Untitled

Dominion, Volume 23, Issue 33, 2 November 1929, Page 31

The men who founded building societies' were not perhaps business men, as the term is generally applied, although time has proved them to be possessed a sound commercial instinct as : well as a' vision of social betterment. They sprang in many instances from a humble and devout stock. Their first transactions were held in buildings in which they worshipped. To-day, it is particular pride of certain of our leading societies that their first meetings were held in church and chapel premises, and from such communities they received their inspiration and support. It is not unnatural that an ethical significance has become linked to a movement thus founded on a rock of honest endeavour rather than on the shifting, and sometimes shifty, sands of company promotion. The Building Society movement has remained faithful to its first principles, and for this adherence wevhave to thank the many men of high and lofty ideals who served it in the past, and whose, influence is still in the movement.”—Mr. Harold Bellman, chairman of the London Metropolitan Building Societies’ Association.