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Building Societies

Building Societies


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About the Book

This historic book may have numerous typos and missing text. Purchasers can download a free scanned copy of the original book (without typos) from the publisher. Not indexed. Not illustrated. 1906. Excerpt: ... called for. Whether these other societies are terminating societies belonging to the same group, or whether they are wholly independent, there is the risk arising from transactions between the societies. We shall recur to this subject when we deal with the building society in peril. All that need be said here is that the directors and auditors should carefully investigate all such transactions and require the production of wellauthenticated vouchers. The professional officers--the solicitor and surveyor--do not call for prolonged discussion. In the days when the building society promoter exercised his mischievous activity it was common for him to receive a sum of money from the professional gentlemen for granting them the appointments, and to endeavour to earn it by inserting provisions in the rules which gave them a virtual fixity of tenure. Since 1894 his occupation has to a large extent gone. Any society in connection with which such a transaction has taken place is a society to be avoided. The solicitor should, of course, be one well practised in conveyancing. It is customary to embody in the rules a scale of charges so to enable a borrower to estimate the amount the transaction is likely to cost him. This scale is made moderate on the ground that all the mortgages being in common form and frequently printed, the solicitor has comparatively little work and responsibility in connection with them. With egard to this matter, the writer may perhaps be permitted to call the attention of solicitors of building societies to the set of forms he has prepared for the Encyclopedia of Forms and Precedents, published by Messrs Butterworth & Co., Vol. III. On the qualification and conscientiousness of the surveyor a great deal of the prosperity of the building soci...


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Product Details
  • ISBN-13: 9781151415646
  • Publisher: General Books
  • Publisher Imprint: General Books
  • Height: 246 mm
  • No of Pages: 30
  • Spine Width: 2 mm
  • Width: 189 mm
  • ISBN-10: 1151415642
  • Publisher Date: 01 Jan 2012
  • Binding: Paperback
  • Language: English
  • Returnable: N
  • Weight: 73 gr

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