The Sun.
London, England, 1868-10-06 00:00:00

Qrs. ending Shares in Shares Total
progress. Complete. Shares. Receipts.
----
Dec 25,1567 .... 610
179 789 £54,268 9 8
March 25, 1863 .. 395 175 570 50,948 13 4
June 24, 1.,63.... 823 83 905 49,697 6 4
Sept. 30, 1563 ...... 418 89 507 33,428 10 2
2,245 526 2,771 188,342 19 6
Totals to Mi
chaelmas, 1867. 22,386 5,397 27,783 1,100,603 7 9
-- - ---
Grand totals to
Michaelmas, 186 24,631 5,923 30,554 1,288,946 7 3

The total withi

society(lBs2)
The total sale of

twals since the formation of the
) Michaelmas, 1868, are... £321,984 19 6
land for the same period

is •.. ... 583,650 15 1
The reserve fund to Michaelmas, 1868, is... 12,153 2 9
The last share number issued to September 30,1868, was
No. 30,554.
The estates allotted since the last Midsummer report
have been the following:—
]. Holloway (Upper), Middlesex, July 23.
2. Reigate (Red Hill), Surrey (East), Aug. 13.
3. Northampton (Kingathorpe), Northamptonshire,
Sept. 3.
It is a matter of congratulation that the final allotment
of estates by the society should have terminated with the
offering of such eligible building properties as those at
Holloway, Reigate, and Northampton. The first men-
tioned estate, in the parish of Islington, can only be re-
garded as the continuation of the streets of London ; the
second is beautifully situated within a short walk of the
Red Hill Station, with a frontage to the high road to
Reigate town ; and the last is a piece of land, within a
short distance from the centre of the town of Northamp-
ton, just outside the borough boundary, and therefore is
free from the town rates. The allotment at Northampton
took place after a public meeting, at which the Mayor pre-
sided, and at which Messrs. Currie and Winstanley, mem-
bers of the Board, attended as a deputation, to explain the
mode of selling land by allotment. The social advantages
presented by the society's system of investment, and of
making advances for building, were fully recognised at
the meeting, by the unanimous passing of a resolution,
expressive of confidence in the Conservative Land Society.
As intimated in former reports, the land business here-
tofore carried on by the society, will from the present
period be transacted solely by the United Land Company,
Limited. The respective Boards, by co-operation, will be
in a position to extend materially their operations—the
company, by enlarging considerably the dealing in land ;
and the society, by increasing building and other advances.
The society, freed from the purchase of estates, can
develope to a much greater extent the properties acquired
in twenty-six counties, by enabling the existing allottees
and the future purchasers of plots to build houses thereon.
The very prosperity, indeed, of the parent society caused
the demand for the loan business to be largely on the in-
crease every year, and the demand can now be met most
advantageously, inasmuch as the United Land Company,
Limited, with a fixed capital, can exclusively purchase
properties for which building advances, if required, will
each
otother,
be made by the other association. The society and the
action, will assist workingtogether,
double bal e cpoomwbeirnae
and
principle n
resourcesci ple of
being supplied by the mutual co-operation.

Tho Executive Committee have nominated Mr. Thomas
Russell, public accountant, and Mr. Newnham Winstanley,
as the two auditors on hehalf of the Board. The two
candidates to be elected by the shareholders at the present
meeting are Mr. W. R. Clemow and Mr. James Goad,
whose names have been duly advertised under Rule 30.
After this day's election the four auditors will meet in due
course to examine, audit, and report as to the accounts and
balance-sheet for the financial year ending September 30,
1868, to ba presented at the annual meeting early in De-
cember next.

The Executive Committee of the Conservative Land
Society, in entering upon its 17th year, feel that they will
be now enabled to carry out to a much greater extent than
heretofore the wholesome provisions of the Friendly So-
cieties' Acts. As a benefit building society, und_a- the
certified rules, advances will be made on freehold, lease-
hold, and other approved security ; such advances not
being limited in amount and extent, as was necessarily the
case when the society had to purchase the laud for allot-
ment.

It is impossible to over-estimate the valuo of benefit
building societies, socially and morally ; the working
thereof has been of incalculable advantage to all classes of
the community, not only as a safe and profitable invest-
ment, but also as enabling parsons to acquire land at a
cheap rate, and to build houses, so as to become their own
landlords. The Executive-Committee look forward, there-
fore, with confidence to the future of the society; whilst
they cordially thank the shareholders for their confidence
and support during the pa t 16 years.
(Signed) ItANELAGH, Chairman.
(Countersigned) CHARLES LEWIS GRUNEHIEN,
Secretary.