Appendix to the Journals of the Senate and Assembly of the ..session of the Legislature of the State of California . otal number of shares matured, 3,963^,of which 1,734^ were pledged, and 2,229| were free. The pledged shareswere per cent of the whole, and the free shares per whole number of shares ])aid off and canceled was 3,639^, leavingthe proceeds of 324 shares to the credit-of retiring members, to be paidsubsequently. The total dues refunded amounted to $394,167; profits,$203,295 60. The ratio of profit to dues was per cent. The average age ofshares maturing at
Appendix to the Journals of the Senate and Assembly of the ..session of the Legislature of the State of California . otal number of shares matured, 3,963^,of which 1,734^ were pledged, and 2,229| were free. The pledged shareswere per cent of the whole, and the free shares per whole number of shares ])aid off and canceled was 3,639^, leavingthe proceeds of 324 shares to the credit-of retiring members, to be paidsubsequently. The total dues refunded amounted to $394,167; profits,$203,295 60. The ratio of profit to dues was per cent. The average age ofshares maturing at $100 was months. The average age of sharesmaturing at $200 was months. On shares of $100, the averagedues paid in were $76 62; the average profit, $24 28, and averagematurity value, $100 90. The profits on average investment amountedto per cent simple interest per annum. On shares of $200, the average dues paid in were $126 36; the averageprofits, $73 84; average maturity value, $200 20. The profits on aver-age investment amounted to per cent simple interest per comparison shows:. Shares |200Shares $100 TO FORECAST MATURITY OF SERIES. Many people who are interested in Building and Loan Associations,and especially Secretaries and other officers, desire to forecast the matu-rity of a series, and approximate its probable duration. For the benefitof such, we present the following table of maturities, prepared by Mr. Fields, expert accountant. First ascertain the average percentage ofnet profit which an association is making on its capital; note whetherits book values are established semi-annually, quarterly, or monthly;also the face value of shares, and the amount of monthly these data at command, it will be easy to approximate the age ofany particular series by consulting the following tables: Shares, $200. Dues, $1 per month. Per Cent. Semi-Aanual Compound. Quarterly Compoand. Monthly Compound. Years. Mouths. Years. Mon
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Keywords: ., bookauthorcaliforn, bookcentury1800, bookdecade1850, bookyear1853
