Holiday Savings Club
Object
Card
Production date
1961
Object number
1994.267
Physical Description
This is a Holiday Savings Club card. The club was based in Hackney and encouraged people on a low income to make regular savings. The weekly subscription price to be paid into the club was 6d, with a share-out payment to contributors made on 19th June 1961. The share out payment could then be used towards the cost of a summer holiday. The reverse side of the card shows the payment schedule with a summary of loans and payments for each quarter of the year.
Associated Organisation
Associated Place
Material
Paper
Dimension
height (Whole): 208mm
width (whole): 167mm
width (whole): 167mm
Exhibition Label
From the exhibition 'Pubs, Clubs & Carnivals: An exhibition about pleasure and leisure in Hackney' [21 June - 3 September 2016]
Holiday Savings Club 1960s
The Workers’ Circle Friendly Society was a socialist Jewish society with strong political ideals. The founder members in 1909 were mainly cabinet-makers who aimed to improve working and social conditions in the East End. In 1957, the Workers’ Circle moved its offices to a new Circle House in Hackney, following the Jewish community’s gradual shift out of the East End.
This savings club made it possible for workers to spread the cost of a holiday throughout the year.
Holiday Savings Club 1960s
The Workers’ Circle Friendly Society was a socialist Jewish society with strong political ideals. The founder members in 1909 were mainly cabinet-makers who aimed to improve working and social conditions in the East End. In 1957, the Workers’ Circle moved its offices to a new Circle House in Hackney, following the Jewish community’s gradual shift out of the East End.
This savings club made it possible for workers to spread the cost of a holiday throughout the year.
On display?
No
Inscription
RULES
_______
_______
1. Subscriptions will be received and Loans will be granted
every Monday between 6 p.m. - 7.30 p.m. at Circle House.
2. Subscriptions are 6d. per share payable weekly.
3. The right is reserved to fine 1/2d. per share for arrears of
subscriptions.
4. Loans must be covered by Security.
5. A week’s notice is required before loans can be granted.
6. Loans will be advanced from £1 upwards from which
interest at 6d. per £1 and promissory note charges will
be deducted.
7. Repayments shall normally be at the rate of 1s. per week
for every £1 loan taken. Other rates of repayment can
be made by arrangement.
8. Standing loans may be issued at the rate of 1d. per week
interest on every £1 taken.
9. Officers are not permitted to act as securities.
10. Quarterage of 3d. per share is payable on the last week
of each quarter.
11. Members wishing to leave the Club during the year shall
give 7 days’ notice.
12. Share-out will take place on Monday, June 19th 1961.
JUNE
HOLIDAY
SAVINGS
CLUB
Held at: “CIRCLE HOUSE”
13, SYLVESTER PATH, MARE STREET, E.8
No……………………
Shares…………………..
Name……………………………………………………………………….
Address……………………………………………………………………
………………………………………………………………………………
………………………………………………………………………………
Chairman :
D. BROOKS
Treasurer :
B. KAYE
Cash and Check Steward :
A. DEAN
Trustees:
N. GORTY.
P. MAZIN
All communications to : L. BROOKS, Secretary
88, WIGAN HOUSE, WARWICK GROVE, E.5
_______
_______
1. Subscriptions will be received and Loans will be granted
every Monday between 6 p.m. - 7.30 p.m. at Circle House.
2. Subscriptions are 6d. per share payable weekly.
3. The right is reserved to fine 1/2d. per share for arrears of
subscriptions.
4. Loans must be covered by Security.
5. A week’s notice is required before loans can be granted.
6. Loans will be advanced from £1 upwards from which
interest at 6d. per £1 and promissory note charges will
be deducted.
7. Repayments shall normally be at the rate of 1s. per week
for every £1 loan taken. Other rates of repayment can
be made by arrangement.
8. Standing loans may be issued at the rate of 1d. per week
interest on every £1 taken.
9. Officers are not permitted to act as securities.
10. Quarterage of 3d. per share is payable on the last week
of each quarter.
11. Members wishing to leave the Club during the year shall
give 7 days’ notice.
12. Share-out will take place on Monday, June 19th 1961.
JUNE
HOLIDAY
SAVINGS
CLUB
Held at: “CIRCLE HOUSE”
13, SYLVESTER PATH, MARE STREET, E.8
No……………………
Shares…………………..
Name……………………………………………………………………….
Address……………………………………………………………………
………………………………………………………………………………
………………………………………………………………………………
Chairman :
D. BROOKS
Treasurer :
B. KAYE
Cash and Check Steward :
A. DEAN
Trustees:
N. GORTY.
P. MAZIN
All communications to : L. BROOKS, Secretary
88, WIGAN HOUSE, WARWICK GROVE, E.5