THE main object of a Building Society is to aid a man to become proprietor of his own dwelling. This can be accomplished by means of the society in two different ways: 1, by depositing with the society periodical money savings until, with the interest allowed, enough has been accumulated to buy a house; 2, by borrowing from the society a sufficient sum to purchase a house and repaying the loan, with interest, by instalments spread over a term of years. A person desiring to become a depositor must qualify for membership of the society by paying an entrance fee of; say, 2s. 6d. He then takes up a share and, by paying periodical instalments according to the tables, he becomes entitled at the end of the appointed time to receive 100.

The same applies proportionately to a half share of 50 or to a quarter share of 25. For example, as regards the whole share, a person paying 13s. a month regularly to the society is entitled, at the end of ten years, to be repaid a lump sum of 100, and any bonus added thereto which the profits of the society may afford. If the term be fifteen years, then, to secure 100, he will have to pay only 7s. 7d. every month, and if twenty-one years, then a monthly payment of 4s. 7d. The terms vary in different societies, but those quoted have been adopted by an existing institution of repute. If the term of ten years is selected, the depositor will have saved and paid to the society (with added interest) 78 in all; if the term of fifteen years is chosen he will have paid 68 5s. in all; and if twenty-one years be adopted, 57 15s. In either case, at the end of the term he has selected, the depositor will be paid back 100. Thus any one taking a share for 100, and keeping up the instalments for twenty-one years, will in the end have paid only 57 15s. for it -- the difference being met by the interest paid by borrowers from the society. The following table shows particulars of other terms and the monthly subscription payable:

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| Term | Monthly Sub-  | Term | Monthly Sub-  |
|  of  |scription for a|  of  |scription for a|
|Years.|  100 share.  |Years.|  100 share.  |
|------|---------------|------|---------------|
|      |     s. d.    |      |     s. d.    |
|   3  |    2 12 10    |  13  |    0  9  1    |
|   4  |    1 18  8    |  14  |    0  8  4    |
|   5  |    1 10  2    |  15  |    0  7  7    |
|   6  |    1  4  6    |  16  |    0  6 11    |
|   7  |    1  0  6    |  17  |    0  6  4    |
|   8  |    0 17  6    |  18  |    0  5 10    |
|   9  |    0 15  2    |  19  |    0  5  4    |
|  10  |    0 13  0    |  20  |    0  5  0    |
|  11  |    0 11  8    |  21  |    0  4  7    |
|  12  |    0 10  6    |      |               |
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After the first year a depositor may, if desirous, withdraw, on giving one month's notice, the full amount he has paid, with interest, to the date when the subscription ceases. This prevents the possibility of any loss arising to a depositor in the event of his being unable to keep up his instalments, or desiring from any cause to withdraw from the society. It may, however, in case of a loss of confidence, operate seriously against the society, by the sudden withdrawal of deposits. The following table shows the amount that could be claimed, in respect of the monthly subscriptions paid, at the end of the several years of membership.

Showing The Amount Withdrawable At The End Of Each Year For The Respective Monthly Subscriptions Stated In The Above Table.

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| At the |   s. d. |   s. d. |   s. d. |   s. d. |   s. d. |          |          |          |          |          |
| end of |  2 12 10 |  1 18  8 |  1 10  2 |  1  4  6 |  1  0  6 | 17s. 6d. | 15s. 2d. |   13s.   | 11s. 8d. | 10s. 6d. |
|Year of |    per   |    per   |    per   |    per   |    per   |    per   |    per   |    per   |    per   |    per   |
|  Mem-  |   month, |   month, |   month, |   month, |   month, |   month, |   month, |   month, |   month, |   month, |
|bership.|  3 years.|  4 years.|  5 years.|  6 years.|  7 years.|  8 years.|  9 years.| 10 years.| 11 years.| 12 years.|
|--------|----------|----------|----------|----------|----------|----------|----------|----------|----------|----------|
|        |   s. d. |   s. d. |   s. d. |   s. d. |   s. d. |   s. d. |   s. d. |   s. d. |   s. d. |   s. d. |
|   1st  | 31 14  0 | 23  4  0 | 18  2  0 | 14 14  0 | 12  6  0 | 10 10  0 |  9  2  0 |  7 16  0 |  7  0  0 |  6  6  0 |
|   2nd  | 64 19  0 | 47 11  0 | 37  2  0 | 30  2  8 | 25  4  2 | 21 10  6 | 18 13  1 | 15 19  9 | 14  7  0 | 12 18  3 |
|   3rd  |100  0  0 | 73  2  0 | 57  1  2 | 46  6 10 | 38 15  6 | 33  2  0 | 28 13  9 | 24 11  9 | 22  1  4 | 19 17  2 |
|   4th  |    --    |100  0  0 | 78  0  2 | 63  7  2 | 53  0  2 | 45  5  1 | 39  4  5 | 33 12  4 | 30  3  5 | 27  3  0 |
|   5th  |    --    |    --    |100  0  0 | 81  4  6 | 67 19  2 | 58  0  4 | 50  5  8 | 43  1 11 | 38 13  7 | 34 16  2 |
|   6th  |    --    |    --    |    --    |100  0  0 | 83 13  2 | 71  8  4 | 61 17 11 | 53  1  1 | 47 12  3 | 42 17  0 |
|   7th  |    --    |    --    |    --    |    --    |100  0  0 | 85  9  9 | 74  1 10 | 63 10  1 | 56 19 10 | 51  5 10 |
|   8th  |    --    |    --    |    --    |    --    |    --    |100  0  0 | 86 17 11 | 74  9  7 | 66 16 10 | 60  3  1 |
|   9th  |    --    |    --    |    --    |    --    |    --    |    --    |100  0  0 | 86  0  1 | 77  3  8 | 69  9  3 |
|  10th  |    --    |    --    |    --    |    --    |    --    |    --    |    --    |100  0  0 | 88  0 10 | 79  4  9 |
|  11th  |    --    |    --    |    --    |    --    |    --    |    --    |    --    |    --    |100  0  0 | 89  9 11 |
|  12th  |    --    |    --    |    --    |    --    |    --    |    --    |    --    |    --    |    --    |100  0  0 |
|  13th  |    --    |    --    |    --    |    --    |    --    |    --    |    --    |    --    |    --    |    --    |
|  14th  |    --    |    --    |    --    |    --    |    --    |    --    |    --    |    --    |    --    |    --    |
|  15th  |    --    |    --    |    --    |    --    |    --    |    --    |    --    |    --    |    --    |    --    |
|  16th  |    --    |    --    |    --    |    --    |    --    |    --    |    --    |    --    |    --    |    --    |
|  17th  |    --    |    --    |    --    |    --    |    --    |    --    |    --    |    --    |    --    |    --    |
|  18th  |    --    |    --    |    --    |    --    |    --    |    --    |    --    |    --    |    --    |    --    |
|  19th  |    --    |    --    |    --    |    --    |    --    |    --    |    --    |    --    |    --    |    --    |
|  20th  |    --    |    --    |    --    |    --    |    --    |    --    |    --    |    --    |    --    |    --    |
|  21st  |    --    |    --    |    --    |    --    |    --    |    --    |    --    |    --    |    --    |    --    |
------------------------------------------------------------------------------------------------------------------------
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| At the |          |          |          |          |          |          |          |          |          |
| end of |  9s. 1d. |  8s. 4d. |  7s. 7d. | 6s. 11d. |  6s. 4d. | 5s. 10d. |  5s. 4d. |    5s.   |  4s. 7d. |
|Year of |    per   |    per   |    per   |    per   |    per   |    per   |    per   |    per   |    per   |
|  Mem-  |   month, |   month, |   month, |   month, |   month, |   month, |   month, |   month, |   month, |
|bership.| 13 years.| 14 years.| 15 years.| 16 years.| 17 years.| 18 years.| 19 years.| 20 years.| 21 years.|
|--------|----------|----------|----------|----------|----------|----------|----------|----------|----------|
|        |   s. d. |   s. d. |   s. d. |   s. d. |   s. d. |   s. d. |   s. d. |   s. d. |   s. d. |
|   1st  |  5  9  0 |  5  0  0 |  4 11  0 |  4  3  0 |  3 16  0 |  3 10  0 |  3  4  0 |  3  0  0 |  2 15  0 |
|   2nd  | 11  3  5 | 10  5  0 |  9  6  5 |  8 10  2 |  7 15 10 |  7  3  5 |  6 11  3 |  6  3  0 |  5 12  9 |
|   3rd  | 17  3  8 | 15 15  2 | 14  6  8 | 13  1  5 | 11 19  7 | 11  0  5 | 10  1  9 |  9  9  1 |  8 13  5 |
|   4th  | 23  9  9 | 21 11  0 | 19 11 10 | 17 17  5 | 16  7  7 | 15  1  5 | 13 15 10 | 12 18  7 | 11 17  1 |
|   5th  | 30  2  3 | 27 12  6 | 25  2  3 | 22 18  3 | 20 19 11 | 19  6  5 | 17 13  8 | 16 11  6 | 15  3 11 |
|   6th  | 37  1  5 | 34  0  3 | 30 18  3 | 28  4  0 | 25 16 11 | 23 15  8 | 21 15  4 | 20  8  1 | 18 14  1 |
|   7th  | 45  4  2 | 40 14  2 | 37  0  0 | 33 15  3 | 30 18  9 | 28  9  3 | 26  1  1 | 24  8  6 | 22  7 10 |
|   8th  | 53 18  9 | 49  8  3 | 44 18  0 | 40 19 10 | 36  5  8 | 33  7  8 | 30 11  1 | 28 12 11 | 26  5  2 |
|   9th  | 62  2  4 | 56 17  8 | 51 13 10 | 47  3  8 | 43  3  5 | 39 14 10 | 35  5  8 | 34  2  7 | 30  6  5 |
|  10th  | 70 13  5 | 64 14  6 | 58 16  5 | 53 13  8 | 49  2  7 | 45  4  5 | 41  7  5 | 38 16  8 | 34 11  9 |
|  11th  | 79 13  1 | 72 19  4 | 66  6  3 | 60 10  3 | 55  7  9 | 50 19  8 | 46 12 10 | 43 15  7 | 40  1  5 |
|  12th  | 89  1  9 | 81 12  4 | 74  3  5 | 67 13  8 | 61 19  1 | 57  0  5 | 52  3  5 | 48 19  5 | 44 16  5 |
|  13th  |100  0  0 | 90 16  8 | 82  8  5 | 75  4  2 | 68 17  0 | 63  7  5 | 57 19  7 | 54 10  0 | 49 16  3 |
|  14th  |    --    |100  0  0 | 91  1  9 | 83  2  5 | 76  1 10 | 70  0  8 | 64  1  6 | 60  0  0 | 55  1  1 |
|  15th  |    --    |    --    |100  0  0 | 91  8  5 | 83 13 11 | 77  0 "_"| 70  9  7 | 65 18  8 | 60 11  1 |
|  16th  |    --    |    --    |    --    |100  0  0 | 91  8  5 | 84  7  8 | 77  4  0 | 72  3  5 | 66  6  8 |
|  17th  |    --    |    --    |    --    |    --    |100  0  0 | 92  1 10 | 84  5  3 | 78 14  5 | 72  8  0 |
|  18th  |    --    |    --    |    --    |    --    |    --    |100  0  0 | 91 13  6 | 85 11 11 | 78 15  5 |
|  19th  |    --    |    --    |    --    |    --    |    --    |    --    |100  0  0 | 92 16  4 | 85  9  2 |
|  20th  |    --    |    --    |    --    |    --    |    --    |    --    |    --    |100  0  0 | 92  9  8 |
|  21st  |    --    |    --    |    --    |    --    |    --    |    --    |    --    |    --    |100  0  0 |
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For example, the depositor of 13s. a month for a ten years' term, if he desired to withdraw his savings at the end of six years, would be entitled to 53 1s. 1d.; the depositor of 7s. 7d. a month for fifteen years could claim, at the end of the ninth year, 51 13s. 10d.; and the depositor of 4s. 7d. a month for twenty-one years could get back 44 16s. 5d. at the expiration of the twelfth year. In each case the earnings of the depositor would have been increased by the interest added.