PACIFIC STARR-BOWKETT BUILDING SOCIETY.
The report of the directors for the year evAed August 27, 1909. says the directors aa-e pleased to report a successful year's bueir.'css The aanount advanced on mortjrajr'? has been increased by £3128 10s Bd, amii now stands a-t £8933 10s Bd. DurinK the .year 10 appropriations have been made, fiv.« by free ballot end five by premium ballot. Ac in previous yea re, the society has been fortunate in having first-das.* properties offered by way of si-curities, and the repayments, which are now an appreciable item* of income, are regularly met. The share list has been further inoreaead duvintsj the y.sar by 115; the number of shares current, after dedwti'ntr thcee forfeite'l and cancelled, is 113l>. The amount oT premittm oredited to piofit and lo=6 is kes than in former years. This arises from the fact that a large portion of the loans drawn on premium has been, for the convenience of the shareholders cojicerrued, temporarily deposited in the Post Office Savins^ Bank Merers J. B. Shackloclc ai-.'d J. S. N. Searle are the retiring directors. Mr Shacklcek offeis himself for re- ' election. Owint? to his removal from Dunedin Mr Searlo has intimated that he -will , not e^ek re-ekction. Nominations have aLo hfV2n iwai-.«d from Mr A. H. Cooper and Mr H. M. Henderson. Beth gentlemen are eligible for election. i
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Bibliographic details
Otago Witness, Issue 2902, 27 October 1909, Page 40
Word Count
226
PACIFIC STARR-BOWKETT BUILDING SOCIETY.
Otago Witness, Issue 2902, 27 October 1909, Page 40
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