The Sun.
London, England, 1862-12-02 00:00:00

ShareS in Shares Total
Qrs. ending progress. Complete. Shares. Receipts.
.................16..1
Dec. 24,1881 202 41 243 13,529 1 4
March 25, 1882 ~ 103 26 129 17,821 17 11
June 24, 1862 126 60 186 17,026 12 1
Sept. 30, 1862 563 18 581 15,426 11 1
.----- - - -
Totals to Sept
994 145 1,139 63,804 2 5
30, 1881 13,766 3,780 17,546 561,588 10 9
----
Grand totals to
Michaelmas 1862 14,760 3,925 18,685 625,392 13 2

Comparing the three first quarters in the above table with
the corresponding ones of the preceding year, the return
shows an increase of £622 Bs. Id. ; and, making allowance
for the sale of the Roehampton Mansion, which swelled the
total of last year's account, the cash receipts for the finan-
cial year of 1861-62, render it one of the largest returns
since the formation of the society. The total withdrawals
from September, 1852, to Michaelmas, 1862, are £179,541
18s. 3d.

The returns of the Register of the Order of Rights are as
follow :

Completed. Drawn. Seniority. Total.
4722 3175 1671 9568
Deduct Rights exercised on estates, &c.. 7258

Unexercised Rights
The last share number on the Register by seniority,
is No. 13,634, and the last share issued up to the 30th of
September, 1862, was No. 18,685. The subscriptions on
shares during the year 1861-62 were £23,075 10s. Bd., and
the cash received on deposit, under rule 45, amounted to
£14,203 16s. Bd. The subscriptions withdrawn on shares
were £23,031 13s. 3d., and on deposits £11,949 17s. 10d.

The total amount of subscriptions on shares now in the
society is £115,175 35. Bd., and total deposits £18,043 lls.
2d. During the past year the sum of £7,062 155. 4d. was
transferred from the share account to pay for allotments of
land, and the repayments of loans on land were £18,443
12s. 4d. The amount advanced in 1862 to allottees, who
borrowed reven-eighths of the cost of their land, was
£9,485 25. 11d. The total balance of advances to allottees
on land account is £30,741 6s. 6d. The sale of land on the
allotment of 1861-62, as per balance sheet, was £6,085 3s.
The sale of the stock on hand (being land previously
allotted), and by private contract, during the past year,was
£8,706 18s. 2d. The total sale of land in 1861-62, as per
prices on the plans, was 414,792 Is. 2d. The freehold
building plots for sale in various counties amount to
£70,205 2s. 6d. The grand totals of the sale of land to
Michaelmas, 1862, are £314,686 12s. 10d. The repayment
of advances for building, &c., during the past year, were
£8,430 15s. 4d. The amount advanced for building, &c.,
in 1862 has been £13,142 Os, 10d. The total
balance of advances for building, &c., is £36,202
7s. 2d The reserve fund is now £10,190 Os. Bd. The
balance sheet further shows, that after providing for
the guaranteed interest of 5 per cent. per annum on shares,
and 4 per cent. per annum on deposits, there remains an
available balance, out of which the board is enabled to de-
clare a bonus of 5 per cent. per annum for the financial
year ending Sept. 30, 1862, on all subscriptions paid on
existing uncompleted shares, in respect of which plots on
estates have not been taken. Such bonus of 5 per cent. per
annum will be added to the accounts of the several members
in their pass-books, as provided by the rules. Every pay-
ment into the society on shares not in arrear, and on the
register at the annual meeting, will thus realise 5 per cent.
per annum for. the year ending 30th Sept., 1862. Until
further notice, the rite of interest on completed shares, and
shares in progress paid a year in advance and upwards, will
continue at 5 per cent. per annum, payable half yearly, up
to Lady-Day and Michaelmas, the warrants for which will
be issued on the Ist of May and Ist of November. The
interest to be allowed for deposits, under Rule 45, will con-
tinue at 4 per cent. per annum, payable in warrants issued
at the same dates as the interest on shares. The quarterly
firttiOr were half
xegt"erlr
Hall, alterations and additions were made in the rules with
the unanimous assent of the numerous shareholders who
were present. A copy of the amended rules, certified on
the Ist of March, 1862, by John Tidd Pratt, Esq., the bar-
rister-at-law appointed to certify rules of building societies,
savings banks, &c., will be forwarded to each shareholder
with his pass-book, when it is sent to the office for the usual
annual audit. No change has been made in the funda-
mental principles of the society, but the members are now
more effectually protected, and their interests secured under
the new rules. The Hon. W. C. Duncombe, M.P., being
unable to continue his services, has resigned his place at
the board. The following members of the executive com-
mittee retire by rotation, but are eligible for re-election,
namely : 1. Lieutenant-Colonel Augustus Meyrick ;
2. the Hon. and Rev. W. Talbot, 3. H. W. Currie,
Esq. ; 4. C. E. Newcomen, Esq. ; 5. Henry Pownall,
Esq., who offer themselves for re-election. The
allotments during the past financial year were the
Queen's-road estate, London-road, Tunbridge Wells, being
a portion of the Woodbury-park estate, on the 16th October,
1861; the Beacon Hill and Northgate estates, Newark-
upon-Trent, on the 12th of February, 1862 ; the second
portion of the Roehampton estate, the fourth portion of the
Brighton estate, besides freehold houses thereon, and
ground rents on the Roman Road estate, North Bow, and
Battersea estate, on the 30th of April ; and the Putney
Heath estate, and the first portion of the Mersea-road, Col-
chester, on the 16th of August. The above allotments and
additional sales on the Roehampton and other estates, to-
gether with increased prices on sundry properties, have
brought the year's transactions to a successful close. The
Roehampton-park and Putney-heath estates are a remark-
able illustration of the advantages accruing from the system
followed by the Conservative Land Society, namely—in
disposing of portions of the land by private contract, and of
portions by allotment, the capitalist is thereby enabled to
erect a first-class villa with acres of pleasure grounds at-
tached thereto; and the smaller investor to building his
own house, with a sufficient quantity of land for garden
purposes. Thus, the estate now shows a number of hand-
some villas and convenient houses, which have vastly im-
proved the neighbourhood. As regards the Roehampton-
park estate,Alton-road is now completed, and Bessborough-
road is far advanced. These two new communications
completely open up the estate, and by judicious clearance of
the ground, fine views of Richmond-park and the Surrey
Hills have been obtained. Taking into consideration the
theand theg rea
tl
ea
rr gdee ivnecl
or epams ee
no
tf
pgorepantlaimtiopno,rwtanhiceehowf tilhlisreparnoltpefrtroym,
of building operations, the executive committee have set
apart, on the junction of Bessborough and Alton-roads, a
freehold site for the erection of a church. Communications
have been recently opened with the local and central Boards
of Works, for removing the brook intersecting the frontage
of the Putney-heath estate, and converting the same into
a sewer in Roehampton lane, for the benefit of the society's
frontages thereon. The Squatters' cottages, so long
a disfigurement at the corner of Back-street and
Roehampton-lane, have been acquired by the society
and pulled down, and the land added to the
estate. Ponsonby-road, on the Putney Heath
estate, will now be commenced, and Back-street widened.
Thus,may
ny
be u
s beentoha edt locality generally will be in every respect amelio-
rated, and the object of local improvement, which it has
g
always
added,
ehd, teh et
that
society'sa
ai mt
since
eteehs
estates,
executiveahteea,will
operationshave eom
of m
been
ti
he t e e
se toffeee
iesetttetyad attain a
vi Itne
tchoomtaldmitieeesnstcaoetfde, omnibus communication with London has been
ateo
temsteantetis wAiltlh
facilities
from Roehampton, in addition to the existing
within
the easy
ohi c uhtneseyhesetnataiomnse,efrt
soumeeeweheif:
cottages walking
erected
:hTeunßbar:dgese Wells, has
thereon,Clueeinn'as most substantial style, have been sold with the exception
one plot, and the four new roads, intersecting the estate
with the sewerage therein,
are nearly finished. Of the
Woodbury Park estate, there n
five acres for allotment,
which
willw only remains some five
The town of Tunbridge Wells has
been so much increased
take place in the spring.
of late years in extent and population,
that the early pur-
chase of the society of the Woodbury Park has improved
remarkably in value and importance. The parish autho-
rities of St. John's have lately acknowledged the society's
gift of the freehold site for church and parsonage by the in-
sertion of a tablet in the edifice recording the fact. Th
executive committee entertain great expectations
that a
the
Mersea-road estate at Colchester will prove of
considerable The
advantage to the town, as well as to the society.
perty, the subsoil of which is gravel and santjn
adjoinsrim- th
site of the barracks in course of erection ; and the
establish-
ment of a vast military station, similar to Aldershot, must
render necessary the erection of a number of fine houses.
both for business and habitable purposes. The enhance-.
ment of the value of land at Aldershot may reasonably be
regarded as affording a criterion, to appreciate the import-
ance of the purchase of the Colchester estate for the society,
The roads are now in progress of construction. A public
meeting was held in Colchester, on the 30th of July, Philip