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The Pamphlet Collection of Sir Robert Stout: Volume 69

Building Societies

Building Societies.

The number of registered Building Societies (the Registrar-General states) in the colony on 31st December, 1888, was 51. Of these two only were terminable societies; the rest were permanent. Returns had been received from 47, while the other three had not yet completed the first year of their existence. The total income of these 47 amounted during the year to £754,935, of which the deposits amounted to £306,312. The assets at the end of the year amounted to £1,043,980, and the liabilities to £1,044,349, of which the liabilities to shareholders, reserve funds, &c., amounted to £742,121; those to depositors, £271,546, and the balance to other creditors.