LAND SOCIETIES COMMISSION.

D.—Ne. 45,

9

13.— D0 you find that the system of selling shares by auction tends to make it more or less doubtful when the Society will terminate ? 1. Not in a terminable Society. 19. "It renders it doubtful." la, Ib, and 2. No experience. 23. No experience. 3. More doubtful. . 24. Premiums from sales will shorten term of 4, 5. Yes ; more doubtful. Society. 6. Not certain. 25. Same answer as last. 8. More doubtful. 26. Do not think it makes any difference. 10. More doubtful. 27. More. 12. Less doubtful. 28. (As Nos. 24 and 25.) Nos. 7, 9, 11, 13-18, 20-22, and 31 do not show in their answers whether they think it would be " more " or " less " doubtful. 14.— D0 you consider that the pecuniary necessities of shareholders frequently lead them to bid too high a discount at the sale of shares ? 1. Yes, at times. 13, 14. Occasionally, not frequently. la, Ib, and 2. No experience. 15. No. 3. No experience, but consider the auction system 16,17. Yes. a great evil. 18. In very few cases. 4. Yes, after an experience of twenty-four years. 19. Probably. 5. No experience. 20. Yes. 6. Most certainly. 21. Perhaps so. 7. Very frequently. 22. Necessity and ignorance combined. 8. Yes ; sometimes to a ruinous extent. 23. No experience. 9. Yes ; decidedly. On one occasion 81£ per cent. 24. Sometimes. given. 25. Has not observed it. 10. At times. 26, 27. No answer. 11. Yes ; most decidedly so. 28, 29. Have not found it so. 12. " In this Society, No." 15. — Does the Society mahe advances by way of ordinary mortgage — that is to say, without shares being realized ? If so, on what terms ? 1, la, and Ib. No. 16, 17. Not yet. 2. Yes ; at 8 per cent., payable half-yearly. 18. No. 3. None have been made. 19. Not yet. 4, 5. Yes, when capital accumulates, at 10 per 20, 21. No. cent. 22. Not vet. 6. Yes; at 10 and 12 per cent, 23. No. " 7. Yes, when capital accumulates, at 10 per cent. 24, 25; Yes. 8. 9, 10, 11. No. 26. No. 12. Not at present. 27, 28. Yes ; when shares are not taken, at 10 per 13, 14. Yes, when capital accumulates, at 10 and cent. 12J per cent. 29. No. 15. Yes; over £100, at 10 per cent.; under £100, at 12 per cent. 16.— Are such advances as are referred to in Question 15 made to shareholders only, or are they made to non-shareholders also ? 2. To shareholders only. 7. To either —shareholders in preference. 3. To shareholders only, as yet. Will probably be 12, 13, 14, 15. To either. made to others by-and-by. 19, 22. To either. 4,5. To non-shareholders only,all borrowers being 23. Shareholders only. treated as non-shareholders, although they 24. To members first. hold shares. 25, 27. To either. 6. To either. 28. To shareholders only. Nos. 1, la, le, 8, 11, 16-18, 20, 21, 26, and 29 have not answered. 17.— Are advances made on freehold property only, or are advances made on leaseholds also? 1. Freehold and leasehold. 11. On leasehold occasionally, but think it la, Ib. Both ; but think advances on leaseholds decidedly objectionable. a mistake. 12, 13, 14. Both. 2. Freehold and leasehold, at discretion of Trustees. 15. Freehold only. 3. Freehold and long leasehold. 16, 17, 18. Both. 4. 5. Freehold only. 19, 20, 21,22, 23. Both; freeholds preferred. 6. On both. 24, 25, 26, 27. Freehold only. • 7, 8, 9. Freehold only. 28. Both. 10. No answer. 29. Freehold only. 18. — Is there in all mortgages to the Society in which buildings are included, a stringent provision for fire insurance? Nos. 1, la, Ib, 3-5, 7-19, and 21-29, answer " Yes ;" and Nos. 2, 6, and 20 answer " Where required." 3