75 BUILDING SOCIETIES
Assets Vary To £4om (N.Z. Press Association) WELLINGTON, July 18. Seventy-five building societies, with assets varying from more than £4O million to just over £BOO, are registered in New Zealand, says the report of the Registrar of Building Societies tabled in Parliament. The registrar (Mr V. Thompson) said that by the end of the year all societies would be required by the Building Societies Act, 1965, to bring rules into conformity with statutory requirements. Some draft rules and alterations had been submitted for examination. “A weakness in some has been a lack of preciseness in setting out exactly what liabilities a person would assume upon becoming a member, and also what benefits he would receive,” Mr Thompson said.
Permanent link to this item
Hononga pūmau ki tēnei tūemi
https://paperspast.natlib.govt.nz/newspapers/CHP19660719.2.87
Bibliographic details
Ngā taipitopito pukapuka
Press, Volume CVI, Issue 31115, 19 July 1966, Page 10
Word count
Tapeke kupu
12175 BUILDING SOCIETIES Press, Volume CVI, Issue 31115, 19 July 1966, Page 10
Using this item
Te whakamahi i tēnei tūemi
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons Attribution-NonCommercial-ShareAlike 4.0 International licence (CC BY-NC-SA 4.0). This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
Ngā mihi
This newspaper was digitised in partnership with Christchurch City Libraries.
Log in