The Sun.
London, England, 1869-12-07 00:00:00

THE COIVSERVATIVE LAND SOCIE

r. ,

(THIS DAY.) ShDre
The seventeenth annual general meeting of the
holders was held this day, at the Norfolk-street ()face'
Viscount Ranelagh in the chair. d
Secretary (Mr. C. L. GRUNEISEN) having —,ll, re-
advertisement convening the meeting, the following;
port of the Executive Committee was submitted 10
It is the pleasing duty of the Executive Connitteefe.
submit this, their seventeenth annual report, to the sh3ds
holders, accompanied by a general statement of the fi?vti,
and effects of the Conservative Benefit Building Sc'ele
with the balance-sheet duly signed by the auditors. for
The annexed returns show the total cash receiPt°
the respective quarters of 1868-9, to the close of the 13r
,nt:year on the 30th of September, 1869:

sent:year on the 30th of September, 1869:
Qrs. ending
Shares in Shares Total Beeeictfl"
progress. Complete. Shares.
--
Dec. 25, IE6B .... 417 123 540 ..., ,36 020 10
9
March 25, 1869 .. :,16 110 6.6 42,M, 71/
June 24, 186 J...... 325 116 441 369,1,3' 911
Sept. 3'), 18,9 348 87 435 48
--
~ ,;..........0"
_ —.—
Four Qrs. ending
16036 15 0
Sept. 30, 1869.... 1606 131 2,012 3
Totals to Mi. ~46 7
chaelmas, 1883. 24,631 5,923 30,554 1,285,- ..----
Grand totals to Og
Michaelmas,lB69 26,237 6,859 32,596 1,45------19

Tho total withdrawals under the

since the formation of the society
to Michaelmas, 1869, are ...

rules
''1852) 0 4
... £356,880

The reserve fund (exclusive of office pre-

... £10,500 0

mises and furniture account) amounts
to ...

The last share number issued to Michael-

mas, 1869, was No. 32,596. ,;„g of
The four auditors appointed at the quarterly reee"-- e•
thecfe shareholders, on the 4th of October last, I:lamella' 31
mow and Mr. Goad, elected by the members, an
Russel and Mr. Newnbam Winsta,nley, nonsine'v
and
b 2, the board, under the certified rules, met on the 1614.„
o,th of November, verified the vouchers, books, ou,, ac-
t,
all the
duly signed the balance sheet, and eertified t
deeds and securities being deposited in the s Vol?
room. After leaving the reserve fund at X 10,500 (e°
sive of office premises and furniture account, which %VI:
stands at the present value of £2,718 18s.), the Well- st,
atco committee are enabled—lst, to provide for the inter° (1,
pietest
five per cent. per annum on shares (cern
orf paid a year in advance), and for the to et.
,o four per cent. per annum in deposit departinae
2d. To add to the accounts of members holding 1113cfillie;
eP
pleted invested shares, not in arrear (in respect of "s".
no interest has been paid), a bonus equivalent to Po
cent
per annum, and on shares paid a ear in advanu° the
upwards, a bonus of 0;210 per cent. will be added t° of
accounts in the pass-book. 3d. To pay to the hold doe
Completed shares one per cent. in addition to the uov,
per cent. already paid. Every payment on the sbareg
the register at the present annual meeting, not hail `s,,tle
faorrrear, will therefore realise six per cent. per apleB-6g,
As the present year ending the 30th Sept
regards the additional interest ember, Ito
which the holders of completed shares will' the
entitled by the above declaration of bOLIUS, A,/
of one per ce.,l:t" be
amount will be included in the half-yearly Lad, -j.st
interest warrants issued and payable on and after the to..
of May next (1870). The rate of interest on shares 'cwiti
plated, and those in progress (paid a year in advance) 'a the
remain for the present at five per cent. per annum, an will
half-yearly
warrants up to Lady Day and Michaelmas t of
be issued at the customary periods, namely, the of
1
May and the Ist of November. As regards the re,
store
interest for the deposit department, that is for inv./ 9,0,
who are not members of the society, it will remain of
changed at four per cent. per annum, payable halfl ea_e_
elt
on the Ist of May and the Ist of November, em
ously with the interest warrants of the share depertniege
The ordinary quarterly meetings of the members "40,
held on the 13th of March, the Ist of July, and thE
Coof October. The following members of the executive'
mittee retired by rotation, via., Viscount Ranelagh,
Brownlow Knox, Col. Jervis,
M•P , and T. Knox itatai%
.
Esq., and, being eligible, offered M.P.,
for fe-
tion. The Building Advance Department has niste,i,meles
progressed, owing to the purchases of estates 1" list
U i, the
United Land Company Limited. The annexod
the properties thus acquired will show how Mu° of of
society's business in advancing money for the
ere'or
houses for all classes of the community has been b e ei
fit d : —Mus well Hill, opposite the Alexandra ;veer-
Middlesex m d dlesex ; West Hill (Putney Common), Surrey' ; c'",:e-
ness, Kent; Wellingborough, Nos. 1 and 2, Northam'
shire ; Portsmouth (Landport), Hants ; Edgware
(Royston Hall), Middlesex, Forest Gate, Essex
Fields, Middlesex ; Willesden, Middlesex; Shee'!-,•:13
No. 2 ; HarroW Road and Kilburn, Hammere'%o;
Portsmouth, No. 2. Since the last bilance eat
for 1867-68 was issued, the co-operation With the
Laud Company Limited, as approved by the tee, if;
bers of the society, has been in full force, and the E2cece`fo
Committee are happy to announce, with the success NO.
was anticipated from the new system of combined actl°,9o
The members of the parent society have displayed gr' r
readiness to take shares in the United Land Corneae2.;
Limited, and the shareholders in the latter have bee
t
sensible of the advantages accruing from investn2ent.
vtro
the Conservative Benefit Building Society.
harmoniously on the mutual principle with the 110110...,
Land Company, Limited, the Executive Coramittee.
congratulate the members on having entered on the lot
teenth year with the prospects of continued Prosperity
the Conservative Land Society. _fag of
The report was unanimously adopted, and a vote
'thank tothe chairman terminated the prooodiDges