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FRIENDLY SOCIETIES.

The Chief Registrar of Friendly Societies in Britain in his report for 1905, states that the membership of the societies furnishing particulars had increased by 644,000 during the year 1904, while the accumulated funds had increased by nearly £7,000,000. Railway, Trustee, and Post Office Savings Banks also showed an increase of upwards of 250,000 depositors, while the balance of funds on deposit had increased by £3,750,000. In the aggregate the 50,000 institutions in respect of which the Chief Registrar's office exercises statutory functions show a total membership of close upon 30,000,000 accumulated funds amounting to £402,250,000—an increase since 3 897 of 6,750,000 members and of £96,000,000 of funds, or, mak-

ing allowance for probable duplication. an average sum ox approximately £ls for eacix person availing himself of the means of encouraging, thrift represented by the institutions in question.

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Permanent link to this item

https://paperspast.natlib.govt.nz/newspapers/SOCR19070209.2.27.4

Bibliographic details

FRIENDLY SOCIETIES., Southern Cross, Volume 14, Issue 50, 9 February 1907

Word Count
140

FRIENDLY SOCIETIES. Southern Cross, Volume 14, Issue 50, 9 February 1907

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