Co-operative Permanent Building Society
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Co-operative Permanent Building Society
The Co-operative Permanent Building Society was a mutual building society, providing mortgages and savings accounts to its members. Its head office was located at New Oxford House in London.Mutuals Public Register
(No. 141B) Financial Services Authority (retrieved 17 November 2009) In 1970, it was renamed the .


History


Origins 1884 - 1900

The Southern Co-operative Permanent Building Society was formed in 1884 by a group of Co-operators including Thomas Webb and Charles Cooper, initially ...
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Building Society
A building society is a financial institution owned by its members as a mutual organization. Building societies offer banking and related financial services, especially savings and mortgage lending. Building societies exist in the United Kingdom, Australia and New Zealand, and used to exist in Ireland and several Commonwealth countries. They are similar to credit unions in organisation, though few enforce a common bond. However, rather than promoting thrift and offering unsecured and business loans, the purpose of a building society is to provide home mortgages to members. Borrowers and depositors are society members, setting policy and appointing directors on a one-member, one-vote basis. Building societies often provide other retail banking services, such as current accounts, credit cards and personal loans. The term "building society" first arose in the 19th century in Great Britain from cooperative savings groups. In the United Kingdom, building societies actively compete ...
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Albert Mansbridge
Albert Mansbridge, CH (10 January 1876, Gloucester, Gloucestershire, England – 22 August 1952, Torquay, Devon) was an English educator who was one of the pioneers of adult education in Britain. He is best known for his part in co-founding the Workers' Educational Association (WEA) in England in 1903, serving as its first secretary until 1915. Biography Mansbridge was born the son of a carpenter, Thomas Mansbridge (whose Rank or Profession when Albert was married at the age of 25 was recorded as 'Gentleman'), and due to his family's tight finances had to leave school at 14. As a result was largely self-educated. However he still managed to attend university extension courses at King's College London. He eventually taught evening classes himself in economics, industrial history, and typing, all while taking up clerical work. He married Frances Jane Pringle in the Parish of Battersea, Wandsworth, London, in July 1900 and they had a son, Thomas John, the following July. Albert h ...
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Former Co-operatives Of The United Kingdom
A former is an object, such as a template, gauge or cutting die, which is used to form something such as a boat's hull. Typically, a former gives shape to a structure that may have complex curvature. A former may become an integral part of the finished structure, as in an aircraft fuselage, or it may be removable, being using in the construction process and then discarded or re-used. Aircraft formers Formers are used in the construction of aircraft fuselage, of which a typical fuselage has a series from the nose to the empennage, typically perpendicular to the longitudinal axis of the aircraft. The primary purpose of formers is to establish the shape of the fuselage and reduce the column length of stringers to prevent instability. Formers are typically attached to longerons, which support the skin of the aircraft. The "former-and-longeron" technique (also called stations and stringers) was adopted from boat construction, and was typical of light aircraft built until the ...
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Financial Services Companies Based In London
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability assessme ...
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Banks Disestablished In 1970
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the ...
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Banks Established In 1884
A bank is a financial institution that accepts deposits from the public and creates a demand deposit while simultaneously making loans. Lending activities can be directly performed by the bank or indirectly through capital markets. Because banks play an important role in financial stability and the economy of a country, most jurisdictions exercise a high degree of regulation over banks. Most countries have institutionalized a system known as fractional reserve banking, under which banks hold liquid assets equal to only a portion of their current liabilities. In addition to other regulations intended to ensure liquidity, banks are generally subject to minimum capital requirements based on an international set of capital standards, the Basel Accords. Banking in its modern sense evolved in the fourteenth century in the prosperous cities of Renaissance Italy but in many ways functioned as a continuation of ideas and concepts of credit and lending that had their roots in the an ...
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Companies Based In The London Borough Of Camden
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ...
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History Of The Cooperative Movement
The history of the cooperative movement concerns the origins and history of cooperatives across the world. Although cooperative arrangements, such as mutual insurance, and principles of cooperation existed long before, the cooperative movement began with the application of cooperative principles to business organization. Beginnings The cooperative movement began in Europe in the 19th century, primarily in Britain and France. The industrial revolution and the increasing mechanisation of the economy transformed society and threatened the livelihoods of many workers. The concurrent labour and social movements and the issues they attempted to address describe the climate at the time. The first documented consumer cooperative was founded in 1769, in a barely furnished cottage in Fenwick, East Ayrshire, when local weavers manhandled a sack of oatmeal into John Walker's whitewashed front room and began selling the contents at a discount, forming the Fenwick Weavers' Society. In 1810, ...
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British Co-operative Movement
The United Kingdom is home to a widespread and diverse co-operative movement, with over 7000 registered co-operatives owned by 17 million individual members and which contribute £34bn a year to the British economy. Modern co-operation started with the Rochdale Pioneers' shop in the northern English town of Rochdale in 1844, though the history of co-operation in Britain can be traced back to before 1800. The British co-operative movement is most commonly associated with The Co-operative brand (best known for its supermarket and Funeralcare brands) which has been adopted by several large consumers' co-operative societies; however, there are many thousands of registered co-operative businesses operating in the UK. Alongside these consumers' co-operatives, there exist many prominent agricultural co-operatives (621), co-operative housing providers (619), health and social care cooperatives (111), cooperative schools (834), retail co-operatives, co-operatively run community energy proj ...
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Scottish Amicable Building Society
The Scottish Amicable Building Society was founded in 1892 and became Scotland's largest building society with coverage across the United Kingdom. It faced a run on its funds in 1958 and was rescued by the Co-operative Building Society. History The Society was founded in Edinburgh in 1892 as the Amicable Property Investment Building Society, later shortened to the Scottish Amicable Building Society. It remained of very modest size until after WWI – in 1922 there were only 416 members and assets totalled £86,000. The subsequent growth in the Society stemmed from the recruitment of William Allison in 1921 as manager. Allison had been a principal lecturer in business studies and joined as manager, becoming Managing director and Chairman. At the time of the Diamond Jubilee brochure in 1952 he was still Chairman and Managing Director (with his son as Deputy Managing Director). By that date the Society had around 53,000 members and assets had grown to £18m. The coverage across the U ...
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Duke Of Hamilton And Brandon
Duke of Hamilton is a title in the Peerage of Scotland, created in April 1643. It is the senior dukedom in that peerage (except for the Dukedom of Rothesay held by the Sovereign's eldest son), and as such its holder is the premier peer of Scotland, as well as being head of both the House of Hamilton and the House of Douglas. The title, the town of Hamilton in Lanarkshire, and many places around the world are named after members of the Hamilton family. The ducal family's surname, originally "Hamilton", is now "Douglas-Hamilton". Since 1711, the Dukedom has been held together with the Dukedom of Brandon in the Peerage of Great Britain, and the Dukes since that time have been styled Duke of Hamilton and Brandon, along with several other subsidiary titles. Overview The titles held by the current Duke of Hamilton and Brandon are: Peerage of Scotland * 16th Duke of Hamilton (created 1643) * 13th Marquess of Douglas (created 1633) * 16th Marquess of Clydesdale (created 1643) * 23rd ...
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