UNITED BUILDING
The fall in the purchasing power of money presented difficulties in the valuationof securities. said Mr. W. N. Leatham. chairman of directors of the United Permanent Building and Investment Society of Auckland. Ltd , at the annual meeting on Monday. With the prospect of a considerable increase in population and a sustained demand for homes, members would bo pleased with the sound position of the society. The small Increase in revenue had been offset by rising costs, while an addition to the reserve fund gave further stability to the society. said Mr. Leatham. Of the net surplus of £SO62. which represented a return of about 4 per cent., the reserve fund contributed approximately one-quarter.
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Wanganui Chronicle, 9 November 1950, Page 2
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115UNITED BUILDING Wanganui Chronicle, 9 November 1950, Page 2
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