WESTBOURNE PARK BUILDING SOCIETY.
At the recent annual meeting of this Society, Mr. E. W. Board. Chairman of the Directors, congratulated the members upon the most successful year in- the history of the Society; Shares-increaaed by £1,604,899 and now stand in the books at £8,055,530. Deposits, increased by £130,127 are,' he said, now secured:1)y .assets of £16 for every pound deposited. £3,015,288 has been advanced dune; the year on first charge mortgages. The-amount, of. mortgages", £8,583,046, secured on 16,844 properties, showing an average of £509. The Society paid 5 per gent. free of Income Tax on Invest' ment Shares, amounting to £355,142, and an additional bonus to shareholders entitled to same of £20,078. No less a sum than £65,242 was added to the Reserve, Which "stands at £309,000.
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