Page 1 Advertisements Column 6

Mataura Ensign, Volume V, Issue 224, 26 January 1883, Page 1

.iji , :r i .^.gplicitors,^ ::■;,,, t ■•■■ .^su.^mzTm^,^ BARRISTER .SOLICITOR AND q : ! ; K mmw^9m'Y^. uwr Tem P9 rary .Pfe: jWeftbroo^s §|ub Hotel. c 257 .]\|R •..« WM. HEHI)EBSON SOLICITOR AND CONVEYANCER, Vj ■ ' GORE.' ■• •■ ■'> ■:, / . ; i :• "~~T- ■;■,", :■/.- Offices immediately opposite Green's ,/ „.;. '"Hote£Resident Magistrate's Conrts at Mataam, Tapanui, and Waikaia attend loans negotiated: j-..; SomejOf the best .Sectioria 'in Gore and East Gore for sale. ;"'"' j -■ 1 j • Building Society. ■ • ; ■ d(>;|JTHLAND JBU]I#IN(J AJSt M , „.TpijvTDSTMBjNT-S OCIETY 'AND" '• ■ . ,- ,; /}/ i^ANK Otf r 'I)EPP ( S ; IT. IV.. , ; .- , .•,,!/ jJ. Walker Jßaj \u v Esq' '• , r _ Messrs: J. E. Hannah, fad* Mathes'on, Thomson, JW. H. .Hid^.'O/.W/ißroWn, \%m. Sloan,, John Kingslapd,; George Froggjitt^and •• .!••••.;•.'. ! Roben,rE,rek'ine. v , ; i .;' ".]■', ' ■■■ < '' I'- | ! ■'BOLIOiTORST'I - « .-'■ - MessrsMacdonaldjindi.Rhsspll.. J " '';.'■ ;' : i bankers : v i ■•■•' Bank of New Zealand, „,.'.; ' SBCEBTART:- ... • ]r Mr James Brown. : . '• . Offide—Temple, Chamber, Efk*;\r«et, , ■■■':'■■ K Invercargill. " !'.'..■' i The leading features of^the Socieiy :&*•■'*• folioW :^-The net' profits are (^credited ' »fe:tiie endf6f;eV'ery year to' each csm\rehol^ert"(.bo«r rower or investor) in proportion to the ampont then| standing to bis or hercreditlin the iwofiij except Subscriptions paid ia. adVance, 'iiva^ Tiiy ; afcojee Society #al[e'sfa6}ißheoi iri 1«f69, ' and' ( is'incorporated ! uiTder f " the i Bdildine So'oieti'e;!' Aols'lQ7B; : .< ' o;! V. , , 4 j • ? .7'>M" ItP paji.ci Ra tingequa|ly ir m.j*n**:srsfr , ... Shares date frpm,the ;^rflj nr pay day^'ja^fthe .mpntha.of May, Aug^ November « qgl^ljfep* Wary,-. ..Shares f repxegent , c whe,ff[ rei ilJßedC^|Ke '•-. >mrntfs2f eaoh. .. plroV^lei^pr " ;' -anyrfgorfcion of trie ?monnfc--idrrowed"io-:<wi& ---^ profits, reaches the Sum borrowed, We YpfopfflS , •■ styi^giyeuas lecurity, is rele.Bj»j4.^jvT^ejTSoeWly has made arrangementßi^here;,by,im9Btgagejan y d release charges are reduced to a minamam, ■BotWw'eVs building hotrt^siaclcSordin^tolplinß and specifications approved^ fry the Directors, are aljpwed.prpgregs.f payments ob thp architect's certificate. . r^ m •: , Id was, anticipated. fcb.at snares pajiqg. J.S 1 wt data the following. f^^ujati^na,^^ .^Me. :jInveators of four shares: prfjf)4s a.'^ee^ror - ■ £10 8s jfer annum/ fl i^hioh^ ; mujtlpljfl4 by,7,7 gives £72 165, the actuil3tojmne.n.ts in 'seven .yearsi ; -m^^to^!«#^tßrfflgHWn« • cheque for £100, the dnTer^q^oi^Z 4s having accrued as jrofi^during that^eri^d. Suppose the sum of^£lo 8s were saved by an inveßtbri'a < n l d T 3eppsite l d half in 'a bask in payments of £6 ts'eachhaJf-year, the bank allowing6jpb : ?cesis} result IWpuldfb^ha^inithe, jpeMbfV^Tfu*,/ I*U» £100 would be accumulat^cLin the Society, •rily about^TwoufrfWacdunMatedin the bank, bo that a cJ^gali^^jgJ^tiJreTaßriod L would result by investing savings in the Society. Bor rowers who. have realised on four Bhares pay in additionjto^ubaoriptipns : .intewat at^ the, , rate of B, per (pent. yeE^annumV.-makiiitt'MlS Bs 1 ; b^ 7, givW'£l2B lSi,; a« -^c total payment'4'in aeyin v^a're. Deda^ froui this sum the amount borroWed, . and ik. leaves £28165; wliich'aunidivlded'byT; vMmu Mm hhtA £4, per annum, or'fpurper'be'nt., has been paid for the 9.8$ pf,<the. money. Hupppse a member purchusVa a^ouße.fori>2oo, for.which h* has been pay irig.a rent of '.lOsper' week, and, he ob" tainsj fr.jiu/ihe Socuty an ol^ £150 on th .sicui-ity of the' sauie, His 1 , payments wouid.b^'- interest, £12 ; suhsdrifetion, £15 12s ,;' total, £27 12s, lv aeveii '-years ; hi» actual payments would amount' to 1 £l9§ ; 4s, h^MOt^yefco^a'^mb^df^e'^ociety^ wou^'hav^ 1 paid : £ls2,' tk^''ren'ti^'ab'd : the property would v tili belong tbfHis fi la^ai6ta.. In order to arrive at the j ea!aUtf f Bu mr ni sJ tfB o "has" •piiid^for 'the' house by thY aift;6f add, to his actual paymentsii^seVeiii'yeaifs'i thd -S6ciety the - j£so psid dn'.pdrohaye, ' '" , A^ptual paym^pt .... £$3 ,4 T 0 Paid on purchase ... f „.'•.■,,; K sp t . t Q ,:Q '■■■ ..• ■■•...r-''{ :.' ' .'. • ,',.':, 1v£243^4 0 ' And deduct rent he would, ;rr ' „ haye/daid, .. „,.,.( !: ... ,18^.^0 0/ '■' ' I-". I .'- ■'. . ■;■.,.?',''." -^61. 4 0 and it js Been that £61 |4s is the net cost of ..the house to the • m,ember. . " . '. \' v ...""" . . • The actual operations of the Society hare demonstrated. the correctness of thje foregoing calculations, :and the results have be«» considerably better . bo^h i 3to,' the 'borrower and investor,, than; anticipated ,f; fpr, instance. at the balance of 1876, on which 3 a t? ) the first,seyen;years'i series)f.of shares matured, the investor: of four shares received a cheque for £JOl 14a and the /borrower obtained a bonus of £1 14s in addition to his loan being repaid., The following table will . show; the results since then, the * next aeries maturing 1879- ..".•. ; ' Borrower obtained Investor of 4 shares bonus in addition received cheque for to his' loan being repaid — 1879-£lo2 ISO £2 15 0 1880— £103 12 8 ... £.3 12 8 1881— £107 9 8 ... £7 ;: 9 ''B- : ; . The rapid increase in; the; profits shows tk advantages of cooperation,, ; the same machinery and'the'eame expense being capable of overtaking a largely increased business, consequently the profits increase, hence tho balance of 1882 shows a bonus of £8 14s 4d to the borrower of £100 rand "the-inve^tdr of 4 sharef re,TOije^Jche"que fQrr£Joß"34s 4d. ' - JAMES BROWM, .• ' •'■ !.v.'. .'-i ; ';i. " ,-i v-rj.i;vdi.T gecFetaryia Inyercargill,. 30ta December, Xflffl l^ ':'Mo