LOAN AND INVESTMENT SOCIETY.
■ The thirty-ninth half-yearly general meeting of the Friends of Labour Loan and Investment Society was held at the Market Hotel last evening, and was fairly well attended. Mr E. H. Couzins presided. The Secretary, Mr J. Otley, read the report and balance-sheet, from which it appeared tha^ the business of the Society during the half-y»ar had been . about the same as usual. The 'capital of the Society was ,£3406 8s sd, and a considerable proportion of this was lying on deposit in the Bank of New Zealand and the Post Office Savings Bank. It was rather difficult at present to invest money on good security. The Society had 175 members, holding 594 shares. During the half-year .£528 had been advanced in small sums to members, bringing up the total amount advanced by the Society to .£56,347. The amount .of profit now on the books was .£235 7s lOd, and the committee recommended that a dividend at the rate of 6 per cent per annum should be declared and added to members' stock. This would amount to .£93, leaving .£142 7s lOd to carry forward. The report and balance-slieet were adopted. The following officers were re-elected : — Mr E. H. Couzins, president ; Mr T. Jacobs, cashier ; and Messrs T. Clark, T. Gapes and J. Huon as committeemen.
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Bibliographic details
Star (Christchurch), Issue 5462, 14 January 1896, Page 1
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219LOAN AND INVESTMENT SOCIETY. Star (Christchurch), Issue 5462, 14 January 1896, Page 1
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