BUILDING SOCIETY'S PROGRESS. Notwithstanding the great progress made by the
Abbey Road Permanent Building Society in its Jubilee year of 1924,
those results have been substantially exceeded during the past year, the new share capital and deposits during the year
being £1,132,000 against £912,000-in the previous year, while the total assets at the end of the year were £8,603,000, being an increase during the year of £950,000. The membership was increased by nearly 40 per cent., while some idea of the practical activities of the Society may be gathered from the fact that over £1,400,000 was advanced during the year on freehold and long leasehold securities, in each case, it is stated, with an adequate margin of securities, while the useful nature of the Society's operations is shown by the fact that, with but few exceptions, the loans were made to owner- occupiers. The Society has declared a further special bonus payable to holders of the second or current issue of fully paid shares, sufficient to increase the yield to 5 per cent. free of tax.
A. W. K.
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