STRATFORD BUILDING SOCIETY.

Stratford Evening Post, Volume XXV, Issue 95, 24 April 1915, Page 2

STRATFORD BUILDING SOCIETY.

— 1 THE ANNUAL REPORT. 1 The following is the report The Directors of the Stratford Co- ; operative Building Society have plea- | sure in submitting the sixteenth Annual Report and Balance-sheet to the | meeting of shareholders which will be | held in the Foresters’ Hall, Stratford, on Monday, at 8 p.m. As regards the | First Group appropriations were made during the year of some £lßl9. Of , this £1*219 lias been paid, and the j balance of £G()U is available as soon j as satisfactory security is given.. These appropriations account for | shares in the Group, which has now I only forty-four unappropriated shares, ; j held by some twenty shareholders, i *At the present rate of progress, the . First Grou]> shares should all be clear- I jed off within a very short time. Ihe , I accrued profits of £1057 l'2s 9d equal -£9 2s 2d share. No losses have been 'made on any of the Society’s investments. The Society has now lent to members of the First Group the sum of £25,251. As regards the Second Group, seven appropriations amounting to £ 1 ■!00 were made during the year, of which sum £BOO has already been advanced, and the balance is available as soon as satisfactory security is forthcoming. A profit of £lO9 I-Is Id was made in the Second Group, part of which w£nt to extin- ) guisli the debit balance of £-12 12s <d existing at the beginning of the year, leaving a balance of net profit at the epd of the year of £57 Is 6d. The Directors consider that this is a most satisfactory beginning for the new Group, in view of the fact that so few ■ appropriations have, as yet, been sold* 1 There are still a few shares available to the public in the Second Group at the price of £6 2s Od per share. Speaking generally, the past year has been, so far as the Society is concerned, satisfactory, and one of quiet progress. You will he required to appoint three Directors to fill the vacancies on the Board caused by the retirement. through effluxion of time, of ( Messrs W. F. Clemow, •). McAllister, and G. B. Wilson, who are, however, all eligible for re-election. Mr E. C. D. Lightbonrne also offers himself as a candidate for the Board of Directors. It will also lie necessary to appoint an Auditor for the ensuing year. Mr T. H. Penn again offers his services.