Page 5 Advertisements Column 1

Tuapeka Times, Volume II, Issue 63, 24 April 1869, Page 5

OP THE tcjapeka; mutual benefit SIEOCOSriD J^JSntfTTAX, K,ErOK,T, 1869. The Committee have much pleasure in being able to congratulate, the Shareholders upon the continued success of the Society. It will be seen by the Financial Statement annexed hereto, that the Committee have borrowed from private Sources the sum of £1250, at a -fauvrate of interest, thereby enabling them to meet the steady demand for money. In drawing attention to the Financial Statement of the past twelve months, your Committee have to report that the total number of Shareholders at present constituting fcbe Society is 91, representing a total of 491 Shares, of which (exclusive of last year's Investments) 56 have "been borrowed, the Premiums on which have realised £939 — being an average of £16 15s. 4d. ; while the Investments for the year amount to £3357 16s. 2d. It will be seen upon reference to the Balance Sheet, that the Profits of the Society for the year amount to £1422 ss. 10d., which, when divided by the number of Shares in the Society (491), will show a net profit per Share of £2 17s. lid. The value of each of such Shares at date, as may also be seen by Statement, is £12 os. 2d., a result highly satisfactory, and affording a sufficient proof of the great success and efficiency of the Society, which is further confirmed by the fact that the profits of this are at* least 30 per cent, over those of the previous year. In conclusion, your Committee beg leave to state that they have continued to exercise a due amount of caution in regard to the securities offered for their acceptance. -HOEACE BASTINGS (On behalf of the Committee).

1868. RECEIPTS. - 1868. EXPENDITURE. £ s. d. £ s. d. £ s. d. April 22. — To amount paid on account sundry April 22. — By Balance paid Bank debtors due at date - 206 9 9 , of N.Z. - - 427 16 0 I860: * - „ Printing Paybooks 614 6 April 22.— T0 Subscriptions - 1408 0 0 „ Books purchased ' 67 6 9' 6 „ Arrears do. 65 0 0 . „ Stationery and Ad- „ Redemptions - - - - 512 0 0 vertising - - 3 8 0 „ Arrears do. - - - . - 43 10 0 | „ Law Expenses - 16 14 11 „ Fines 84 5 0 „ Directors' Fees - 17 15 0 „ Arrears do. - - - - 11 3 3 „ Salary and Rent - 120 0 0 „ Premiums - 939 0 0 „ Fire-proof Safe - 23 19 0 „ Transfers 14 15 0 „ Interest- - - 20 1 5 „ Surplus 014 6 „ Auditors . 22 0 „ Rules ----- 112 0 „ Incidentals - - 015 6 „ Deficiency Refunded 8 16 0 „ Postage and Dnty „ Arrears of Insurance - - 5 2 6 Stamps - - 418 1 „ Cash borrowed - - - 1250 0 0 „ 222 17 11 „ Investments for year.33s7 16 2 „ Paid on account, of last year's investmts. 41 10 0 „ Insurance - - 5 2 6 3404 8 8 „ Sundry Debtors - 124 15 9 , •. „ Balance at Bank of ? N.S.W. - - 370 9 8 495 5 5 £4550 8 0 £4550 8~0 We, the undersigned Anditors of the Tuapeka Mutual Benefit Building and Investment Society, certify that we Jiave examined tlie above Accounts with the Books of the Society, and have also inspected the Laicrence, Apiil 22, 1869. - mortgages represented by investments, and declare , - > tlie same to be correct. William Hayes, . Secretary and Accountant. /«• „ Jonas Harrop ) . ■„. (B^ md) Chas. R. Twigge } A^or 5 . £ s. d. £ s. d. £ s. d. £ s. d. To 12 months' Subscription on By balance paid Bank of N.Z. - 427 16 0 491 Shares- - , - - 1473 0 0 „ Investments - - - 3357 16 2 „ Amount paid on act. arrears 206 9 9 „ Balance of Investment (1867) 41 10 0 „ „ unpaid - - - 20 16 9 „ Sundry Debtors - 124 15 9 227 6 6 „ Forfeitures (11 Shares) - 24 5 0 „ Cash Borrowed - - - 1250 0 0 „ Profits Appropriated (1868) „ Balance - ... 1422 510 —11 Shares at £2 7s 3d - 25 19 9 50 4 9 „ Balance at Bank of N.S.W. 370 9 8 £4372 12 4 £4372 12 4 • . . PBOPIT JL2TTS LOSS. : , £ s. d. . £ s. d. £ s. d. Premiums - -, ,- -- • - - - 939 0 0 Bad Debts 20 16 9 Redemptions - - . - " - - 655 10 0 Charges as per Expenditure Act. 222 17 11 Fines ----- r - - - 95 8 3 . 223 14 8 Transfers - - - - - - ' - 14 15 0 ' Balance 1422 510 Rules - - *■ - ,- - - . - 112 0 Surplus ..'-•-..-. 0U 6 . Forfeitures as per, Financial Statement 50 4 9 Deficiency Refunded 8 16 0 > £1666 0' 6 £1666 0 6

STATEMENT Shewing the, Nwnber of Shares in. the Society, with the Total Amount of Subscriptions, and the Amount of t - Stfbsci-iption on each Share, with the Total Profits and the Profit on each Share, at the end of each year; d*a, the Value of each Share on MooJes of Society at date:—* ' Number of Total Suhscrip- Sixb- Value of each date. ' Shares at tions for 15 80n Pto° n P«»<1 Total Prodts Profit on each Share on Socie•Date. months to date each Share up to date. • Share to date, ty's Books at to date. \ date. April 22, 1868. 603 £1882 H> 6 £3 15 0 £1186 12 £2 73 £62a K23, 18Q& 491 147 a 0 0 300 1422 510 217 11 51711 ' Total Value of eacS Share on Society's Books at Date* - £12 0 2 I , *■,■■■'■!■■-.* 1 . ",1 " ■ r ■■-■ ' ' * - L - , „ , . . ... a vr r"r "~ 1 ' ' ' — — — L ' TO, HAVES, ( Secretary.