BUILDING SOCIETIES.
An Exchange says.—The extent to which business is done by some of the English building societies may bo gathered from the receipts during the year 1875 of the thirteen largest societies. These were as follows : —Queen’s Bridgestreet, Manchester, £914,4*8 ; Bradford Third Equitable, £790,725 ; Leeds Permanent, £607,986 ; Liberator Permanent, King William-street, E.C., £578,015 ; Halifax' Permanent, 968 ; London Provident £289,947; Northern manent, Newcastle-on-Tyne, £251,148 ; Planet, Finsbury-squaro, £239,106 ; Fourth City Mutual, London, £194,293; Sheffield and South Yorkshire, £126, 840; Perpetual, New Bridge-street, Blackfriars, £122,154; Monarch, Fins-bury-circns, £115,538; and the Woolwich Equitable, £105,544. To show how closely the work is carried on, it will be seen from the return that the balance of unappropriated profit in these thirteen largo societies amounts, exclusive of prospective interest, to only £134,137. And yet most of them pay something like 4 per cent, to depositors and a good percentage to shareholders, in some cases as much as 6 and 7 percent.
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Bibliographic details
Patea Mail, Volume III, Issue 228, 16 June 1877, Page 2
Word Count
155BUILDING SOCIETIES. Patea Mail, Volume III, Issue 228, 16 June 1877, Page 2
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