The Hinckley Permanent Society
The Society changed name to The Hinckley Permanent Society in 1907 and, throughout the first half of the century, management of the Society continued to be a family affair.
George Kiddle took over the reins from his father Thomas in 1907, being succeeded by his youngest son Harold in 1923, when he became joint manager with Mr F G Brise.
In the 1930s it was documented that all departments within the Society doubled in size and assets exceeded half a million pounds for the first time.
Harold retired from the position of manager in 1946 and his son Geoffrey Oliver Kiddle took his place.
By this time, assets had grown to £878,801.
Geoffrey saw a real need for modernisation, including the introduction of calculating machines and a new regime of more modern practices.
He explained:
“Interest was worked out every 12 months. There was only one interest rate, which was set by the directors. One would sit down with the ledger and work out each investor’s interest and enter it directly into the ledger. It was very difficult to get everything dead accurate doing it manually."
Read more about this topic: Hinckley And Rugby Building Society
Famous quotes containing the words permanent and/or society:
“The English were very backward to explore and settle the continent which they had stumbled upon. The French preceded them both in their attempts to colonize the continent of North America ... and in their first permanent settlement ... And the right of possession, naturally enough, was the one which England mainly respected and recognized in the case of Spain, of Portugal, and also of France, from the time of Henry VII.”
—Henry David Thoreau (1817–1862)
“In society one needs a flexible virtue; too much goodness can be blamable.”
—Molière [Jean Baptiste Poquelin] (1622–1673)