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The Pamphlet Collection of Sir Robert Stout: Volume 88

XXIX

XXIX.

Rules to Come in [unclear: once on]

These Rules shall commence and take effect on the First day of January, 1878, and the Rules hitherto in forcc—except so far as they affect shares taken up and advances [unclear: made] thereunder—shall be rescinded from and after that date.
page 19
INVESTOR'S SCALE OF PAYMENTS ULTIMATE VALUE OF SHARE, £50. Investment at 7 per cent Compound Interest (interest computed annually, and allowed monthly). Subscription, 5s. a month. The Table shows the Value of a Share for each Month after payment of the month's subscription, irrespective of the profits as provided by the Rule. First Year. Second YEAR. Third Year. Fourth Year. Mth. £ s. d. Mth. £ s. d. Mth. £ s. d. Mth' £ s. d. 1 0 5 0 1 3 5 4 1 6 9 11 1 9 19 0 2 0 10 0 2 3 10 8 2 6 15 7 2 10 5 1 3 0 15 0 3 3 16 0 3 7 l 4 3 10 11 3 4 1 0 0 4 4 1 4 4 7 7 1 4 10 17 4 5 1 5 0 5 4 6 9 5 7 12 9 5 11 3 6 6 1 10 0 6 4 12 1 6 7 18 6 6 11 9 7 7 1 15 0 7 4 17 5 7 8 4 3 7 11 16 9 8 2 0 0 8 5 2 9 8 8 9 11 8 12 2 10 9 2 5 0 9 5 8 1 9 8 15 8 9 12 9 0 10 2 10 0 10 5 13 6 10 9 1 5 10 12 15 1 11 2 15 0 11 5 18 10 11 9 7 1 11 13 1 3 12 3 0 0 12 6 4 2 12 9 12 10 12 13 6 4 Fifth Yeah. Sixth YEAR. Seventh Year. Eighth Year. Mth. £ s. d. Mth. £ s. d. Mth. £ s. d. Mth. £ s. d. 1 13 12 11 1 17 12 0 1 21 16 8 1 26 7 3 2 13 19 6 2 17 19 0 2 22 4 2 2 26 15 3 3 14 6 0 3 18 6 0 3 22 11 8 3 27 3 3 4 14 12 7 4 18 13 1 4 22 19 2 1 27 11 4 5 14 19 1 5 19 0 1 5 23 6 8 5 27 19 4 6 15 5 8 6 19 7 1 6 23 11 2 6 28 7 4 7 15 12 3 7 19 14 1 7 21 1 8 7 28 15 5 8 15 18 9 8 20 1 1 8 21 9 2 8 29 3 5 9 16 5 4 9 20 8 1 9 24 16 8 9 29 11 5 10 16 11 11 10 20 15 2 10 25 4 2 10 29 19 6 11 16 18 5 11 21 2 2 11 25 11 8 11 30 7 6 12 17 5 0 12 21 9 2 12 25 19 2 12 30 15 6 NINTH Year. Tenth YEAR. ELEVENTH YEAR. Twelfth. Year. Mth. £ s. d. Mth. £ s d. Mth. £ s. d. Mth. £ S. d. 1 31 4 2 1 36 7 10 1 41 18 9 1 47 17 6 2 31 12 9 2 36 17 0 2 42 8 7 2 18 8 0 3 32 1 4 3 37 6 2 3 42 18 5 3 18 18 6 4 32 9 11 4 37 15 5 4 43 8 3 4 49 9 1 5 32 18 6 5 38 4 7 5 43 18 1 5 49 19 7 6 33 7 1 6 38 13 9 6 44 7 11 6 50 10 1 7 33 15 8 7 39 3 0 7 44 17 9 8 34 4 3 8 39 12 2 8 45 7 7 9 34 12 10 9 40 1 4 9 45 17 5 10 35 1 5 10 40 10 7 10 46 7 3 11 35 10 0 11 40 19 9 11 46 17 2 12 35 18 8 12 41 8 11 12 47 7 0

Table A

page 20
20 table b. Showing Borrower's Repayments per Share of £50, Principal and Interest included, when the rate is 8 per cent. TABLE showing the proportion in which each Monthly Payment per Share of £50 under Table B is applied in Payment of Interest and Repayment of Principal. Class. Monthly. Quarterly. Half-Yearly. First-class—14 years... Second " 12 " Third " 10 " ... Fourth " 8 " Fifth " G " ... Sixth " 4 " Seventh, 2 " £ s. d. 0 10 4 0 11 3 0 12 7 0 14 6 0 17 11 1 4 9 2 5 7 £ s. d. 1 11 3 1 14 0 1 18 1 2 3 10 2 14 2 3 14 10 6 17 9 £ s. d. 3 3 2 3 8 9 3 16 11 4 8 8 5 9 6 7 11 6 13 19 0 Years. Month 1st Class. 14 Years. 2nd Class. 12 Years. 3rd Class. 10 Years. 4th Class. 8 Years. 5th Class. 0 Years. 6th Class. 4 Years. 7th Class. 2 Years. P. I. F I. P. I. P I P. I. P I. P. I. s. d. s. d. s. d. s. d. s. d. s. d. s. d. s. s. d. s. d. s. d. s. d. d. s. d. 1 1-6 3 1 7 3 4 0 7 3 5 4 7 3 7 5 7 1 10 10 7 1 17 10 6 11 39 0 6 7 1 7-12 3 4 7 0 4 3 7 0 5 8 0 11 7 9 0 9 11 4 6 7 18 8 0 1 40 9 4 10 2 1-0 3 5 0 11 4 6 0 9 5 10 0 9 8 1 0 5 11 10 0 1 19 5 5 4 42 0 3 1 2 7-12 3 7 0 9 4 7 0 8 0 2 0 5 8 5 0 i 12 4 5 7 20 1 4 5 14 5 1 2 3 1-0 3 9 0 7 4 10 6 5 0 5 0 2 8 10 5 8 0 21 2 3 7 3 7-12 3 11 0 5 5 1 6 2 0 8 5 11 9 2 5 4 13 6 4 0 22 1 2 8 4 1-0 4 1 0 3 5 3 0 0 7 0 5 7 9 7 4 11 11 1 3 10 23 1 1 8 4 7-12 4 3 0 1 5 6 5 9 7 3 5 4 10 0 4 0 14 8 3 3 21 1 0 8 5 1-0 4 0 5 10 5 9 5 6 7 7 5 0 10 5 4 1 15 3 2 8 5 7-12 4 8 5 8 5 11 5 4 7 11 1 8 10 11 3 7 15 11 2 0 6 1-0 4 10 5 0 0 3 5 0 8 3 4 4 11 1 3 2 10 8 1 3 6 7-12 5 1 5 3 0 6 4 9 8 7 4 0 11 10 2 S 17 5 0 0 7 1-6 5 3 5 1 0 10 1 5 9 0 3 7 12 5 2 1 7 7-12 5 6 4 10 7 1 4 2 9 5 3 2 12 11 1 7 8 1-6 5 9 4 7 7 5 3 10 9 9 2 10 13 6 1 0 8 7-12 0 0 4 4 7 8 3 7 10 3 2 4 14 1 0 5 9 1-0 0 3 1 1 8 1 3 2 10 8 1 11 9 7-12 0 0 3 10 8 5 2 10 11 2 1 5 10 1-0 0 9 3 7 8 9 2 0 11 7 1 0 10 7-12 7 1 3 3 9 2 2 1 12 2 0 5 11 1-0 7 5 2 11 9 7 1 8 11 7-12 7 9 2 7 9 11 4 12 1-6 8 1 2 3 10 5 0 10 12 7-12 8 5 1 11 10 11 0 4 13 1-6 8 9 1 7 13 7-12 9 2 1 2 11 1-6 9 0 0 10 14 7-12 1 0 4

Table B

page 21
21 Showing Borrower's Repayments per Share of £50, Principal and Interest included, when the rate is 9 per cent. Table showing the proportion in which each Monthly Payment per Share of £50 under Tabic C, is applied in Payment of Interest and Repayment of Principal. Class. Monthly. Quarterly. Half-Yearly. First-class—14 years... Second " 12 " ... Third " 10 " ... Fourth " 8 " Fifth " 6 " ... Sixth " 4 " ... Seventh, 2 " ... £ s. d. 0 11 0 0 11 10 0 13 2 0 15 1 0 18 7 1 5 4 2 6 1 £ s. d. 1 13 3 1 15 1 19 10 2 5 7 2 16 2 3 16 8 6 19 5 £ s. d. 3 7 4 3 12 5 4 0 7 4 12 4 5 13 9 7 15 2 14 2 3 Years. Months. 1st Class. 14 Years. 2nd Class. 12 Years. 3rd Class. 10 Years. 4th Class. 8 Years. 5th Class. 6 Years. 6th Class. 4 Years. 7th Cluss. 2 Years. P. I. P. I P. I. P. I. P. I. P. I. P. I. s. d. s. d. s. d. d. s. d. s. d. s. d. s. d. s. d. s. d. s. d. s. d. s. d. s. d. 1 1-6 2 10 8 2 3 9 8 1 5 1 8 1 7 1 8 0 10 6 8 17 8 7 10 38 8 7 5 1 7-12 3 1 7 11 4 0 7 10 5 4 7 10 7 5 7 8 11 1 7 6 18 4 7 0 40 8 5 5 2 1-6 3 2 7 10 4 2 7 8 5 7 7 7 7 10 7 3 11 7 7 0 19 4 6 0 42 7 3 6 2 7-12 3 4 7 8 4 6 7 5 5 11 7 3 8 3 6 10 12 2 6 5 20 2 5 2 41 9 1 4 3 1-6 3 7 7 5 4 7 7 3 6 2 7 0 8 7 6 6 12 9 5 10 21 3 4 1 3 7-12 3 8 7 4 4 10 7 0 6 6 6 8 9 0 6 1 13 4 5 3 22 3 3 1 4 1-6 10 7 2 5 1 6 9 6 9 6 5 9 6 5 7 11 1 4 6 23 4 2 0 4 7-12 4 1 6 11 ft 3 6 7 7 2 6 0 9 11 5 2 14 8 3 11 24 610 10 5 1-6 4 3 6 9 5 7 6 3 7 5 5 9 10 5 4 8 15 5 3 2 6 7-12 4 6 6 6 ft 10 6 0 7 10 ft 4 10 11 4 2 16 2 2 5 6 1-6 4 8 6 4 6 2 5 8 8 3 4 11 11 5 3 8 17 0 1 7 6 7-12 4 11 6 1 6 6 5 5 8 7 4 7 12 0 3 1 17 11 0 8 7 1-6 5 2 5 10 6 9 5 1 9 1 4 1 12 8 2 6 7 7-12 5 4 5 8 7 1 4 9 9 6 3 8 13 2 1 11 8 1-6 5 8 5 4 7 6 4 5 9 11 3 3 13 11 1 2 8 7-12 6 0 5 0 7 9 4 1 10 5 2 9 14 7 0 6 ! 1-6 6 2 4 10 8 2 3 8 11 0 2 2 9 7-12 6 7 4 5 8 7 3 3 11 6 1 9 10 1-6 6 10 4 2 9 0 2 10 12 1 1 1 10 7-12 7 3 3 9 9 4 2 6 12 8 0 6 11 1-6 7 6 3 6 9 10 2 0 11 7-12 7 11 * 1 10 4 1 6 12 1-6 8 4 2 8 10 11 0 11 12 7-12 8 8 2 4 11 6 0 5 13 1-6 9 2 1 10 13 7-12 9 7 1 6 14 1-6 10 0 1 0 14 7-12 10 n ' 0 5

Table C

page 22
22 TABLE. D Showing Borrower's Repayments per Slmre of .650, Principal and Interest included, when the rate is 10 per cent. Table showing the proportion in which each Monthly Payment per Share of £50, under table I) is applied in Payment of Interest and Repayment of Principal. Class. Monthly. Quarterly. Il A T.F-YEARLY. _ £ s. d. £ s. d. £ s. d. First-class—14 years . . 0 11 8 1 15 4 3 11 8 Second " 12 " 0 12 6 1 17 11 3 16 !) Third " 10 " 0 13 ! 2 1 8 4 4 5 Fourth " 8 " 0 15 8 2 7 6 4 16 2 Fifth " 6 " ... 0 10 0 2 17 7 5 16 8 Sixth " 4 " ... 1 5 10 3 18 3 7 18 7 Seventh., 2 " 2 6 7 7 1 1 14 5 11 years. Months. 1st Class. 14 Wars. 2nd Class. 12 Years. 3rd Class. 10 Yearn. 4th Class, 8 Yrars. 5th Class. 0 Years. 6th Class. 4 Yearn. 7th Class. 2 Years. P. I. P. I. P. I. P. I. P. I. P. I. P. I. s. d. s. d. s. d. s. d. s. d. s . d. s. d. s. s. d. s . d. s. d. s. d. 1 1.6 2 8 9 0 3 6 9 0 4 9 9 0 6 9 8 11 10 2 8 10 17 2 8 8 38 5 8 2 I 7-12 2 9 8 11 3 9 8 9 5 1 8 8 7 2 8 6 10 9 8 3 18 1 7 9 40 0 0 1 2 11 3 0 8 8 3 11 8 7 5 5 8 4 7 7 8 6 11 5 7 7 10 2 0 8 42 8 3 11 2 7-12 3 2 8 6 4 2 8 4 5 8 8 1 8 0 7 8 12 0 7 0 20 1 5 9 45 1 1 0 3 1-6 3 3 8 G 1 5 8 1 6 11 7 10 8 6 7 3 12 7 0 5 21 3 4 7 3 7-12 3 6 8 2 4 7 7 11 3 7 6 8 10 6 10 13 4 5 8 22 5 3 5 4 1-0 3 8 8 0 4 10 7 8 0 8 7 1 9 4 6 4 14 0 5 0 23 7 2 3 4 7-12 3 10 7 10 5 2 7 4 7 0 6 9 9 11 5 9 14 9 4 3 24 11 011 5 1-0 4 1 7 7 5 5 7 1 7 4 6 10 4 5 4 15 7 3 5 5 7-12 4 4 7 4 5 8 0 10 7 9 0 0 11 0 4 8 16 0 2 0 0 1-0 4 6 7 2 6 0 0 6 8 2 5 7 11 0 4 2 17 3 1 9 6 7-12 4 9 0 11 6 4 0 2 8 7 5 2 12 2 3 6 18 4 0 8 7 1-0 5 1 0 7 6 8 5 10 9 1 4 8 12 10 2 10 7 7-12 5 3 6 5 7 1 5 5 9 7 5 2113 0 2 2 8 1-6 5 7 0 1 7 5 5 1 10 1 3 8 14 3 1 5 8 7-12 5 11 5 9 7 10 \ 8 10 8 3 1 15 1 0 7 9 1-0 6 3 5 5 8 3 4 3 11 3 2 6 9 7-12 0 0 5 2 8 8 3 10 11 10 1 11 10 1-0 6 11 4 9 9 2 3 4 12 5 1 4 10 7-12 7 3 4 5 9 8 2 10 13 2 0 7 11 1-0 7 8 4 0 10 2 2 4 11 7-12 8 1 3 7 10 9 1 9 12 1-0 8 7 3 1 11 3 1 3 12 7-12 9 0 2 8 12 0 0 6 13 1-6 9 6 2 3 13 7-12 10 0 1 8 11 1-0 10 0 1 2 14 7-12 11 2 0 6

Table D

page 23

At a Special General Meeting of the Investment Shareholders of "The Permanent Investment and Loan Association of Canterbury," held in Mr. Charles Clark's Auction Room, Hereford Street, Christchurch, on Friday, the 28th day of December, 1877,

It was moved by Mr. C. W. Turner:—

"That this meeting approves and adopts as the rules of the Association those now submitted by the Directors, and of which a copy has been sent to the address of each Shareholder, in terms of the 'Building Societies Act 1876,' with the insertion of the following words : Under rule 5—' That the Directors whose names are prefixed hereto, shall continue to be the Directors of the Association, subject to retirement as hereinafter provided.' That the blank in that part of rule 5 relating to the remuneration of the Directors, be filled up with the sum of '£300.' That rule 6 be amended by the excision of the words' 2000 A Capital shares 'and the insertion in lieu thereof of the words' £10,000 paid-up.' That to rule 7 be added the words 'and be held by Shareholders only.' That to rule 12 the following clause be added, 'A shares shall not be withdrawn.' That to rule 14 be added the words' The profits on the A shares shall be paid annually.' That the following clause in rule 18 be expunged, 'provided that any advances to members upon their B Investment Shares shall not in any case exceed the amount actually paid upon such shares at the time of making such advances.' That the words 'provided that no advance be made upon A Capital shares,' be added to rule 18. That the rules shall commence and take effect from the 1st day of January, 1878."

Seconded by Mr. W. R. Mitchell, and unanimously agreed to.

We, the undersigned Investment Shareholders of "Ihe Permanent Investment and Loan Association of Canterbury," do hereby certify that we were present at a Special General Meeting of Shareholders of the said Association, held in Mr. Charles Clark's Auction Room, Hereford Street, Christchurch, on Friday, the 28th day of December, 1877, and that the foregoing resolution was unanimously passed.

Robert Wilkin, (Chairman of the Meeting).

F. E. Wright.

J. J. Thomson.

John Lewis, (Manager).