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3 February 1950
In moving the adoption of the Directors’ Report and Statement of Accounts for the Year ended 31st October 1949, the Chairman (Mr C J Martin) said: “At the end of the previous year the Mortgage assets of the Society amounted to £189, 916 and this has risen, at the 31st October 1949, to £218, 435 – an increase of £28,519. During the past Financial Year a total of £65,290 was advanced on Mortgages, as compared with £61,765 in the previous year, and
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