D.—No. 45.

APPENDIX C. SUMMARY OF PAETICULAES OF TEEMINABLE SOCIETIES.

jf.XJ.—The rate per cent, charged to borrowers, shown above, is calculated on the assumption that borrowers get the full value of their shares, with one exception of No. 12, in which a difference is made by the Rules. Where the auction system prevails, the rates of interest are considerably increased.

APPENDIX D. PDEPOSES TO WHICH LEGISLATION HAS BEEN DIRECTED. By Ordinance of legislative Council. To define nature of Societies. To provide for registration. To enable Societies to receive subscriptions and make advances. To enable Societies to makes rules and impose fines. To enable Societies to prescribe forms of mortgages, &c. To make rules binding on members. To enable Societies to appoint officers and committee of management. To restrict investments to real or Government securities. To give remedies against defaulters. To provide for settlement of disputes. To secure annual statement of accounts, and audit of the same. To make receipt of Trustees operate as reconveyance. By Act of 1866. Ec-enacts provisions of Ordinances (altering place of deposit of rules) and adding the following provisions:— To enable Societies to hold land and house for office. To regulate calling meetings of committee and voting thereat. To enable Societies to borrow money on debentures. By Act of 1869. Extends power of borrowing, but limits its exercise to Societies that have been in operation for six months. 4.

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LAND SOCIETIES COMMISSION

No. of Societies. No. of Shares. No. of Persons interested. Monthly Subscription. Period. Expected Result. Character of Society. Interest charged on Realized Shares. 1 1 1 1 1 2 2 1 1 2 1 2 6 3 0 3 0 3 0 4 0 4 0 5 0 5 0 5 0 5 0 5 6 9 years 11 years When realized 7f years 71 years 7i years 7f years When realized 9 years 10 years or less 8 years 25 0 0 20 0 0 20 0 0 25 0 0 30 0 0 25 0 0 60 0 0 60 0 0 50 0 0 50 0 0 50 0 0 Terminable Ditto Ditto Ditto Ditto Ditto Ditto Ditto Ditto Ditto Ditto lOtgper cent. IO5 per cent. IOJ per cent. 3s.4d., month 2s.6d., month 5 per cent. 10s., mouth 10s., month 10s., month 10s., month 5s., month = 8 per cent. = 5 per cent. = 12 per cent. = 12 per cent. = 12 per cent. = 12 per cent, and 5 per cent., = 11 per cent. 4 1 1 1 1 2 1 8 8 8 8 10 0 10 0 10 6 10 6 10 6 4 years 4 years 10 years or less When realized Ditto 7J years When realized 20 16 0 20 16 0 120 0 0 120 0 0 100 0 0 100 0 0 100 0 0 Ditto Ditto Ditto Ditto Ditto Ditto Ditto 8 per cent. 10 per cent. 10s., month 20s., month 6s., month 6s., month 5s., month = 6 per cent. = 12 per cent. = 3f per cent. = 3-ij- per cent. Borrower receives £60 only= 5 per cent. 1 1 1 1 1 1 2 6 3 0 4 O 4 0 8 8 10 0 Ditto Ditto Ditto Ditto Ditto Ditto 25 0 0 20 0 0 25 0 0 25 0 0 25 0 0 50 0 0 Ditto Ditto Ditto Ditto Ditto Ditto 10 per cent. 10 T \ T per cent. 10 per cent. Varying. 11 per cent. Varying

iOCIETIES IN ICTOEIA. 1 1 1 2 2 5 0 5 0 When realized 25 0 0 Permanent Varying Ditto ... 25 0 0 Ditto Ditto Ditto ... 50 0 0 Ditto Ditto = llf- per cent. for ten years. = 12J per cent. for ten years. = 9f per cent. for ten years.