27 FEBRUARY 1932, Page 32

ABBEY ROAD RESULTS.

Notwithstanding world depression and acute depression in this country, the' progress of the Abbey Road Building Society continues in striking fashion. There was a further increase during the past year, both in the number of share- holders and depositors, the figure now standing at 219,325, while the share capital and deposits have reached a total of £33,809,000. For the past year the directors have placed £389,000 to reserves, including complete- provision for trustee securities. The undivided profit—which includes the Reserve Funds—now reaches £1,130,000. As regards the liquidity of the balance-sheet, easily realizable investments amount to over £2,000,000. The Society's annual meeting will be held in the Queen's Hall on March 1st, when the special speakers are to include the Rt. Hon. Walter Runciman, M.P., and the new Head Office of the Society will be formally opened by. the Prime Minister on March 18th.

A. W. K.