PERMANENT INVESTMENT AND BUILDING SOCIETY.
The following is the annual report of the Masterton Permanent Investment and Building Society, to be presented to shareholders at the annual meeting ol the Society, to be held on Monday, October 4th, at 3.30 p m:—The Directors have pleasure iri submitting a balance sheet for the year ended 31st August, 1909, which, under existing conditions, must be considered satisfactory. The profit earned for the year is 7.17 per cent, and the financial position of the Society is stronger than it has ever been before. During the year the Society's permanent capital has been increased by the issue of 150 fully paid up shares of £lO each at a prem • ium of £1 per share. The shrinkage in both volume of business and percentage of profit is the natural consequence of the prevailing depre fasten. The Directors retiring by rotation at the annual meeting are Messrs Jas. Macara and Joseph Payton, who are both eligible for re-election. There are no other candidates.—J. C BODDINGTON, Chairman.
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Wairarapa Age, Volume XXXII, Issue 9607, 29 September 1909, Page 6
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170PERMANENT INVESTMENT AND BUILDING SOCIETY. Wairarapa Age, Volume XXXII, Issue 9607, 29 September 1909, Page 6
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