Taking into con sideration that this money also Avould come back into the Society Aveek after Aveek, and would consequently be lent orer and OA'er again, making compound interest The Society would then be one of the most flourishing in existence. This is a new place, consequently building mus' go on ; and if borroAvers cculd obtain the monc; i at a reasonable rate of interest, they avoulu prefer to do so, on account of tho weekly instal i ments. I also think that ;he borrowers should 1 participate in the profits in some slight degree, as an incentive for them to patronise the Society. Again, I think that a borrower, having a certain amount of stake in the Society, should be eligible for acting on the Committee; for everyone knows that opposition in any public bodies tends to make good laAvs. As at present the Com mittee consists of investing members, they are ; more inclined to make rules like those at present 1 in existence. It would take too much space to go fully into the matter, aa I intend to do at a , future time, probably at the meeting, when I | hope to have the support of both borro-wers and ! investors of this Society. Any member who h£^s riven his proxy not understanding, can nullity the same by attending the,meeting in person. j THOMAS STEADMAN, I Haymarket, Auckland. ! N.B.—Shareholders who have giA-en proxys ! must give 21 hours notice in Avriting to the Sec ! retary if they desire to annul them. A! UCKLAND PERMANENT CO OPERATIVE BUILDING AND INVESTMENT SOCIETY. i Office—93, Queen-street. i LOANS granted upon spproA _d securities of i Freehold or Leasehold Properties in sums of £20 | to £6,000, principal and interest being repayable in instalments, at the following rates for every j £100 borrowed:— Repayments extend- p „_ w pp _ Total amount ing over er n eeJ£' Repayable. s. d. £ s. d. 4 years 12 6 130 0 0 6 years 9 2 143 9 2 8 years 7 6 158 7 6 10 years 6 3 162 IS 3 DEPOSITS received at the following rates— 12.months or longer .. 6 per cent, per annum :7 day's notice _, _ J , JOHN BATGER, Secretary. X^l Q U I C X ' S * LIVERY AND BAIT STABLES, Victoria-street, Auckland. 