Author Description

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1903 Excerpt:...of premium or interest received on money sold during the year: 5 per cent. Rate of profits distributed: first term, 24 per cent.; second term, 24 per cent. Number of members withdrawn during the year, 367 Present number of members 2,681 Present number of borrowers, 626 Present number of non-borrowers 2,055 Number of loans secured by first mortgage of real estate,... 466 Number of loans on shares, 260 Largest loan to any one member $5,000 00 Smallest loan to any one member,. 50 00 Amount of expenses of the corporation for the year ending Oct. 31, 1902,. 5,535 35 Bate of examination by commissioner: November 3. MERRIMACK CO-OPERATIVE BANK--LAWRENCE. t Incorporated April 2,1892. Commenced business April 28, 1892. J. J. Mahoney, President. C. J. Corcoran, Secretary. C. A. Mccarthy, Treasurer. Detailed Statement of Receipts and Disbursements for the Year ending Oct. 31, 1902. Number of shares issued during the year, 456 Number of shares now in force, 1,273 Number of shares now borrowed upon, 218 Largest number of shares held by any one member,.... 25 Number of shares withdrawn during the year, 236 Number of shares forfeited during the year, 15 Number of shares retired during the year, 35 Highest rate of premium or interest received on money sold during the year: 6 p«r cent. Lowest rate of premium or interest received on Inoney sold during the year: 6 per cent. r Rate of profits distributed: first term, 3 per cent.; second term, 3 per cent. Number of members withdrawn during the year 27 Present number of members 137 Present number of borrowers, 51 Present number of non-borrowers, 86 Number of loans secured by first mortgage of real estate,... 56 Number of loans on shares 23 Largest loan to any one member, $2,200 00 Smallest loan to any one member 50 00 Amoun...