The Wairarapa Daily. MONDAY, SEPTEMBER 17, 1883. INVESTMENT SOCIETIES.

Wairarapa Daily Times, Volume 5, Issue 1485, 17 September 1883, Page 2

The Wairarapa Daily. MONDAY, SEPTEMBER 17, 1883. INVESTMENT SOCIETIES.

Putting by some little portion of aman's means against a.rainy day.is one of the best wordly maxims that can be inculcated. Those who put by are they who come to be substantial men in their after lives, Those who do not put by are they who, from infancy to old age, are always pressed for money and who never make headway in the struggle for existence. Saving i is a virtue, but it is one which it is easier to pieach than to practice. For those who do not possess a natural faculty for thrift the task is no easy one. • To be effective, it must be regular, continuous, and systematic The cultivation of a saving habit is no light task, but tlie difficulties of it are somewhat lightened by the facilities offered for investment by societies like those which are established in Masterton and Greytown, The principle on which societies of this kind is conducted is a monthly contribution of five shillings per share. There are few in the community, whether yonng or old,-who cannot once a month spare five shillings, and these monthly contributions accumulate in the' society till, with' In-ioi-m'i/, mey amount to fifty pounds, when this sum is paid over to the fortunate investor, There are a great many persons who o'arn fair wages] hut who never in the courso of their lives have at their command the sum of fifty pounds in hard cash, and the reason is that they have, never become members of an investment society, and by doing so trained themselves in a course of systematic saving. The Masterton and Greytown Investment Societies are well managed and are thoroughly reliable channels for investment. They are able year after year to pay from ten to twenty per" cent profit to investors, and they can do this because they are always turning over their' money. Every month contributions from investors and payments for interest flow in, and every month money is being lent out on mortgage.' Very few persons, comparatively speaking, invest in'them, but if things were as they should be--if the public were fully impressed witlr their advantages—there would be very few persons who' were not members of them. Any man with a limited income should take up one or two shares. The fifty or hundred pounds when it came in would be useful, It would be a provision against a rainy day, or it might pay off a mortgage or extinguish some debt which would otherwise ding like a millstone round a man's neck; or enable him to buy a freehold, or place him in a position to give a good education to a promising child. Each man can judge very well for himself the special use such a sum would'be to him, and each man can secure such a sum by becoming a member of one or the other of our local investment societies. Lads and lassies would do well if they could be persuaded;to join such institutions, A colonial lad s,ay of fifteen is usually careless about saying. He does not realize that hi eight or ten years he will want, as certainly asmight follows day, to get married, and that if he'only lays up fifty or a hundred pounds, for, that certain though remote contingency he will make a good instead of a bad start when he commences the most serious andresponsible term of his existence. Ho will not Jj'ayp 'to go into 'debt for furniture and filings, nntj.hang thereby the millstone round his neclf which he will carry to his giave, but will have the inexpressible advantage of a clear start, Last week we published a report of the annual meeting of the Masterton Investment and Building Society, and we recommend those who may happen to read this article to study tliat report diligently, and carefully weigh the advantages of joining such an institution, We have no desire to puff a local society, and all we have sajd is as applicable to the Greytown as well as the Masterton Society.. Our.object is to point out that these institutions are admirably adapted to meet-the.. requirements of working men '. and others who desire to save up.a sniali capital, We feel that there is too much debt and too little thrift in the community. These Societies.encourage thrift. They almost force it on their members. A man who joins one of them will find sooner or later that in the time of trouble his share in it will be his sheet anchor, and will bless the day when he became an investor.