BUILDING SOCIETY

Te Aroha News, Volume XLI, Issue 6597, 9 May 1925, Page 5

BUILDING SOCIETY

BALLOT FOR £SOO ' The Te Aroha Building Society hffld a ballot for £SOO in Group 1 on Thursday evening last, Miss Rhoda Johnson being successful, taking up £2OO of the £SOO. When the result was made known the chairman, Mr E. A. Bruce, jocularly remarked that it might be advisable for members to change their names to Johnson as this was the fourth draw that had gone to the family. As only £2OO was drawn another ballot will probably ' take place in about a month. During the past fortnight great activity was manifest and the sum received in that time was a record in the histor yof the Society. At the time of the ballot practically every member was financial.

Much interest is being taken in Group 2, and if all promises are fulfilled promptly this group will be launched at the end of the present month.

It may be mentioned in connection with Group 1 that about £SOOO has been invested for the benefit of shareholders, and considering that this group has only been in existence for about three years it may justifiably be said tjiat this Society ranks as one of the best Conducted financial institutions in the town. The fact that a shareholder can obtain anything from £IOO to £IOOO free of interest should act as a strong incentive to those desiring to make provisions for a home. The directors are to be complimented upon the very business-like way in which the Society’s affairs are conducted,^