Abstract
Building societies are specialised savings banks. The claims which they issue, called shares and deposits, are all short-term, even large amounts being withdrawable virtually on demand. On the assets side of their balance sheet they have the overwhelming proportion in the form of mortgages on owner-occupied houses; 15–20% of cash and investments and the premises from which they operate are the only other important items.
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Further Reading
E. J. Cleary, The Building Society Movement (London: Elek, 1970).
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© 1973 Jack Revell
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Revell, J. (1973). Building Societies. In: The British Financial System. Palgrave, London. https://doi.org/10.1007/978-1-349-15512-5_14
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DOI: https://doi.org/10.1007/978-1-349-15512-5_14
Publisher Name: Palgrave, London
Print ISBN: 978-0-333-14925-6
Online ISBN: 978-1-349-15512-5
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