8 ClUheroe 'Advertiser and Times. May 2, 1969


Society celebrates spreading its wings


THE Over Darwen Build­ ing Society celebrates its centenary this year with a record number of more than 2,460 members, and is to open an agency in Blackburn to try to boost


has more than 180 members who live in Blackburn, has appointed as its agent Mr W. M. Snape, who will suc­ ceed Mr J. Edgar Dixon when he retires from his post as secretary of the Blackburn Chamber of Trade next month. The agency will operate from Mr Snape’s office at the Chamber of


membership even more. The society, which already


societies, it evolved from , the early ‘•terminating societies" m which a group' of people used their accumulated savings to buy a plot of land and to build houses on it. When all the members were housed, the society went out of existence.


Inspired


tional Hall. Alpha Place, Over Darwen. the society completed its first year with a membership of 124. , Members could open their accounts with a sum of not less than 6d., and were in­ spired to save and encouraged to buy their own homes bv these words from the society's first annual report: “ Why shall anyone continue to oay rent for the mere privilege of living in a house for 10-15 years, it being no more his than when he first entered it. when bv paying t verv little more he might in


Housed in the Constitu­


he same time make it his own.


and nftpr 100 years of progress, advanced more than £°6s.onn last year. Its assets aft“- its first year totalled


dvanced £3,962 in mortgages Advantages


K B Binns. who started with the society as a cashier In 1950. said that despite the- t Government’s restrictions oil


Tire-present secretary. Mr


he issuing of mortgages, ti* society had been nble to ad­ vance more mortgages during bef the past year than ever


ore, a total Increase In


thus oaid for vent altogether lost, but the interest on the money evoended is lost also." a To its first year, the society


,-^4.273. while figures for 19RR- 69 reveal a total of .£1.181.324.


"Vot onlv is the amount


Darwen. was established under the title of the Over Darwen Permanent Benefit Society in 1869, its first presi­ dent being the Rev. Charles Greenway, a well-known figure in Darwen. Like most old-established


ffice is in Railway - road,


Trade’s premises in Straw­ berry Bank, Blackburn. o The society, whose head


WUHG


money advanced . being £95,000 more than In >1967-68. “ I t is important that


people who.' will require a mortgage in the near future


make sure that they start to save with a building society now," said Mr Binns. ‘‘Rates of interest which a building society offers in the regular savings department make savings for a down-payment accumulate more quickly,' and i a society will usually be will­


hich a society offers to a n , mon investor is security for his


made a social' revolution possible in ■ that nearly half of the dwelling houses In the United Kingdom are occupied by their owners compared with 31 per cent. In 1951. . Thev are by far the biggest source of mortgages, being responsible for between 70 and SO-per cent, of the total amount lent to home-buyers each year w An important advantage


to a member already saving hard with the . society.” Building . societies have


ng to.,advance a, mortgage


The chairman of the Over Darwen Building Society. Mr W. T. Hacking (right) is a Tormcr headmaster of Hollins Grove Primary School, Darwen.


ey. ,


THE directors of the Over Darwen Building Society, seated at the tabic in the


- boardroom are, left to right;. Mr J. II. Sutcliffe, Mr G. P. Stott. Mr K. B. Binns, Mr W. T. Hacking (chairman), Mr W. A. Hacking, Mr R. Leach, and Mr F. J. Rigby.


K - * - ' i


T W© 2M T§jL


r :


at previous■ f lions, he is al anindependil newsagent, wj Shaw: BridgiM eroi, he live! Lane.


Three limi . a lie.-


£ To promise! that ;f e'.'l


All-. . Georgl and-Mr.' John| of.: integrity.:


; Tory number.l ‘•What can :l


Assets over £1,180,000 Reserves £83,307, equal to 7% of assets liquidity £206,179, equal to 17% of assets These figures are well in excess of the amounts required to qualify for membership of the Building Society's Associa­ tion and designation for Trustee Status. The Society was designated to receive Trustee Investments in 1968.


sions affect th they shall ha I


have an a<| the others.;Wc bv party' all people of Clit party, and I them. They ;] to know how


and sincerely.*


be either boug as an : indep date./ I have ambitions: exce fellow Ckthero:


Tam not in


Speak -the ■ ti*<| the • non-parl


do?" ■you 'mal Fear no ml


the Council: I could not fu l l they; made.' TlJ crushed - by :


* \


You can open an accountwith any sum from £T upwards to a limit of £10,000 (£20,000 in the case of a husband and wife joint account).


£500 may be withdrawn on demand (£100 Cash)


Starting Thursday, 1st May we are opening a new branch at: ;


• ■ ■ i ■ ‘ / i' -• '• '


Wm. Snape and Co., 4 Strawberry Bank,:. ;


Preston New Road, •; . . */


Blackburn ■ • >-'»-* I.'. .-f


Under the personal supervision of Wm. Snape, Esq./


■"’ -'r'- J t j T-r ''‘V ’i ' / 'V ‘ ,V,/ , , HEAD OFFICE: 24 RAILWAY ROAD, DARWEN a - H T i- - ' ' ' r. :'f,v V t. V‘. *:• v ?■ ■ •• ^ s •: r-, ; : ’>y r •* r v...-r. ■ ’ - 1; ; ’j - (• .. cu : ■ \ \ ».*./'>.•;• -r t • • L—-> J- V a .: i.y INTEREST


Equivalent to £8/10/2 with Tax at Standard Rate of 8/3 in £1 'This is the Society for personal and friendly service—


strictly no red tape ’ OFFERTHESE PETER SUEDEil


[COATS, JACKET DRESSES and S


Manufacturer SUEDE AND LE


'Newest styles Indumn lengths.'M»ny colour


\v £ 5 t o t£1S and


An investing member of the Society is given priority when applying for a mortgage.


This Society is a local Society of a 100 year’s standing and has always erred on the side of caution. This accounts for the slow growth but splendid reserves. As the trunk is now so solid and safe, we feel the time is now ripe to spread our branches a little and serve the neighbouring community.


Mr. L. H. a| Labour The. only: LabiM


cern about the resentation, on:, •where: an opposi three have facet


£ ln presenting would , first vi


: roller”; tactics '1 liove to bo bad l l


of 13. This lends itsel


: four Labour can.l Regarding :qua|


inunity.: and can r dressed by a rel


. consdentlous a il . apply ; commonse| many problems will hold.


. didates recently, one of course t l


- th e : - requirement morrow.


- the .real needs, of today but at


• This,, as I set! ,to have ; learned! glaring mistakes; and to ensure . money, will be;sp<


‘ I t is too ofte| = that -the “loud


with previous ccl ence, he is secret croc Borough LM and president of [ Constituency Li He lives in: Her


'■not' always the L deep thinking. Nq you think and


the most to conta is not necessarily'|


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