Show IN GOOD CONDITION 1 j The Showing Made by z7 B iiii S U S f > c A1M4n4 o f 812 Ser Ceot > BwUml The I JUeoilok 9f0tte rc AHeto and Liabilities C At the ninth annual meeting ofvZf m8 Benefit ajkl Building society the following officers oelecled T G Webber president William H Rowe vicepresident tj L S Hills treasurer treas-urer Thomas W Sloan secretary Directors Direc-tors H J Grant Arthur Parsons Elias A Smith W J Bateman A W Carlsou D A Swan Toomas Hull Rulon S Wells Oliver Hodgson Arnold Giauque Edgar Howel Auditors J H Burrows David McKenzie James M Barlow A general statement of the condition of the society made the following exhibit ASSETS Bills receivable 526337000 Cnshln 4 n Tuu k V 291 It 1 Delln9u nHutlCStmm h C33 09 Delinquent flues 3oj 45 Totaluu f < L iClvS2640 9 49 l r v LIABILITIES f SubscripiJoas rJl t 5209019 03 DividendsJ T 48380 3t 5 g g Reserve 4 54i9 OTi DndlvWed proms T u llll 10 TotaL L i S26609 19 A dfvldend of1 9 h per cent for the year was declared This is pWced to the credit of memoera thus enabling borrowers to hasten the payment of their obligations and aiding in the maturing of the stock of other members It was decided by tbe meeting that tho bitlaws be changed for the accomodation of those members who are desirous of bor rowingin order to erect homes but whoare unable to do so owinsr to the pressure upon the borrowing capacity of the society The contemplated amendment will enable the directory to hypothecate the trust deeds in its possession and borrow on them an additional ad-ditional 550000 in separate sums of 25000 each In this way the usefulness of the organization will be enlarged |