A total of
L100,000 had been credited in the last five years. The reserve fund now
amounted to L34,119, which was nearly 7-1/2 per cent. on the whole
capital employed.
_The Birmingham Building Society, No. 1_, was established in May, 1842,
and re-established in 1853. It has now 1,580 members, subscribing for
shares amounting to L634,920. The last report states that during the
existence of the society over L500,000 has been advanced to members, and
that the amount of "receipts and payments" have reached the sum of
L1,883,444. Reserve fund is put at L5,000.
_The Birmingham Building Society, No. 4_, was established in June, 1846,
and claims to be the oldest society in the town. The report, to end of
June, 1883, gave the number of shares as 801-3/4, of which 563-1/4
belong to investors, and the remainder to borrowers. The year's receipts
were L10,432, and L6,420 was advanced. The balance-sheet showed the
unallotted share fund to be L18,042, on deposit L3,915, due to bank
L2,108, and balance in favour of society L976. The assets amounted to
L25,042, of which L21,163 was on mortgages, and L3,818 on properties in
possession.
_St.
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