ONEHUNGA PERPETUAL LAND, BUILDING, AND INVESTMENT SOCIETY.

New Zealand Herald, Volume XXXIV, Issue 10418, 16 April 1897, Page 6

ONEHUNGA PERPETUAL LAND, BUILDING, AND INVESTMENT SOCIETY.

The 23rd annual meeting of the above society was held last night, when there was a fair attendance of shareholders present. The chairman (Mr. C. C. Fleming, vice-president) said they all regretted the death of Mr. James Flobb, who had been one of their oldest directors. Commenting on the year's business, Mr. Fleming said the continued dullness in property and building operations would prevent the society from paying the shareholders more than 5 per cent, interest for the year, after adding £200 to the reserve fund. Repayments had been well sustained, the receipts showing an increase on 1896 of £226. The property liquidation account had been reduced by £300, and since the balancesheet had been printed the directors had reduced the idle money belonging to the society from £2224 to about £600. The balance-sheet, at February 28, 1897, was presented as follows .—

Dr.: A mount due paid-up and investing shareholders, £15.603 12s 7d; amount duo on debenture holders, £1285 6s MM; amount due I.D. batik depositors, £136 9s lOd; fees account, amount at rrt-dit for survey, £3 Ci; offices depreciation account, £50; reserve account, £105 16s lOd; properties in liquidation depreciation account, £1U0; total £17,344 lis Id. Cr.: Amount due on mortgages, p.r. including arrears and leans on shares, £1n,54S '2s 7il; offices account, £307 7s Oil; safes and honks account, £36 19< (Id; property liquidation account, £5371 Is 2d; adjustment suspense account, £970 ISi lid; accrued Interest account, £25 3s; fixed deposits, National Bank, £1750; balance in bank and on hand, £274 19s 6(1; total £17,314 12s Id. The balance-sheet was adopted. The following officers were then elected ;— President, Mr. Thomas Ball, J.P. (reelected): directors, Messrs. T. Ball, H. Murdoch, A. Rnbb. H. J. Davies, J. K Kelsall, T. Carnal!, D. Hills, and Geo. lnglis; auditors, Messrs. C. A, Jonas and S. J. Brookfield. Mr. Brookfield moved that the directors receive the usual honorarium of £50. The chairman said that the directors had decided not to accept any honorarium for the ensuing year. The motion wos therefore not pressed. A vote of thanks to the directors for their services terminated the meeting.