings printing, and current expenses, £332 6s lid; bank overdraft, 28th February, 1883, repaid, £226 balance at credit, £1177 18s Id : total, £18,788 17s 14. The report was adopted, and a bones of Eve per cent, as recommended was agreed %Oj The three retiring directors, Messrs. Bar* stow, Hill, and Brierly were re-elected, op other nominations having been received. Mr« J, "Wayinouth, public aocoantant, and Mr* P. Clark -were re-appointed auditors* Ab increased honorarium was voted to tha directors, and votes of thanks were also passed.—[Own Correspondent, April 25.]