The Roslindale Co-operative Bank, which began business in April, did not distribute any profits when it issued its second series of shares in October. A comparison of the rates at which profits have been distributed the past four years is shown by the following state The rate at which each individual bank has made its distribution of profits is, for the first time, shown in the statements of the banks, published in the succeeding pages. RECEIPTS AND DISBURSEMENTS. A consolidated statement in detail of the receipts and disbursements of all the banks during the year ending Oct. 31, 1898, is shown in the following table : Detailed Statement of Receipts and Disbursements Oct. 31, 1898. A comparison of the foregoing statement with the similar statement in the report for 1897 shows an increase of $164,283.49 in dues received and of $508,158.10 in dues charged out. The receipts for interest and premiums were $36,743.40 in excess of the sum received the preceding year. The item of real estate loans repaid is $123,365.61 in excess of the same item in the previous report; this is in part no doubt owing to the fact that a considerable number of loans have been cancelled, and treated as paid, in cases where the borrower has repurchased the amount of his loan at a rate of interest lower than originally agreed upon; in such cases the item of disbursements for real estate loans is correspondingly increased. The sum disbursed for expenses, say $125,766.25, is $9,820.12 in excess of the amount disbursed in the preceding year; the ratio of expenses to dues is 592 of one per cent., and of expenses to assets 487 of one per cent., both being slightly in excess of the rates in 1897. 1000 The disbursements for loans on real estate, say $6,161,457.59, is $123,652.85 more than in the year previous. SHARES MATURED. During the year ending Oct. 31, 1898, shares have reached maturity in 38 banks, the number of shares thus matured being 2,979. The average time required for the shares to reach maturity was 139 months; the average for the preceding year was 138 months. In the following table is given the names of those banks in which shares have reached maturity during the year, the number of months during which the shares had been in force, together with other details of facts connected with such maturity. The item number of real estate loans cancelled," given in similar tables heretofore, is omitted in this, as it would not be absolutely correct; inasmuch as in cases where more than one series of shares were pledged as security for a loan, only a portion of that loan would be cancelled by the maturity of one of the series, and some of the banks have in such cases given only the amount of such portion, and when a balance remained due on the loan, such loan was not included in the number of those cancelled. NAME OF BANK. Amesbury Co-operative Bank, 12 May, 1886, Jan., 1898, 141 203 37 10 33 19 ➢ ནཻ བྲྀ ཎྜ སྦྱ 3 2 3,000 00 3,493 33 30 4 2 4,800 00 6,044 10 62 10 7 2,000 00 6 1,850 00 12,608 94 Hudson Co-operative Bank, 22 21 33 34 11 3 2,400 00 2 580 00 4,216 17 6,838 08 11 6,776 88 59 12 5 3,050 00 2 530 00 12,077 30 |