Building Societies |
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Common terms and phrases
accounts accumulated Act of Parliament amount due annual annuity annum apply appointed arise arrear ascertain assets auditors balance due ballot barrister benefit building societies Birkbeck borrower Building Societies Act capital cent committee of management compound interest creditors deposit Deposit Accounts depositors directors dissolution dissolved enabled exceeding existence friendly societies funds granted house property incorporated investing members investing share investors JOHN HIGHAM landlord leasehold estate lender liabilities loan London LONDON COUNTY COUNCIL loss LUDGATE HILL margin of safety ment month necessary obtained officers paid payment peril person Portsea Island premium principal profit purpose rate of interest real or leasehold realised received Registrar of Friendly rent repayable repayment respect returns rules savings bank Secretary shareholders showing the amount societies established society's solicitor statute subscriptions tenant terminating societies tion transaction Trustee Savings Banks trustees Westbourne Park withdrawal
Popular passages
Page 32 - ... per month for each share, a stock or fund for the purpose of enabling each member thereof to receive out of the funds of such society the amount or value of his or her share or shares therein, to erect or purchase one or more...
Page 71 - Any number of persons may establish a society under this Act, either terminating or permanent, for the purpose of raising by the subscriptions of the members a stock or fund for making advances to members out of the funds of the society, upon security of freehold, copyhold, or leasehold estate, by way of mortgage...
Page 105 - ... and do pay over all the moneys remaining in his hands, and assign and transfer or deliver all securities and effects, books, papers, and property of or belonging to the said society in his hands or custody, to such person or persons as the said society shall appoint, according to the rules of the said society, together with the proper or legal receipts or vouchers for such payments...
Page 85 - Whether disputes between the society and any of its members, or any person claiming by or through any member, or under the rules, shall be settled by reference to the court, or to the registrar, or to arbitration : 10.
Page 35 - ... such society, any interest or dividend by way of annual or other periodical profit upon any shares in...
Page 80 - Act shall, so far as is necessary for the said purpose, have power to hold land with the right of foreclosure, and may from time to time raise funds by the issue of shares of one or more denominations, either paid up in full or to be paid by periodical or other subscriptions, and with or without accumulating interest, and may repay such funds when no longer required for the purposes of the society. Provided always, that any land to which any such society may become absolutely entitled by foreclosure,...
Page 32 - whereas certain societies, commonly called building societies, have been established in different parts of the kingdom, principally among the industrious classes, for the purpose of raising, by small periodical subscriptions, a fund to assist the members thereof in obtaining a small freehold or leasehold property, and it is expedient to afford encouragement and protection to such societies, and the property obtained therewith...
Page 134 - Act, and shall, in the discretion of the court, be liable either to pay a penalty not exceeding twenty pounds, and in default of payment to be imprisoned, with or without hard labour...
Page 33 - ... or other real or leasehold estate, to be secured by way of mortgage to such society...
Page 72 - Society the total amount so received on deposit or loan and not repaid by the Society shall not at any time exceed two-thirds of the amount for the time being secured to the Society by mortgages from its members...