The Thames Land, Building, and Investment Society.

Thames Star, Volume XIV, Issue 4554, 9 August 1883, Page 2

The Thames Land, Building, and Investment Society.

The twelfth annual meeting was held last evening; Dr Kilgour presiding. The directors reported that the general., transactions have been larger than lait year; but that inconsequence of tightness in the money market shares have been withdrawn to the extent of £1787. The. capital has been fully employed, in addition to the usual business, by advances to shareholders on their paid up shares, and mortgages on country lands. Loans are now granted on quarterly repayments, and for extended periods np to ten years on freehold farm lands. No bad debts have been Written off, but the sum of £50 has been added to the reserve fund, which now stands at £250, to meet any losses which cannot be recovered. A dividend of 2| per cent. interest, in addition to .the, 7^,per cent, credited to shareholders is now*, payable. Two members of Committee require to be elected in place of John Read and F. C. Dean,'who now retire by rotation, bat are eligible for re-election.—James Eilgotjb, Peteb Lamb, James KENaHAW, Trustees.

Kec«iptß.—Bank of New Zetland, £1544 5* 9d ; subscriptions, £353 13s 6(1 '• redemp* lions, £6603 10s 5d;5 interest, {£I^l3B 8d: entrance fees, fines, rents, Ac.,'£l9s 8j lid. Total, £887^ 12s 3d.—Disbursements: Ad» vanceon mortgages, £6235 6s 8d; shares and interest withdrawn, £1787 4s lOd; office rent £52 ; general charges, £180 Oi 6d; • Bank of New Zaahnd, £617 Ob 3d. Total, £887112s ■ 3d. ■ • •-..-, Balance Sheet.—lnvesting shareholders, £8781 Is ,10d; 7i per cent, interest credited, £634 3s sd; suspense interest aooount, £2782 18s sd; small accounti, £7 lls 8d; dividend account, £215 6s; profit and loss new account, £250. Total, £12,721,1» 4d.—Mortgage accounts, £11,620 lls B'd'; office pro* mises and fittings, £458 9a sd; iron sufe and deed boxes, £25 ; Bank of New Zoaland, £617 Oi 3d. Total, £ 2,721 Is 4d. Profit and Loss Acoount. — Interest to sharehdlders, £684 3s 5d ; ofiiCß rent, £52; general charges, £180 o*6d; dividend account, £215 6a; balance to new account, £250. Total, £1381 9a lld.—By balanoe, £200]; by interest, £174 13s 8d; by interest accrued, £811 7s 4d;. by entrance fees, fines, rents, &c, £195 8s lid. Total, £1381 9§ lid; / Assets and Liabilities.—Mortgage accounts, £11,620. lls 8d j le s unaocrued interest, £278218s 5d.—£8837 13s 3d; office premises and fittings, £458 9s sd; iron safe and deed boxes, £25; Bank of New Zealand, £817 Of 3d. Total, £9938 2a lid.—lnvesting shareholders, £946 5s 3d ;* small accounts, £7 lls Id j dividend account, £215 6s Od; profit and loss account, £250. Total, £9938 2s lid. Messrs Dean and Bead were re-elected, and the Chairman called attention to the advantages of the Society's present facilities re withdrawals. Totes of thanks closed the meeting. yl;^-^