A Building Society's Troubles.
(Per Press Association). Melbourne, This Day. At the annual meeting of the Melbourne Permanent Building Society, the Directors' report showed the net profits had been hardly sufficient to meet the reduced rate of interest under the amended scheme. The Society had earned about 2^ per cent on current debentures during the year. Debentures to the value of £34,630 had been taken in exchange for properties in the Society's book at £34,120. From the present condition of the real estate market, the directors say they are convinced this is the only way to clear off their liabilities to debenture holders.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/FS18950919.2.9
Bibliographic details
Feilding Star, Volume XVII, Issue 70, 19 September 1895, Page 2
Word Count
103A Building Society's Troubles. Feilding Star, Volume XVII, Issue 70, 19 September 1895, Page 2
Using This Item
No known copyright (New Zealand)
To the best of the National Library of New Zealand’s knowledge, under New Zealand law, there is no copyright in this item in New Zealand.
You can copy this item, share it, and post it on a blog or website. It can be modified, remixed and built upon. It can be used commercially. If reproducing this item, it is helpful to include the source.
For further information please refer to the Copyright guide.
Log in