THAMES BUILDING SOCIETY.

New Zealand Herald, Volume XXX, Issue 9286, 23 August 1893, Page 5

THAMES BUILDING SOCIETY.

[BY TIfLEQHAPU.— OW.v CORRESPONDENT. J Thamks, Tuesday. The twsnty-second annual meeting of the Thames Land, Building, and Investment Society (Permanent) was held this evening. There vasa fair attendance of shareholders, and Mr. Jas. Kenshaw presided. The committee in their report expressed pleasure in being nfcle to show a slight increase in the busmen* done during the year. The amount advanced upon mortgage was rather in excess of the sum advanced during the previcss year, and this, combined with the means taken to reduce the .amount So shareholders credit, had resulted ;n a» increase of profits to be divided. A few additional investing shareholders have been added, and a sunn of £340 Is Id had been written off for bad debts, to meet which a sum of £1400 had beet taken from the reserve fund. £25 had alsobeen written off for depreciation of the Society's) office premises. Tho profit and loss account showed that £575 14a 8d has been accredited to the shareholders'account du ing the year, and £107 7s 8d is proposed lobe paid as a bonus, making a total of 7.J per cent, on the year's transactions. Tie balance-sheet showed that £3225 15s lud been advanced on mortgage, and i'2'Aiti 19s- lid had been withdrawn. The report and balance-sheet were adopted, md Messrs. l'oulgrain, Walton, and Hammond were elected members of the committee for the ensuing year. The two former being re-elected.