The Liverpool Standard and General Commercial Advertiser.
Liverpool, Merseyside, England, 1842-02-11 00:00:00

ROYAL WILLIAM SAVINGSzVUND,

AND BENEFIT BUILDING SOgrETY

Established according to Act of Parliant, Sixth and

Seventh William the Firyik.
TI.IE popularity which well-conductgr Building Societies
have acquired, is of itself a sufficient inducement for an
increase in the number.

Taking into consideration the safe and profitable invest.
meat of small or large sums of money, and the saving h►ebits
they inculcate to the humbler classes, it becomes a praise-
worthy object to offer a facility, by means of a new Society,
to piltiCif deStrOug to WWI themselves or the now-proved
advantages. and whose means may not enable them to take
up Shares in Societies of long standing.
Amongst the many noble Institutions for the benefit of
the humble and industrious, none have higher claims than
Building Societies upon the patronage and support of the
wealthy, the influential, and the philanthropic.
The ROYAL WILLIAM BUILDING SOCIETY is commenced
by a few members of the Liverpool and West Derby, and
Lancashire Union Building Societies; and the inducement
has been caused by the extraordinary prosperity of these two
Societies—the former having been established three-and-a-
half years, and realised a profit of £3O upon £2l paid ; and
the latter, two-and-a-half years, with a profit of Xll upon
V. 5 paid. Both these Societies have been conducted in a
careful, business-like manner; and as the ROYAL WILLIAM
will have the advantage of being managed by several mem-
bers of both, who are well acquainted with the necessary
details, it is hoped this will create a confidence and induce-
ment to many persons, who may hitherto have been timid
and hesitating, to enrol themselves as members, and partake
of the advantages now felt and acknowledged by thousands.
THE OBJECTS ARE—
Ist. To encourage saving habits.
2nd. To enable the Tradesman, Mechanic, or Artisan,
who may become a Member, to build or purchase for him-
self property.
3rd. To enable Members who are already possessed of
property encumbered by mortgages or otherwise, to pay off
such mortgages or encumbrances.
THE PLAN OF PROCEEDINGS IS AS FOLLOWS :

Each Person may become a Member on paying Two Shil-
lings and Sixpence per Share as Entrance Money, and Ten
Shillings per month on every Share he may choose to take ;
by doing which, he will be entitled to £l2O for each such
Share or Shares, at the termination of the Society. The
amount of the Subscriptions will, on the day after each
monthly meeting of payment, be deposited in a Bank, to be
chosen by the Society ; and so often as the Committee may
determine, a sale of Shares by ticket will take place, and the
highest bidder, after three several biddings among the Mem-
bers convened at a meeting, (of which previous notice will
always be given,) to be declared the purchaser; and the
premium and bidding, given by such purchaser for the prior
use of the £l2O on each Share he may so purchase, will go
to the funds of the Society, and serve, with the monthly
Subscriptions, to form other Shares, to be afterwards suc-
cessively sold. During the continuance of the Society, a
small sum per Share, as interest or redemption money, will
have to be paid by each purchaser.
THE BENEFITS ARE-

Ist. That the Member purchasing Shares from the Society
may give mortgage security on property he already possesses,
or which he may contemplate buying.
2nd. The Member may build with the money he obtains
from the Society, on being the successful bidder; half the
amount of the Shares purchased (subject to the decision of
the Committee), being advanced to him when the property
is covered in, and the remainder when completed.
3rd. The liberality these Societies exercise in their advances
upon property, by which the Member borrowing may be en-
abled to purchase property which he would not otherwise
have been able.
4th. The receipt by Members. at the termination of the
Society, of double the amount of money actually paid in by
them.
sth. The almost total absence of risk from loss, dishonesty,
or fraud.
6th. The opportunity afforded, for those having 10s. per
month to spare, of investing it at great advantage, when
such money might otherwise have been spent unprofitably.
7th. The much greater per centage realized in these Soci-
eties than allowed by Savings Banks.
Bth. That in these Societies a borrower is not placed at
the mercy or caprice of an individual ; the money borrowed
cannot be called in, whereby many serious penalties, in the
shape of new mortgage-deeds, &c., are avoided, and per-
chance, also, the property itself saved from a ruinous sacri-
fice.

9th. That a Member, making a judicious purchase of pro-
perty already tenanted, will find, in most cases, the rents
nearly, and in some cases quite, sufficient to meet the amount
he will have to pay into the Society per month.

The foregoing are some of the most striking features of a
Building Society and Savings Fund ; and it is presumed the
advantages of such Societies must appear so manifest, as to
render further observations unnecessary.
It will be perceived that the ROYAL WILLIAM SAVINGS
FUND AND BENEFIT BUILDING SOCIETY is intended to be
established on the principle of redemption, from a convic-
tion that such principle is the more equitable, and better
calculated for promoting the general interests of all the
Members, than the principle of non-redemption.
Numerous advantages have been conferred by Parliament
on these Societies, in the saving of stamp-duties and other-
wise.

The PROFITS of these and all other redemption Societies
are composed of—lst. Premiums. 2nd. Redemption Money.
3rd. Fines. 4th. Transfer Fees, on sale of Shares by one
Member to another.

Further information and particulars can be had from the
Rules, which will shortly be published.
The Provisional Committee will meet every WEDNESDAY
Evening, at Eight o'clock, for the admission of Members,
at Mr. DICKINSON'S, the Royal William, Pembroke-place,
Liverpool.
Prospectuses may be had, and every information obtained,
on application to Mr. DICKINSON, Royal William ; Mr.
BYFORD, Auctioneer, Clayton-square ; Mr. PERRIS,
Church-street ; or the Sec. pro tem.,
K. PARKS, Byrom-street.

THE first Physicians in the Kingdom now recommend
KELLY'S ESSENCE OF LIQUORICE AND
LINSEED, for giving immediate relief to Couuwiptive
persons, even where cure has been deemed hoOless ; and
for the sure cure of Coughs, Colds, Asthmaer Shortness of
Breath, Tightness of the Chest, and other' affeetions of the
Lungs. Letters, containing the mos4rateful accounts of
the surprising cures effected by this itivaluable Essence, are
daily being received. The foil Ig from G. F. COLLIER,
M.D., &c., &c.:—
{{ sir,—l have tried your fence of Liquorice and Lin-
seed in several obstinate cas s, and have found it more than
answer my expectations, in at once relieving bronchial irri-
tation," &c., Sce.
Sold wholesale by HANNAY, Oxford-street ; and retail by
SMITH, bookseller, Cleveland-square, Liverpool, and all
respectable medicine-venders in the kingdom, who will pro-
cure it, if ordered, in bottles at Is. lid. and is. 9d. each.