LAND SOCIETIES COMMISSION.

7

D.—No. 45.

4.— ls the Society terminable or permanent ? If terminable, at what period ? No. Character. When Terminable. 1. Terminable. ... ... ... August, 1869, la. Do. ... ... ... In four years from commencement. Ib. Do. ... ... ... Do. do. 2. Do. ... ... ... Expired 23rd May, 1868. 3. Do. ... ... ... In four years, or when £20 16s. per share is obtained. 4. Do. ... ... ... In ten years, or when £50 per share is obtained. 5. Do. ... ... ... Do. do. 6. Do. ... ... ... When £20 per share is obtained. 7. Permanent. ... ... ... (Originally terminable) 8. Do. 9. Terminable (originally permanent). About December, 1873. 10. Do. ... ... ... " Will terminate in about two years." 11. Do. ... ... ... In nine years from commencement. 12. Do. ... ... ... When £100 per share is obtained. 13. Do 14. Do. ... ... ... „ „ „ 15. Do. 16. Do. ... ... ... October, 1872. 17. Permanent. 18. Terminable. ... ... ... Ten years, or under. 19. Do. 20. Permanent. 21. Terminable. ... ... .., "In about seven or eight years." 22. Permanent. 23. Do. 24. Terminable. ... ... ... Probably in about seven years and nine months. 25. Do. ... ... ... When £25 per share has been obtained. 26. Do. ... ... ... About 1875. 27. Do. ... ... ... When £60 per share has been obtained. 28. Do „ £25 „ 29. Do „ £25 5. Do you consider terminable or permanent Societies the better, and why ? No. Preference. Reasons. 1. Terminable. Members wish to realize a certain sum at a given period. la. Terminable for borrowers. Permanent for investors. Ib. Terminable " on the whole." 2. Permanent. Giving greater security. 3. Terminable. More suitable for colonists, especially in small places. 4. Permanent. Terms could be absolutely fixed. Use is constantly found for funds, instead of being interrupted by termination of society. Period of loans could be varied to suit convenience of borrowers. (Same answer given by Nos. 5, 6, and partially by Nos. 20, 22, and 23). 6. Terminable. More suitable for colonists, especially in small places. 7. Permanent. Better, "if worked on an equitable principle." 8. Do. Trouble saved in investment of funds. 9. Terminable. Terminable more suited for small towns ; permanent for large towns. 10. Do. " Eor our purposes." 11. Do. Because of the fluctuation in the value of securities. (No. 12 gives same reason, adding, " especially for small communities.") 13. Permanent. Because there would be a more equal demand for the Society's capital. (Same answer given by Nos, 14 and 20.) 15. No answer. 16. Permanent. Eor the readiness with which members could be admitted, and greater certainty of results. (Same answer given by No. 17.) 18. Do. No reason assigned. 19. Both equally good. 21. Terminable for investors, permanent for borrowers. 22. Permanent. Terms for borrowers are more equitable. Profits can at any time be ascertained. There is less inducement to accept doubtful securities. Withdrawing shareholders are more easily dealt with. 24. Do. Work more uniformly. (Same answer given by No. 25.) 26, 27, 28, and 29. No answer. 6.— What is the monthly contribution for each share? Nos. 1, la, Ib, and 2. Bs. Bd. per month, payable weekly; 3. Bs. Bd. per month, payable fortnightly ;4. 55.; 5. 55.; 6. 35.; 7. 4s. ;8. 35.; 9. 35.; 10. 2s 6d.; 11. 55.; 12. 10s., " and sixpence working fee ;" 13. 10s. 6d. ; 14. 10s. 6d.; 15. 10s. 6d.; 16. ss. 6d.; 17. 2s. 6d.; 18. 10s.; 19. 55.; 20. 45.; 21. 10s.; 22. 10s. for terminable share, £50 at once for permanent share.; 23. 2s. fortnightly ; 24. 45.; 25. 3s. ; 26. 55.; 27. ss. ; 28. 45.; 29. 4s. 7.' — What amount will be payable in respect of each share at the termination of the Society ? 1, la, Ib, and 2. £20 165., with interest and profits ;3. £20 165., with profits ; 4. £50; 5. £50 ; 6. £20; 7. £25; 8. £20; 9. £20; 10. £25; 11. £50; 12. £100; 13. £100; 14. £100; 15. £100; 16. £50; 17. £25; 18. £120; 19. £60; 20. £25; 21. £120; 22. £50; 23. £25; 24. £30; 25. £25; 26. £60; 27. £60; 28. £25 ; 29. £25.