Cover image for Launceston Savings Investment and Building Society
Agency:
Launceston Savings Investment and Building Society
Agency Number:
Start Date:
01 Jul 1867
End Date:
01 Nov 1971
Description:
Rev. F Hales formed a society in 1867 to benefit the mechanics and tradesmen that were members of the Working Men's Club. Smallness of each share and the issuing of half-shares and branches established at Longford and Hagley permitted many more people to hold shares.

Shareholders were encouraged to hold their shares beyond the required five years to provide themselves an annuity.
Information Sources:
1868 'Launceston Savings, Investment, and Building Society.', The Cornwall Chronicle (Launceston, Tas. : 1835 - 1880), 15 July, p. 9. http://nla.gov.au/nla.news-article66464779
Functions Performed:
Tasmanian businesses