NEW BUILDING SOCIETY.

Southland Times, Issue 14578, 19 November 1910, Page 5

NEW BUILDING SOCIETY.

INITIASi STEPS TAiCBJT. Another stop in the progress of Invercargill was marked yesterday evening when a number ot prominent business men met together for the purpose of forming a new St-irr - Bowkett Building Society. The chair was occupied by Mr VV. A. OU. the others present being Messrs C. J. Broad Win. Timpany. R. W. Riddell, A. B. HaggiU, .las. Johnston, J. L. McG. Watson.’ Colin McDonald. G. F. Watson. C. .1. Brodrick, T. Watson, and F. C. Liggins. An apology was received from Mr P. L. Gilkison. The Chairman, in explaining •/'o objects of the meeting, referred to the rapid extenr ion of the town taking place at the present time, and the steady demand for greater .‘acuities -for the building of dwellings of convenient sixes. He rercenised that, while for many year-, the two building societies at present In existence had been suiiii-ient for the town, Ihe demands of thr inc ran rung population showed rhai (lie tine- v, as now opportune for the formal ion of allot! ter Sort et y. The Starr - Bowkett system, lie maintained, was a mutual help and aimed at assisting those who-e • it 4 h i earnings did not a'low thorn sufficient money to secure a homo for themselves. Several of those present spoke as to the advisability of a now society being formed, after which it was decided that those pre.cnl form t iunnsel ves into a sorb'd y to be called the Southland .Mutual Starr - Bowkett Society. The following provisional directors were fleeted; Messrs W. A. Oil, Wm. Timpany, R. W. Riddell, .las. Johnston, C. J. Broad. O, c. Watson, P. L. Gilkison. Odin .McDonald and C. J. Brodrick; secretary, Mr F. C. Liggins; solicitors, Messrs Watson and Haggilt; .and bankers, the Paul; of New Zealand. A special committee was appointed to draw up the rules of the society to lie submitted for app'-uval. Votes of thanks were accorded to the ('liairi)iau and Secretary for their efforts on behalf of the new society.