OCR Text |
Show Building and Loan. The National Building & Loan Association As-sociation of Salt Lake city, which has quite a strong local branch in Provo, held its first annual meeting last week, having been in operation the past eleven months. During this time the dividends declared and credited to the shareholders equal 25 14-100 per cent, per annum on the paid-in capital. The auditing committee reported the following: fol-lowing: Cnsh In bank $ .l.me.-JS Fines due and uncollected 82.05 Advanced for examination examina-tion of title and recording record-ing 77.55 Due tbe Association on account of real eetat inortfre loans, stock loans, etc 490,WI2.23-S493.(8.n LIABILITIES. Sundry bills payable I 2,475.49 Due on loans pending- 3,597.11 Undivided profits 2.244.90 Liability to shareholders 4M,770.58 493,083.11 The officers elected for the following year are: II. P. Mason, president; Uoyt Sherman, vice-president; Boyd Park, treasurer; Hudson Smith, secretary; secre-tary; and these, with A. B. Richardson Richard-son of Park City and J. Fred Corker, form tlit board of directors. Clarence Grange, general agent,has gone East for the purpose of bringing cheaper money to the territory. |