HALIFAX BUILDING SOCIETY.
The latest report of the Halifax Building Society shows that by an increase during last year of £10,154,922 the Society's assets easily passed -the 1100,000,000 mark. The share and deposit funds now stand at £98,794,000, being an increase of £9,654,977, in spite of restrictions placed upon new invest- ments. The amount owing to the Society on mortgages increased by £8,491,555 and now stands at £78,099,086. Of the 198,922 borrowers on the books 155,059 are small home- buyers owing an average sum of £392 each. The Society's liquid assets, consisting of trustee investments and cash, amount to £23,898,257. In addition to interest the directors
recommend a bonus of 10s. per cent. to paid-up shareholders (Continued on page 372.)
Financial Notes
(Continued from page 371.)
Class 1, and of £1 per cent. to monthly subscription investing shareholders, making 4 per cent. and 4i per cent, respectively.
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