NORWICH BUILDING SOCIETY.
The latest report of the Norwich District Provident Permanent Benefit Building Society is a satisfactory one, showing an expansion for the year ended January 8th last which is the largest yet recorded. The total assets have more than doubled in the space of one year; the accounts show a total of £891,384, as compared with the previous amount of £439,225. During the year the sum of £484,601 was advanced on mortgage as compared with £200,648 in the preceding year. In the investment department the amount received was £459,984, including £386,521 from paid-up shares, as compared with the previous total of £201,100. The total receipts from all sources amounted to £594,765, as compared with £269,000 in the previous year. A sum of £15,000 has been transferred to the reserve raising it to £45,000, while there is a balance of £3,070 on profit and loss account, and a further balance of £4,305 to the credit of the Indemnity Fund, making the total of undivided profits £52,375.
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