SYDENHAM MONEY CLUB.

Press, Volume LXV, Issue 13336, 30 January 1909, Page 2

SYDENHAM MONEY CLUB.

Tho _ Sydenham and Suburban. Cooperative Money Cinb hekl its annual shareholders' mooting on Thursday night in tho Methodist schoolroom", Brougham street. Tho president (Mr W. Dalley) ' occupied tho chair, and thero were forty-two members present. Tho committee submitted the following report for tho half-year ending December 31st:—"Your cemmittoe havo much pleasure in placing brforo you the statement of accounts for the six months end-ing December 31st, 1908. The share list closed iv-ith 1721 members, holclins 601-t shares. Tlk> number of loans granted ts-jia 190, amounting to £62i_G 17s 1(1. making a grand total advanced to members since the foundation of thc club of £2__,091 4s lOd. The present number of borrwrers on the lx>okii is 352, and the total amount of interest £1723 8s 3d. The total receipts for the half-year tvere £13.:)39 4= Id. The sum of £416 7s Sd has been disbursed' in- payment of accounts, salaries, etc., leaving a credit baianco of £1060 lis 3d. Your committee therefore recommend that a dividend at the rate of 9d in tho £ be udded to each complete 10s standing to members' credit on. December 31&t; that amounts over tho £100 receive dividends at the rate of 5 per cent per annum on each complete 10s for the half-year. That £25 be added to reserve, and £25 to suspense. That tho auditors, president, and Finance Committee receive the usual bonus-, and that the balance, after paying interest on deposits, be carried, forward." The report and balance-sheet -were adopted. Tiio officers -were all re-elected, as follows:—Mr W. Dalley, president; Mr John Brown, vice-president; Messrs G. AY. J. Parsons and O. JE. Jones, trustees; Messrs R. "Wright and T. J. G3<s-1-hin, members of Finnnoo Committee; Mr W. D. Marks, treasurer; M_- Tho_. Barry, secretary; Messrs Cbas. Foster and Mark W. .Woodfield, auditors.

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