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Show BUILDING SOCIETIES IN ENGLAND. ENG-LAND. Building societies in England, although al-though probably developed from tbo same idea or priuciplc ot cooperation as our Philadelphia societies, carry on a difivrent kiucl ol business. They have ordinary stock, preferred shares, aud accept money on deposit Ironi peirnons who have no interest in the societies aa members. The mnney, as with our societies, is lent chiefly 10 members, tbe loan being secured by bond and mortgage. Like other ache cues of cooperation, such aa stores and warehouses, they have been very popular in the matiu iacturing districts of Great Britain, An iiuperlcct Board ol Trade return shows the exiateuce in England and Wales of 561 Bocietiea, having 224,427 members. Six hundred hun-dred and seventy two societies (not all included in the Board olTr ide returns) re-turns) ho'd Becuritiea Or cash valued : 111 $115,000,000, of which forty million 1 dollars belong to depositors and other creditors aud the balance to members, mem-bers, either as c-ipital stock or profits. The returns show that 533 societies have a balance of unappropriated profit, amounting nearly to three million dollars, while 115 societies have lost, or are deficient about forly-fivu forly-fivu thousand dollar.-'. In Scotland there are thirty oue societies, with 11 a -ie la of about live and a half million dollars and yearly receipts of four million. Iu Ireland there aro eighteen Bor-ioties, with three and a h-if million dollars assets and yearly receipts of nearly three millions. There are no exact returns about Philadelphia societies, so-cieties, but they compare very favorably favor-ably with thoifl of Eoeland, since the number of societies is about the same and the aggregate assets have been estimated at about one half tbe assets of the societies in all England. |