MARLBOROUGH BUILDING SOCIETY.

Marlborough Express, Volume IV, Issue 190, 21 August 1869, Page 4

MARLBOROUGH BUILDING SOCIETY.

The Annual General Meeting of the above Society was held on Mednesday evening. Mr. James T. Robinson having been voted to the chair ; the following report of the Directors was read and adopted : —- “Your Directors have great pleasure in presenting this their Seventh Annual Report to this meeting, and congratulate the shareholders on the still continued success of the Society. During the year the A Series have matured, and your Directors have given debentures to the shareholders of the unrealised shares, bearing interest at the rate of 10 per cent., as fixed by rule. Your Directors have the pleasure of informing you that the B Series have matured, in which case there will be but one debenture, the rest of the shares of that Series having been realised. The office of Trustee of the Society became vacant during the year by the resignation of S. L. Muller, Esq.; your Directors presented him with a letter of thanks on your behalf, and have appointed J B. Wemyss, Esq., to that office.

We herebyHcertify that we have examined the above account and found the same correct.— (Signed) Angus McLauciilan, and W. White, Auditors. The sum of £BB4 11s. lOd. has been the net profit made during the year, from which has been deducted A‘2G2 18s. 9d. as profit to withdrawing and maturing shares of the A series, £146 15s 5d as interest of debentures, and £IG 13s 4d interest duo on debentures, to June 30th, leaving a balance of £398 4s. 4d. to be divided amongst the different series of shares as follows :

Messrs. W. Nosworthy, W. T. Daikee, M. Alexander, Kennedy, and J. Taylor retire from the Directory, but are eligible for re-election. Messrs. T. WalPand W. Parker have been duly nominated as candidates for Directors. Charles J. Rae, Secretary.” The retiring Directors were re-elected, and a vote of thanks to the Chairman terminated the proceedings.

1S6S. £ s. D. July 1—To casli balance last year 14 15 2 ,, ,, in Secretary’s hand i 6 ,, Subscriptions 791 IS 11 ,, Interest 613 1 4 ,, Fines 114 15 2 ,, Transfer fees 2 8 6 ,, Insurance repaid 29 19 1 ,, Mortgage 27 4 0 ,, Commission on do. 0 8 0 ,, Advance payment 3 19 11 ,, Cash banked in excess 0 0 6 £1598 12 1 18GS Contra. July 1—By shares withdrawn ... 679 15 10 ,, Debentures paid CSO 0 0 ,, Interest on do. 146 15 5 ,, Audit last year 2 2 0 ,, Secretary’s salary ... 38 10 2 ,, Stewards’ fees 4 0 0 ,, Insurance paid 31 12 5 ,, Stationary, &c. 0 18 0 ,, Rent of room 8 3 0 ,, Advertising 1 13 0 ,, Transfer fees in hand 1 8 6 ,, Pines 0 17 10 ,, Balance at Bank N.Z, 2 15 2 £1,598 12 1

Series B— 60 shares, £1 IS 7 £115 15 0 C— 47 ,, 1 13 2 77 18 10 D— 17 „ 17 7 23 8 11 E— 17 „ 14 9 21 0 9 F— 55 „ 10 3 55 13 9 a—122 ,, 0 17 1 104 4 2 Profit undivided 0 1 ii £398 3 4 Value of Shares June 30th, 1SG9. Series B £19 12 1 ,, C 16 17 4 ,, D 14 G 3 ,, E 12 G 5 „ P 10 13 3 ,, G 9 3 7