Page 3 Advertisements Column 4

Nelson Evening Mail, Volume XI, Issue 127, 20 May 1876, Page 3

- • ririHE-FOORTEENTH 'ANNUAL r REPORT YOE^ ;THE /DIRECTORS JL' i ' 'OFTHE PERM ANISNT BUILDING SOCIETY OF NELSON; '• -'. ■ - i •'-■- r-r- i** ': ;- l^-f-^i "■ .." .i-i^.i I. . j .'■ ■ ' 'f- -.-;. -> . ■ .... j "/' " „ „■.{...-/ „: . j ; The' Fourteenth; Annual Meeting -.0f.- : the ;Shareholders : of the;' Pernianent Building Sjociety'of Ifejson, was held at the jTemperance Hall,. Bridge-street,- on Wednesday evening, May . -17ji,1576, at half -past : Seven. ' 7 7 ; .7.7.7 7, .7, .7. ' ".., i Mr'Wm.'.Fletcher was Voted '.to the chair, t . 7^ ! '"''"' ' ' -j S ' Tbe ehairnia'r_!called ; Updh the Secretary to read the Report and Statement of Accounts, "after- whicbi 7,1 ! t<-- p.--,\t ;-rr . ■>...;<• -.- '.-,,: : <■■■ Z .t*--v :'.*-. -i I '-■-■, -.? A i <■■:. *- ; ..'> - .-.. : j ; .MrrD. : BtfßNS.moyed the adpptipn.-pf : the Report and Statement of Accounts, .which was Jcbnded by Mr. Thornton, andjCarried.unanimously. . 7 f , 7,, . Y'.f „ ..' 7. -7 On the' motion of Mr S add, seconded by ;'Mr F. Naltjer, Messrs. 'David Burns.-, Charles ri'ghten',* John ; iGlraharn i, and 'Robert'- Stepriey Lpca's", we^e'elccfced^to _eVve' as Directors for three^yearfi) and Mr' William JahiesiHird.toactifpr ; two :y ears. i;; '.'.'"i! .','.'-, !: ,'■:•-; >i '■ <y " ! ''fl '' :; .' ;'-' ; "! ;; ' : ' - : '^"DIRECTORS' jREPORT.- 7 - ; ;: ■ "'■'""- : p-' ;' I • •';'■' '"-j | In presenting, their Fourteenth Ahniiai Report the Directors beg'to call attention to < the Statement of Accounts' submitted herewith, and" to congratulate' the Shareholders, upoh ' the increased ampuntyof ; business effected by the Society during; the. past year, ; as shown by s . a! comparison with. -the .previous, =. year's business., They; have. pleasure in stating that the .increasing demands of : borrowers now exceed tbe| supply of money at their disposal for • idvestment, and thatthe'Society is also progressing favorably in all other respe6ts. ■; ' I t The ; 'Directors : wbiild 5 "take ; - this Opportunity of ' impressing -npon : the. 'Shareholders the advisabilityf of 'endeavoring ,,tv/extendb v / extend the benefits of ;t"he .Society ,by representing to ;their . ...friends and acquaintances, the special and peculiar advantages afforded both to investors. and", 'borrowers; in connection .therewith,' believing tnat 7snchy , i'n'd'ucements as'this Society offers ' cji.nnbt'be'obtaiqea in' any other,; similar institution^in' the Pro'yinceyand heed only be known aid understood to be a^prediated. .'-■■■-•.- .>: ! ,!- ■-.■■!! •'!• ;■■ ■:-, f. ■>■■■■ . •■•':--. ; ; . -'->s t\T-he 'Directors deem this; :a fitting opportunity i to again point out the cardinal features;', o I this,. Society., : i;i . s -pr „.._, i „,^ V,,, ...; !r. ,' .. . y „ „;., . ■ ....... , .7 r .i. .The capital of. the. Shareholders is ; not subject .to.; .the risks incidental to ordinary r - y., investments,- inasmuch | "as ' the, Society advances' .loans .prily ' upon apprb.ved • •' yfre ! eboid security, selected and valued 1 with "dve 1 dare by its own valuators.' -2. 'These: loans' ' are 'distributed 1 over • a' It^rge ndinber-df properties and persons, and '• •-.-?•< S being-repayable 'by. monthly instalments, they are continually enhancing in yalue ..;.-.-, „.as;£[ecurities,f, .--.;;„ i fJ ; ,«..,, < ( i. ; (;: ''■ -, t '.-. r-<>f) (!-'•' I '■' :•'< • -.* ■ .-- - . p,, The interest pbarged on loans is only 7^ per cen^^^ ' f, -■ ...•,.*,: 7 * .4. 'The' whole or any ' ■portion" o ; f T the hian may be repaid at any time, the interest ceasing ; ;,?: ' v ' bri' the 1 amount fhus'paid. i,! '- '"■">'• '.' j ••' h >:• -.;.;- ■- -.-.-...*.. : ; . 5: Th'is:Sobiety is also the best: Savings Bankj as the profits upon the investments have . ;..-. ; hitherto exceeded; 8 per,, cent. 'per annum. ,; •;:';*.; . ; .. '• :; .',-.]■ Nominations,, have been, receiyed iti writing of the following persons. qualified to act as D^irectors r y'iz:~ Messrs. 'D.'' Burns,' C. Brighten, J. Graham, and.RifS. Lucas, to serve for . tl iree years ; and 1 of Mr "W. Jv Hird, to act ; f or two years. As there are no other: candidates proposed; this meeting will be : -called -upon* i to 'formally elect the Shareholders abovementioned. !. * * >!-.:■-, -a -\l •)' "'• -■-.)■-, ■'! ! ' ;| 'r " '■: ■ f ' '' ■' •:-•-.; j -.-:, :T ; ,-:.. .-,-, -- „ - ,-. -:,.,' „,„. . „ j „ «.m • Wm. ,FLETGHER, Chairman.; ANNUAL ■STATEMENT OF' ACCOUNTS: OF .'.THE BUILDING I =SOCiETY7OF7NELSON, E'OR THE 114 th YEAR .END.ING 31st MARCH, 1876.

Db. ; ;•■ - ;-. -..:•- -. . .- . ' Cb. . ! ■' , - ' : -' ;: '"'" BiicBXVTS'. '"• X '• ' ' "' ' ' ' DISBUBSBMENTS., " ' , " I -:.-.. •; . ■-.-• j -' .:. : „. ■-;• -•>■ -. £ 5.,, d., . •' <*-■.': ' '"'■■'- - ' •■ £ ■ B. d. To Cash to Credit on March 315t,'1875 ... 19 15 10 on Shares ... 3,512.6 10 ,*j Subscriptiona received this* year *' ... 4,726 6 3 •• ;, Loans* advanced this year ' ' ... ..; 6,620 0 0 ,j Interest received this year. r . ; ; 1,073.16 10. ;,, Discount allowed , on advanced pay,l Bonuses received this year '■''''.'.', '' ..." '12' 1 0 ' ; jnentsf.,.- ... „ ". Is 410 ,[ Loans repaid: this year r.'.r ... •: ,-;. 2,500 o>o 1 „ Suspense Account on- March 31st, 1875 *-.' 22' 0 ; ,[ Eeserye Fund received this. year ... .22 5 5 %, Eeserve Fund t>_id this year ... ... 12 12 7 ,[ "Deposits repaid by Bank '.;. • ..v 890 o' ! 0 *„ Interest paid Bank on Overdrafts "... 015 7 , .Bafande.pf, Suspense Account (Loans; .! " ,- .. ;. M ; n a' g6 men' t Account^- '■''' ••••.'.:: ! not completed), ! „ r ... .47112 11 . . „, „ •,. •• . '-,£', a.. d. I ■ I Management' Account—' ' .- !■ = •■■ 1 '■ By Secretary's Fees . ... ... 101 -2 3 i- •: .'■;•; -..:■■ ;:;.-■ ■-. . •.,;. : £ ■ * ; s. :d. •; '. : •' „ Inspe'ctor'-s •Pees' ... ..'.- 17 0 1 To Fines received . . ..... .... 146 4,6 , ; -. j, Stewards' Fees .-; ' ,12,12 0 ,[ -Pei* Ceirt'ages received ilf ' 4512^0 ''■ '' * '-■' '■ „ Auditors for 1875 ... ... 33 0. ,', Entrance Fees •;.....- .:.„ .3113 !',; -.- «.,. ! ; '• „ Kent of Hall' and OfHce ..; : 13 0 0 ,1 Tr'arisfer'Feea' '... ' ... 06 6' „ Advertising, and Sundries ,419 0 [ .'"ii i;-: 7- ir.-.., -i ••'••• +-: —^1 — 1 223 16:6 ) ' ■■--..-> 16110 4 !_, ■ ,: , „ , . .-,, ■■. . „ Cash to:Ci^ed.t'in Bank of New Zealand - 1 i •-'• * -• ! -' - ■•*'■' . i . atthisdate..,.,;.... ... ...738 17 .7 j •.' , .'7,.. „,- .''£9,939.14 ,9 j'* . : -. fy -' £9,939 14 9 j 7 We hereby certify that we have examined the a,bove Accounts, and Vouchers, for the same, and found them correct. "' r r - - I \i • '•-"-- -'-•-■-' .---•- '::•-/ *'■- • '.- •-■'• •Hr EDWARDS,.' "' ' )'■' '• : !., t *..!./. -i -. .-, '„..,;•,■.,- -- - ROBT. M. SUNLEY, ■[ Auditors. I .'. „....,; i -DANIEL BURN, i j i .;; ./'wm; rout, 1 y y ",''''. ; l ....-.,..-. : ... .. •i; ' : ''J '"' . "' : Secretary. •': ! " ■"" ' - •". .„. ; . .._ ...... ,•' ; ; , „...: [v % i PERMANENT 'BUILDING SOCIETY; MARCH 31st, ; 1876. |Db7 ; '' : '' ,;> " ;: ! '"• ■-' : ' ;l v; ' ' ;:; - :;: ! ' .'„ ■. ' ' ". , , . '•' , ' '_ ' . Cb. j • ■■-,'■. '. .: ' Liabilities,- 1,. .- *, >. •-. ■ -'" '■ •■ '-' "Assets. ' "> [ "■ £ a, d. £ ,s. ,d.. £ s. -d. . " ' ' • £ s. d., To 32 Shares of Series Mat 20 10-10- 657 6; 8 ' : ; ' By Loans' ... : . 16,185 0. 0 .J157- --. „ : - -N „ 18.15 4 2,948 7 4 -.- - s '^-„ Subscriptions due ... '■ ■ ... 163 17.10.' ;,i 137 v '-'■'' ; 'i, ' ■ ' : 0„ 17 ; 010 2,334 14 2 „, „ Safes and Office Furniture ... 60..0. 0 „ 72 : „•-; ,;P.„ 15 810 1,111 16 .0 „i 6i "."„'" 7Q7, 1319 1-1,311 13 10 '■:::. - ' : . - . L,: 6*' i*; <l- '.:•:■.- E„l2 10 0 ': 800 0 0 .'■,... ,i 01 • ; „ . , 8 „ 11, 2, 1 677 -7 1 „'lOl " ,; T ,',' 915 5 986 17 1 • „ l 148;: , • ■-„-, . iU „ 810 .0.1,258 0 o'. : ) ,y154 „ , V „ 7 5 7 1,120 19 10 .^lig" ; „ : W„ 6 2 1 736- *"7 11 , „ • . • ,i 74 - - .„ ■ .'X „ 4 19; 7 368 9,2 .. . '' ' '271 ','.»"". Y„.317 11 1,055 15 5 V ' ' ,; \ • 85' Jv *",V •■ Z „ 217 ;4-243 13 4 ' „127 . „■ AA „ -.117 7 370 311 „223 „ AB „ 018 5 20/, 6 11' „ 6 .„•; :,-• -T riot completed 120 0 0;*" „ Subscriptions paid in advance ... 89 13 0 :■•'-* j -16,384 11 8 . . „ Eeserve Fund Account 148 18 11 " „ "Withdrawal Account 124 0 0 . 272 18 11 .... „• Profit and Loss Account 8 1111 By -Cash in Bank to Credit of „ Suspense Account . ? . ........ .-,- -....,-......, ,471 12 11 Currjent Aocount ; . 738 17 7 7, "' : yy.' . ■'.■•■■•-■■■* : £17,137 15; 5 .--. £17,137 15 6 •: -,n. ,-* .*•• r. !.'.!, 7. - -.' " ■■■!■. .r ..... .We hereby^ certify that Aye have examined the Books of the above Society, together with the Securities for the Loans, and thatthe above is a'correct statement. : ' : ' -.:-■:.*-• H.EDWARDS, ) : •-•.''•>■ .''■'■• ROBT. M. SUNLEY, [ Auditors. '"" ; ', : ' r •"•; ' '■ !-. DANIEL BURN, '■ )\ ■ i WM. ROUT, .. ;, : ' . *7- ; '•'• ' : , :: - Se'cretiiry. ; PERMANENT BUILDING SOCIETY.— PROFIT -AND. LOSS ACCOUNT POR THE „ YEAR ENDING 31s^ MARCH, 1876. '*..-' • «■•.'•->: Db., . ; 7. ■; -.:■ Cb. .--,-<■ ' £ a:d. 1 .. .... , , . £.8. d. To Expenditure Account at Sept. 30, 1875... 73 18 6 By Balance to Credit' at March 31, 1875 7 410 U „ : Profit divided at Sept. 30, 1875-.*.."- .',. ;527; 4* *2, „ Profit received for. half-year ending • ' „ Expenditure Account at March 31, 1876 77,17 11 > Septepiber 30, 1875 ... t ... . 600 11 2 „ Profit divided at March 31," 1876 ' .„ 6?5 5 9,, Profit received' for half-year ending „ Balance fo Credit at'Mafch 3l.lß76 ;i. 8 1111 ' March 31, 1876. J. ..v. ... ... 707 15 1 --'--• - '1 ■ - .7/vr: £1.312 !17 2 H -.- • -. ■.■■ £1,312 17 2 : ■ •: ■"•'.'; '->:•'•••.■'■ --«i '■■'"':-■/■ ' ■ ;■..; - WM. ROUT, !.•■-■• • 1576 -"•*-■; " ■">-:■■' •'*; •■ ;•■'■"• ■ v ''■ = ! ;, , . ;, .Secretary.

! y '- FpiJ isiGß^p^,'';,;' * '■;';,; GOT^TiAGE and 7 la- Collingvfbdd street.'.'-' : - '" .-' '7 .i 7 - „' , ! . H, J. L. AUGAfIDE, 1450 Auctioneer. 1 '" " F 0' R '"'."sAaVM^: '"'•'. ': ——16 MUps from town, £410 '-j -i A ACRES of FLAT L\ND;fenced and S/jD down to gr ss ; 2 acruß of Orchard thriving ; with a re omy 6-robmed House; on the main'road; c-loj-e to the Railway Station. j -"' H.J. L. AUGAKDE, 1395 : '7. - f A'iictioneer. ' TO . BUf LDE R'SyAJj? D OTHERS. ; :'f . 'INVE'ST'M.'ENT !. . ; ; , -fl ACRE .0.-LAMD, 800 ft by -150 ft., at Ji 4»s. per Foot, in Bivok-street. „ ! /;' J Section "244, dolling wjood.\ ■" . '■' "\ ! H. 3. L. AUGARDE, i Auctioneer. j VfIHE foUowing VALU AB LE ifNVEST I MENTS, ready for immediate Business. 'House and 4 Acres Laud, #aiin"oa-' \ : - jroad * *U6O 6-illoomed House, Garden, &e^ColliDg r ... - j - ! wdod-street ! ' ' ■ v.. : "'.".'. ' "' »'. *223 House and Shop, Bridge-street ... £300 : '4 jJJouses, Houth-street, each ... £I'o 735 Acres Land, fenced.,. ..... ... £350 75 Acres La>d;fencediU " ... " ! " ..i- £500 Tea- roomed House, Collingwood-st. £410. 'i !6-(B oomcd Cottage, § Acre of land, do* £>20 '-lAnd in the Wood at £2 per foot t iL^nd,4f>x 20, Hardy-street ... ; ... £220 : • l Oht s A / crenear'Knilway '-.:'*' ... £450 ' -88 Acres Lao'd,' and 100 Acres Lense■~j ! hold, Cottle, Shetp, Houses, Fur- - li | niture. &c £800 '■ :.*4 'acres Land, Waimea-road £400 ' "1 jacre Land, Brook-street, 455. pw f00t, . , . "■ -H _Acra ot Land, House and Shop, WaV j - "-: mea-road ..'£soo 1 -^Tasmanian Hotel, Picton,, with .Lanrl ... £4pi) . : Tp Let, House abd 1 Land; Wata>-a'-road, at per an.num £40 ,H *j;L.IAUG_-BbB; I »."--'■ 'sa6P(> V' r ,";:/;;. a Auotioneer.