Page 3 Advertisements Column 1

Nelson Evening Mail, Volume V, Issue 109, 10 May 1870, Page 3

AT THE MEETING- held at the TEMPERANCE HALL on MONDAY EVENING, May 9th, 1870, at 7 p.m., MR. R. BURN, in the Chair. THE BALANCE-SHEET AND REPORT were read, and, on the motion of Mr. Louisson, seconded by Mr. Bolton, adopted. The ELECTION of FOUR DIRECTORS then took place, and resulted in the Election of Messrs. D. Burns. J. Graham, Acton Adams, and T. H. Stringer. THE EIGHTH ANNUAL REPORT OF THE DIRECTORS OF THE PERMANENT BUILDING SOCIETY OF NELSON. IN presenting to the Shareholders the Eighth Annual Statement of Accounts, the Directors have much pleasure in still being able to report favorably of the working and position of the Society, which has exceeded the hopes entertained this time last year, for not only has the five thousand pounds due to the Bank on the 31st of March, 1869, been repaid, but the B series of Shares have also been paid off, with the exception of aboat seven hundred pounds, this will enable the Directors to devote the funds accruing, to the extinguishment of the C series, which will mature in June, therefore after the payment of this series and the balance of overdraft at the Bank, the Society will be in a position to make fresh advances to Shareholders upon approved securities. As a mark of the soundness of the Society's investments, the Directors would remark that notwithstanding the heavy depression of trade and depreciation of property experienced in Nelson during the past three years, only three properties are in hand of all that have fallen into arrear, the others having been disposed oi without loss, and these three are not looked upon as at all likely to entail loss, for the balance due upon each of them is so far below their values that the sale of them can only he a matter of a few months delay. To provide as far as possible for any loss that may accrue, the Directors have commenced a Reserve Fund, consisting of all withdrawal fees, and any expense or loss arising from the Sale of Mortgaged Properties will in future be debited to this account. In conclusion, the Directors direct attention to tho value of the Shares, as shown by the Liabilities and Assets statement, as being the most convincing evidence of the Societies usefulness and profitableness. There are now four Directors to be elected from amongst those nominated, who consist of the four retiring Directors, viz. :— Messrs. D. Burns, J. Graham, I. M. Hill, and T. H. Stringer, and one other nominee, Mr. A. B. Adams. ROBT. BURNS, Chairman. THE EIGHTH ANNUAL STATEMENT OF THE PERMANENT BUILDING SOCI ETY OF NELSON. Dr. Cr. MARCH 31st, 1870. MARCH 31st, 1870. £ s. d. £ s. d. To Subscriptions received this year 5359 19 1 By Balance due Bank, Current Acct. Loans repaid on 454i-io Shares - 9102 0 0 March, 1869 - - 187 8 8 Interest received on Loans - 2503 5 4 Balance due Bank, Loan Acct., Bonus received on Loans - - 3 3 0 March, 1869 ~ 5000 0 0 Profit reed, on Shares withdrawn 8 15 0 Subscriptions repaid this year - 8505 18 9 Balance of Reserve Fund Acct. 17 11 9 Loans advanced this year - - 2960 0 0 Balance due Bank Loan Acct. - 700 0 0 Interest paid Bank on Loan and Balance of Suspense Acct. - - 4 411 Overdraft - 307 14 5 Discount allowed on Advance Management Account. Payments - 119 16 9 Fines reed, this year £258 7 8 Balance of Suspense Account. Entrance Fees received March, 1869 - - - - 694 8 7 this year - 25 19 0 „, . Percentage & Transfer Management Account. Fees reed, this year 1112 0 Secretary's Salary ■ £150 0 0 - > 295 18 8 Inspector's Salary - 25 8 0 Cash due Bank - - - 27 6 3 Stewards' Fees - 23 9 0 Auditors' Fees, 1869 6 6 0 Rent of Hall, &c. - 19 0 0 Printing & Stationery 22 13 10 246 16 10 £18,022 4 0 £18,022 4 0 WILLIAM ROUT, Secretary. We hereby certify that we have examined the above Accounts and the Vouchers for the same, and found them to be correct. ROBT. PICKETT, } Auditorg E. SMALLBONE, j- Audltors - THE ASSETS AND LIABILITIES OF THE PERMANENT BUILDING SOCIETY OF NELSON. Dr. Cr. LIABILITIES, MARCH 31st, 1870. ASSETS, MARCH 31st, 1870. To Value of— £ s. d. £ s. d. £ s. d. 194 C shares @19 12 6 3507 5 0 By 112214-20 Shares advanced on 184 D „ 17 710 3200 1 4 Loan ... - 22,454 0 0 167 E „ 15 710 2570 8 2 Arrears of Subscriptions - - 257 12 0 224 F „ 13 12 7 3052 18 8 Office Furniture - 50 0 0 77 G „ 12 0 0 924 0 0 56 H „ 10 9 6 586 12 0 307 I „ 9 0 10 2775 15 10 31 J „ 7 13 9 23S 6 3 139 K „ 6 7 11 889 0 5 183 L „ 5 3 6 947 0 6 169 M „ 4 0 5 679 10 5 357 N „ 2 18 8 1047 4 0 279 0 „ 1 18 3 533 11 9 169 P „ 0 18 9 158 8 9 Bank Overdraft- - - - 727 6 3 Balance of Suspense Account - 4 4 11 Payment of Subscriptions re- I ceived in advance - - 512 10 3 Balance of Reserve Fund Acct. - 17 11 9 ! Balance of undivided Profit 89 15 9 941 £22,761 12 0 £22,761 12 0 mo LET, that Old-established GENERAL W AN A TED ' a S^S^o^SfJA?^ „ 1 STORE, opposite Tue Fleeck, Wai- V \ Apply to Mrs. W. THOMSON, Trafalrnea Road. Apply to H. J. L. AUGARDE. 938 gar-street. 937 WANTED, a GENERAL SERVANT. ' MYERS, the Wood. 934 THE ANNIVERSARY SERVICES of the . ATOW P^RTRTTTIsrP above Church will be conducted NEXT ±>WVV - C^ V£l - USJ - J " L^SABBATH, May 14th, when TWO SERMONS will be PREACHED, that in the Afternoon by IVT 11, T ~FI RY ' S the Rev. J. A. TAYLOR, that in the Evening by -LtJ- O • JL/ Mr. J. T. SMITH. On the following MONDAY CELEBRATED PICTURE, A a PUBLIC TEA MEETING will be held at Half-past Five ; after which ADDRESSES will "ft /TARINE AND f^OAST "TTIEW be delivered by the Revs. W. J. WATKIN and ixL KJ V SMITH. T ' AYLOR ' a^__ Messrs - and Executed in the • Collections in aid of the Trust Fund. 944 NATIVE WOODS OF THE COLONY, ~ " ~ — ~ IS NOW ON VIEW AT T^HITE-FRUITED^MULBERRY TREES THE ASSEMBLY ROOMS, MarusMulticaulus . . Is. each TRAFALGAR STREET. Marus Alba . .Is. 6d. each. „,. TO , c , w „„ r . This Wonderful Piece of Workmanship must The above kinds are considered, both in Italy be seen to be appreciaecd. and France, as by far the best for cultivation as Food for the Silkworm. Admission— 2s. ; Children, Half-price. Doors WILLIAM HALE, Nurseryman °P en at Ei S ht °' clock THIS EVENING, rru„,, „„a tt„^„ o t« QO f a n^ t after which the Exhibition will Tory and Hardy streets. 945 be open from 10 a.m. to 10 p.m. Daily. 948