Twenty years ago a few enthusiasts in Christchurch and St.' Albans started a money club, which has now grown into a large financial institution with a capital o£ over £50,000. The object: of the dub is to act as a go-between between those with a few shillings to invest each week and those who want to borrow small amounts on approved securities. No member is allowed to take more than tan shares, and the subscription to the club is one shilling per share per week. All money to members' credit is at call, and at the close of each half-year the profits are divided back to the-members by way of dividends. The C*''istchureh Club bus paid qs much as Is in tho £ for the half-year by way of dividend, but their average dividend is 9d in the, £'fla.eh six months. Mr. W.G. Garrard haa been secretory, of the «lub from its inception,
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https://paperspast.natlib.govt.nz/newspapers/EP19190530.2.84
Bibliographic details
Evening Post, Volume XCVII, Issue 126, 30 May 1919, Page 7
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152Untitled Evening Post, Volume XCVII, Issue 126, 30 May 1919, Page 7
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