EQUITABLE BUILDING SOCIETY

Taranaki Daily News, Volume LI, Issue 264, 31 October 1908, Page 5

EQUITABLE BUILDING SOCIETY

MHie -seventh annual meeting of shareholder* eventuated in in Town Hall, New Plymouth, lat night. About ;50 sliareiiolders were present, Mr. E. Dockrill presiding. The report was pri•jented as follows an<. adopted:— "The directors lave again the plca•gnre of submitting to you the statements of accounts and balance-sheet for tile past year, which indicate the continued progress and prosperity of the Society, 'both groups, alter allowing for all working expenses, showing a substantial profit. During tlie year twelv* appropriations of £l5O luvv -been disposed of in the first group, and j loans have been advanced to the amount of £2320 !..« 2d; and twelve appropriations of £l*o have been disS* o»ed of in the second group and loans av-e been advanced to the amount of £1804; showing an increase of loans of £894 in the first and £538 in the .second group during the past year. This increase is certain to be continued in the future from the larger amount of redemptions that will be paid consequent on the increase of appropriations, hence very much enhancing the useful--ness of the society to its members. The profits of tire first group during the past vear amount to £95 2s, making a total of £690 13s 2d, equal tt ZBs 6d per share: and on the second iroup £« 15s 2d, making a total ot £233 Ms M. equal io 8s 2d per share. The subscribed capital at 3st August amounted to £13,014, *nd the total] amount of loans at the same date £l7 141 The directors have pleasure in stating that the securities held by ihe Society continue >o give every sat- ' fehction nad this is largely due to the K and care of the Valuation Co.mrftte* The appropriations by sale Sw all been tciideml for in excess of thlupset. prices, showing that sharenoWers are appreciating the very murn easier terms on which loan* can be ol» "Start from th- Society than in any oX wav. No changes have taken rittt >n tH« directorate dmw the KTsi£ ception. The directors appoint*.Mi C. T Mills to audit the accounts for this vear in aeordance with rule 74. Vou are called upon to elect im and for for the ensuing year. Mr. P. T. Mills off*.-; himself for reelection." , For the vacancies on the diiwtorate the three retiring directors and Mr. r. Hopkins were nominated. The election - resulted in the return "f Messr-. J'fierrv. W. N. Ewing and T>. Hopkin=. ' Mr. P. T. Mills was appointed auditor. Two appropriation* of £ ISO each in Mich, group were inbsomicntlv balloted for. Tn the firs! group Mr. T". T>. Corkin and in fH«" second srniin Mr- A. f.. Fisher were successful, each being on titled to £3OO.

WHY SOAIE FARMERS PROSPER. Farming is a business and takes us much running and brains a s any othi-r is., to make a success of it. The main reason of success is method. He does not tmst to luck like the rtlier fellow. One thing that he will be particularly methodical over is the drenching of his cows as they come ii>. He won't wait to see if they are going to get milk fever or some other ailment and thus save him the trouble and cost of drenching. Instead, he takes no risks, but administers the Drench cverv time. He has no further worry anil can give all his time and attention to other matters connected with the farm. Take a lesson from the prosperous farmer. Mr. George CoJson, Fitzroy, the wellknown cnttle dealer, savS: "Every farmer should try SykcsV Drench. I have used it and am pleased to state it is the best drench I have ever used. Farmers who have never tried it will do well to give it a trial, as it is mist invaluable." by the dozen. Better bv the dozen Write for booklet. Use only Sykes's Drench, beconse it ■* the best. Price la 6d packet or 16s by the dozen. Rotter buy it bv the dozen. Write for booklet. ' ' 3