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Showell's Dictionary of Birmingham - A History and Guide Arranged Alphabetically by Thomas T. Harman;Walter Showell
page 266 of 741 (35%)
The year's receipts were £20,978 16s. 5d., of which £11,479 represented
payments made by members who had been alloted land on the estates
divided by the Society, there being, after payment of all expenses, a
balance of £11,779 12s. 9d. The number of members was then 772, and it
was calculated that the whole of the allotments made would be paid off
in four years.

_The Friendly Benefit Building Society_ was organised in 1859, and up to
Midsummer, 1883, the sums paid in amounted to £340,000. The year's
receipts were £21,834 19s. 6d., of which £10,037 came from borrowers,
whose whole indebtedness would be cleared in about 5-1/2 years. The
members on the books numbered 827, of whom 684 were investors and 143
borrowers. The reserve fund stood at £5,704 5s. 9d There is a branch of
this Society connected with Severn Street Schools, and in a flourishing
condition, 32 members having joined during the year, and £2,800 having
been received as contributions. The total amount paid in since the
commencement of the branch in June, 1876, was £18,181 13s. 11d. The
Severn Street scholars connected with it had secured property during the
past year valued at £2,400.

_The Incorporated Building Society_ comprises the United, the Queen's,
the Freeholders', and the Second Freeholders' Societies, the earliest of
them established in 1849, the incorporation taking place in 1878. The
aggregate receipts of these several Societies would reach nearly 3-1/2
millions. The amounts paid in since the amalgamation (to the end of
1882) being £1,049,667. As might be expected the present Society has a
large constituency, numbering 6,220 members, 693 of whom joined in 1882.
The advances during the year reached £78,275, to 150 borrowers, being an
average of £500 to each. The amount due from borrowers was £482,000, an
average of £540 each. The amount due to investors was ££449,000, an
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