FRIENDS OF LABOR, LOAN, AND INVESTMENT SOCIETY.
The half-yearly meeting of the above society was held at the Market Hotel last evening, and was numerously attended. The Secretary (Mr Otley) read the report and balance sheet, from which it appeared that the society now numbers 222 members, with a capital of £2655 lls 2d. During the half year £2400 hud been lent, principally in sums under £2O, and in the four years that the society has been established £13,763 has bean lent to members. The amount of profit on the books was £364 10s, and the eecretery recommended that a dividend at the rate of 71 per cent, for the half-year should be declared and added to members’ stock. This will amount to £l7l 3s, leaving a balance of £175 7a to cover risks on loans now out. The report and balance sheet were very generally discussed, and it was resolved that they be received and adopted. The meeting then proceeded to elect officers, with the following result:—Mr Gwatkin, President; Mr Gain, cashier, and Messrs Gapes, White, and Alpe, committeemen. Tho meeting then closed with a vote of thanks to the permanent officers.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/GLOBE18800713.2.12
Bibliographic details
Globe, Volume XXII, Issue 1992, 13 July 1880, Page 2
Word Count
193FRIENDS OF LABOR, LOAN, AND INVESTMENT SOCIETY. Globe, Volume XXII, Issue 1992, 13 July 1880, 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