75th ANNUAL REPORT
PERMANENT BUILDING SOCIETY The 75th annual meeting of the Ashburton Permanent Building and Investment Society will be held this evening. The report of the chairman, Mr R. A. Collins, includes the following survey of the affairs of the society. “The 75 years present a wonderful achievement of progress based on sound and solid lines of business. The accounts for the year reveal a very satisfactory position. New loans on mortgage amounted to £46,530. The total amount on mortgage is £285,000, and on deposit £181,895. The reserve fund has been increased by £1069 10s.” The directors’ statement shows on the profit and loss account a balance of £6742, cost of management £2499 14s Id, and assets £316,219 0s sd.
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Ashburton Guardian, Volume 70, Issue 117, 2 March 1950, Page 6
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12175th ANNUAL REPORT Ashburton Guardian, Volume 70, Issue 117, 2 March 1950, Page 6
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