lated to buy a house; 2, by borrowing from the
society a sufficient sum to purchase a house
and repaying the loan, with interest, by instal-
ments 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 exist-
ing 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