Reference code(s): GB 0074 ACC/2453
Held at: London Metropolitan Archives
Title: BUILDING SOCIETIES
Level of description: Collection
Extent: 0.16 linear metres
Name of creator(s): Church Benefit Society
The first benefit society in England was established in 1775. Initially unrecognised by English law, benefit societies were co-operative savings clubs that facilitated their members buying houses. The Regulation of Benefit Building Societies Act was passed by Parliament in 1836, granting official recognition to these societies for the first time. By 1860 there were over 27,500 building societies around the country. Many churches established benefit societies for the assistance of the poor in their parishes.
Scope and content/abstract:
Notes (handwritten) relating to a housing loan scheme proposed by the Church Benefit Society, including draft of charges and sample correspondence. Includes prospectuses and advertising pamphlets from existing building societies, presumably gathered for research, including the Prudential Assurance Company Limited, the Temperance Permanent Building Society, the Bradford Second Equitable Benefit Building Society, the Abbey Road Building Society and the Hearts of Oak Benefit Society.
ACCESS AND USE
Language/scripts of material: English
System of arrangement:
Conditions governing access:
Available for general access.
Conditions governing reproduction:
Copyright rests with the City of London.
Please see online catalogues at: http://search.lma.gov.uk/opac_lma/index.htm
British Records Association reference BRA 1779.
Immediate source of acquisition:
Gift from the Church Benefit Society, 1987 (ACC/2453).
Rules or conventions: Compiled in compliance with General International Standard Archival Description, ISAD(G), second edition, 2000; National Council on Archives Rules for the Construction of Personal, Place and Corporate Names, 1997.
Date(s) of descriptions: July to October 2009