Page 3 Advertisements Column 1

Nelson Evening Mail, Volume VI, Issue 112, 13 May 1871, Page 3

„ Kelson permaneis t.,b uild.in (3- society. „-.- y'. \ : A ■ .' „ A ,__ ■'. ' i' . ... j.. , • '• ' '; u v „ i . THE NI*TH ANNUAL GENERAL* ME ETING of the Shareholders in' the PERMANENT C'.iBUIL'DIXG: SOCIETY of Nelson, w,s held ac the Temperance Hall, Bridge-street, on THURSDAY, May llth, 1871, at 7 p.m., Mr.IR. Burn in the chair. The Chairman having opened the business of the theeting, called upon the Secretary to read the Directors' Report, with the Annual Statement of Accounts and the Assets and Liabilities of the SucietF. After reading these, Mr. Thornton proposed the adoption of t ie Report and Statement of Accounts, seconded by Mr. rA, Barni?'_t. • . „ , •-.-■!(■ ' '• ;: Mr: J. Sharp, R.M., proposed that, that ] ortion of the paragraph in the Report referring to the abolition of Inspector, should not he adopted. Mr. Hibble moved as an amendment, tl at the fourth paragraph of the Report be struck out Seconded by Mr. Bltck, and carried. Mr. Hfbble proposed that all future mee ings of the Directors be held at the Temperance Hall, and so sa ve the expense of the second orh'ce. Seconded by Mr. Graham. Mr. J; Sharp, R.M., moved as an amendi lent, that, the, question of alteration of office be left with the Directors. Seconded by Mr. D. Burns, aid carriedl The Repoit, as amended, and the Statemi nt of Accounts, were then passed unanimously. Three of tte'retirjalg'Direbtors, namely, _ [essrs. Burn, Cooke, and Younger, and Mr. W. Fletcher were elected as.Mreexors ior the ensuing terra , . ' V ROBERT BURN, Chairman. : "a\ -~ ~ THE NINTH ANNUAL REPORT OI THE DIRECTORS OF THE PERMANENT . , ; , „ ■>- BUILDING S3CIETY OF NELSON. Your Directors in presenting their Ninth Annual Report regret to' inform you that the Society's returns for the past year have rot been quite so favorable as in previous years; the profit having fallen to about Nine-pet" cent per annum. The cause >f tl'isfttllingoffis attributed to the very depressed state of business experienced of late, which has pre' ented the. money at disposal from being taken up as formerly ; the Shareholders not caring to bori ow,, unless a profitable return was apparent for the risk 1 incurred.'- Small as the profits are now compi red with those made five or six years ago, it is believed, they now show quite as favorabie a, compa :ison with other investments . as they did then, for the . depression has been, and is so widely spread a: to affect all trades arid investments alike. With respect to the securities held by the Society, ,the Directors have great' satisfaction in informing the Shareholders that they have not receded in valua in, proportion to the repayments made; and that only two; properties are held by the S nciety through failure in fulfilment of the covenants by the realised Sharehelders. But anticipating tl at losses may be made, and if so, to prevent any great reduction ip the profit, the Reserve Fund has been steadily increased during ,the past year, and that now amounts to £70. .'■"''•. To curtail the expenses of working the Sc cietyas much as possible, your. Directors have passed a resolution reducing the Stewards' fees one- thii 3. They also recommend that a Committee b j formed by the meeting to alter the Rules so far as relate to the place of meeting, and the abolishii g of the office of Inspector, which will further reduce the annual outlay. The retiring Directors are Messrs. Burn, (fcooke, and Younger, who are eligible for re-election. Mr.iWm. Fletcher has been duly nominated! as a director, Mr. Catley having declined to act any longer; this meeting, will, therefore, be called upon to ratify the election of the other candidates. The Annual Statement of Accounts, with tjie present Assets and Liabilities of the Society, are as follows :~,_ I , THE . NINTH ANNUAL STATEMENT Op THE PERMANENT BUILDING SOCIETY. Dr. a. ■' March 31, 1871. I March 31, 1871. Cr. '• :; " ! " ' ~^lL~4 "■:'''.' A ~' i s. d. To Subscriptions received this year... 4045 «i 4 By Balance due Bank, Current Ac- „ Loans rep-'id on 479 4-20 -hares 9584 oVfi count, March 1870 27 6 3 „ Interest received on Loans ... 1635 18^1 „ Balance due Bank, Loan Ac- „ Interest received .on Loans, in Wk count, March 1870 700 0 0 advance ... 80 13 41 rV Subscriptions repaid on Shares ,;, Balance of Reserve 1 Fund Account, 1 withdrawn ... 10,428 8 7 at this date 68 18 71 „ iVns advanced this year .... 2,260 0 0 „ Bonus received on Loans, ad- 1 „ DisWnt allowed on Advance vanced this year ... ... 7 5 0 fttments 98 5 6 Manaqement Account— £ b. d. » BalanceW Suspense Account m „. . , +u . Marc!. 31, 1870 ... ... 4 411 To Fines received this „ Balance ot Suspense Account ' . year -, i, _ a at this date 29 12 n „ Entrance Fees ... 1 „ Balance of Reserve Fund Ac- ° „ Percentages ... 6 4 0. - count March 1870 17 n q „ Transfer Fees... ... 418 6 ■__ count, Marcn, 1.70 ... 17 11 9 150 o 8 Management Accountr- £ s. d. By .Secretary's Salary/.. 150 • 0 0 „ Inspector's Salary ... 20 19 9 „ Stewards' Fees ... 18 7 G „ Auditors' Fees ... 3 3 0 „. Rent of Hall £10 10s, // '' A . and Office £7 17 10 0 ■-»', ■'■■■ >-a-- ■■■■■■' „ Printing'.. Stationery 3110 3 .-,. ■ 241 10 6 s, Cash to Credit in Bank of New ' ' " . " Zealand '■ "- .__'''■ ... ... 1,765 12 7 „.„:..,;., -.15,57212 1 £15,572 12 "1 We hereby certity that we have Examined th« above Accounts, and the Vouchers for the same, and found them to be correct. ROBT. PICKETT, 1 ' A ' .E. SMALLBONE, f Atoixobs - " WM. ROUT; -Secretary. -.".''...""_." LIABILITIES AND. ASSETS OF THE PE IMANENT BUILDING SOCIETY, MARCH 31, 871. ' _naart_-__-____--n__-a_c_-_--_--R__pk__Hß___-__^ <BHBB)*isiHHasvns_a_M______B-_BsVsV_an-__na^ yl)r.A\ .:.:-]< " Liabilities. i s Assets. Cr. Total Value of— £s. d. £ s. d. I , £ B . d. - 154 E Shares at 18 12 7 ... 2,868 17 10 |By 756 10-20 Shares advanced on 215>F^j „ ..ae 14 3 ... 3,593 3 9 Loan ..." ... ... 15,130 0 0 61 G ' „ 14 19 0 ... 911 19 0 » Arrears of Subscriptions ... 358 17 11 >;..'. 36 H J •,»•' 13- s'B ...■'■ 478 4 0 » Office Furniture "" ... ... 50 0 0 -„,-272 I . .-j^ 11-14 5 ... 2,484 16 4 » Balance of Suspense Account 29 12 0 '-' ' - ? 22 '.t^' 1 „'" 10,4 li ... 225 8 2 « Cash to Credit in Bank New k 121 K „' ' :t 8 ; 16 9 ... 1,069 6 0 Zealand ..." 1,765 12 7 f' 147 L -,r „.,, „7^1,0,1 .1. 1,104 2 3 ..'..'"" ' •• r . .-..126 M „, '6 411 ... 786 19 6 ■ ..!;:?.,'{ 22ft-_Sr.;::o;j ,'•■"' ii'-'U '.4 ... l',U5 1 4 " 250 0 ; -„ , 319 1 ... 988 10 10 I .r,) l'-l_o'P f "' ; -„" -'' ->A\i ii ... s 347 10 0 I '.'■■■ 156>Q;i' ■'■ A'» )l ■■■a: I .'l7'^ -7 ... 293 3 0 I .■!*'' 129 R „v : , .. 0,18. 6 ... - 119 6 6 1 Amount of Advalnce Pay mehfs ... 733 13 Amount to Credit of ;, Reserve Fund ; t. ■■■•...: ■ Account ... ..... , ... 68 18 7 -". • - ;."; Balance of Profit undivided and of "1 '"'"'»» Expenditure, Account, not ; > 119 13^-&-^ N : \f> yet written off ... ' &...') y A. . , '* -V 8 62 ' „ ..„..a.,. a., a-. £17,33/ 26 J ; " r » v £17,334 2 6 . „ / —^tt — __. ' _^- FOR SALE. — All^that valuable Block of W^^y^AA . T -n m • ♦ LAND. -known as, the NELSONJ RACE A^r \ ajc \) „__ j_ iCOURSEJySituate'at Sioke. and containing, <v^»^ t- ■ ■. ■. 1 ■. . *- - Si^^-ejfJ^^^f Thirty-two Perches. J . l/rAS.ONIC-TJOTEL, •^ftfe^ W B '' &P s y t0 Si s?^" ' ''^ ' ' -""*-' ' -tl 'NELSON, signed, at tjaeofiice of Messrs. CxiRTsOfeoTHERS. , ;m^.< oit; _ iiji. : "_■ :-« - ■ ■ '":■*,;*• 'A+Ay Aa, ." ■ --,' . * * *„-^i / This Substantial and Commodious Hotel con A"''- " / tains.on .theiground floor <TWO BARS, THREE 570/ ,«,.,■; FRANqiS H.„PICE:ERING. , PARLORS, CLUB ROOM, DINING ROOM !— 1 — — r , r—rr-. / and KITCHEN r -,with. SERVANTS' ROOMS '-' ■'•'£-& a'Wt^v-' ''' Tkr_r»rS^_TT7___. attached ; and' on the upper floor, THIRTEEN HW^-H^-^ BEDROOMS, SITTING ROOM-,.. BILLIARD j_j- !■»-"- j^w 1 ROOM, fitted with' one of Ateoak'a best. Tables BBEWERS/iMALTSTERS; HOP-GROWERS, ai "l ah requisites. JAND CQKE,^UIfN_^RSj The >H6use is Wei. Furnished thrbaghout, and xn -xr t- -D t> t. _xr _h,r» v ■• f he - __ , , rn^«?' e Sjtock-in-Ti^de pan be taken &IN i • 15,r4iJV WIJECK- T , -at ! a Valuation. I< ' ' f ' : NELSON.. 1 ,.. ,-, There is a First-class Bu/ness doing at the ; : t ''-■'-" House.is.cbha'.oi.onie irrwwn.' ' '•'' -'.-. is. Harley Bio-kERs' beg .6 inform their Satisfactory reasqns . can be given for the .... — . arid thej.pi^bJja^eiieciTallyjthat they have present Proprietor leaving. COM^^DBfls^ ' !t^H_to.pp| y „ ' "' - .. .bov e ,a_i -o^to tS , e . ft ir,, sI _ re „f their ,T3l a 3 « „__ , Mjm&a.J&ARZBTZ .Bbot_-ers .JIRST._-BEW is Vi{ >H J:i ' on the Premises, NOW READY", -and may, be had on and alter „,„.__ n^ mrr^^r. ' '■ '^WmU'WR. ' or XgUg* B^°J*™ S ' . - i lulA yfaVvM>lWMy™w .^wv; MfiA>MsW*M*MKm> '*__Mi .W-:-''i-t ,V!-l\? e .-V..i-)"t.i t 3omu i ■ A . c ;■. . ..".I -u-.A. .-:vAiUiiA-i .. ' AIUH CV/.A r. IA. iUVf .51" .'A. !