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LOAN AND BUILDING ASSOCIATIONS. There are now 32 associations, the Rumford Falls Loan and Building Associations having retired. The comparative statement of liabilities and resources of the years ending October 29. 1898, and November 6. 1897, show that there is now $3,009,998.77 against $2,912,963.63. I Regarding other statistics: 1897. 1898. 8,230 No. of shareholders, 8,156 45,4691/2 No. of shares outstanding, 44.7581/2 3,042 2.966 NO. of borrowers, 3.694 3.647 No. of loans, $173,744.81 $213,395 74 Amt. of div. paid, Tais is an increase of $83,231.07 in the amount of accumulated capital and advances, and $97,035.14 in the total assets: and a decrease of seventy-four in the number of shareholders. and of 711 in the number of shares outstanding. The average rate of dividends paid shareholders for the present year is 6.50. and the average premium charged borrowers 1.35, as against 6.71 and 1.47 respectively in 1897 The decrease of $39,650.93 in the amount of dividends paid is due in part to the faot that n°1897 one loan and building association. for the purpose of readjusting its accounts. charged off all dividends previously paid, and declared a new dividend upon all of its outstanding shares. This materially increased the aggregate dividends for that year. This decrease in earningsis due in some degree to the fact that loan and building associations like all other institutions that depend upon the investment of money for their income, are compelled to accept less rates than formerly. The shareholders, like dépositors in banks, must expect smaller dividends in the future. The amendment of 1897, requiring the associations to carry a larger percentage of their earnings to the guaranty fund. was passed none too soon It would have been a wise policy for these institutions to have accumulated larger reserves while they were able to pay from 7 to 9 per cent dividends. Had such a polMcy been adopted it would have given them present strength, and added to their stability and success in the future. Even now the earnings and dividends are larger than they are Likely to be in the I years to come. The institution that will t in some degree forestall these conditions and reserve such a portion of their present earnings as it N possible to spare, will be the most successful. We are pleased to report a noticeable improvement in this respect in many of the institutions, and trust this policy may be adopted by all in the future. REPORTS OF RECEIVERS. The following is a synopsis of all re) ports of receivers made 4, this department as of October 29. 1898, and a brief statement of the condition of the affairs 5 of each insolvent banking association in the State. NEWPORT SAVINGS BANK 1 In December, 1897, the receiver, John W. Hobart, made his final statement. The total amount realized was $85,700.68. The e dividends were paid depositors amounting to 81 7-40 per cent. ORONO SAVINGS BANK. Albert White, th receiver, who had charge of affairs shice August 10, 1894, in his statement of receints and expenditures shows that he has received $86,428.11. A final settlement of the affairs of this institution has given the depositors 89 per cent of their deposits, making the total loss only $9,043.28. This is much better than was at one time anticipated. The receiver is entitled to credit for this favorable settlement of the affairs of the institution, and for the large dividend received by depositors. RICHMOND SAVINGS BANK. There has been but little change in the affairs of this institution during the year. The receiver still holds about $17,000, par value, of assets, the most of which could not be disposed of without great sacrifice. He reports that an effort will be made during the year to dispose of the remaining assets, pay a nal dividend and settle the affairs of the institution. It is estimated that these assets will net about 10 per cent more to depositors. LUBEC SAVINGS BANK. Samuel D. Leavitt of Eastport. receiver of the Lubec Savings Bank, reports a full settlement of the affairs of that institution with the exception of a small balance held for the payment of expenses. The total amount of deposits, as shown by the report of the commissioners, was $24,713.20; and the amount of receipts from all sources, $6,783.23. There were preferred claims amounting to $127.48 leaving a balance of $6,655.75 for the payment of depositors and expenses. June 27, 1898, S the depositors were paid a dividend of 25 per cent, amounting to $6,178.30, leaving a
