About: Liberator Building Society

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The Liberator Building Society was formed in 1868 by Jabez Balfour. Using his widespread non-conformist and temperance connections to raise funds, it became the largest society in the country by the 1890s. However, by the end, most of the mortgages were to finance speculative developments by other Balfour-controlled companies at prices which were fraudulent. In 1892, Balfour’s bank collapsed, followed by some of his development companies. The Liberator was unable to meet the demand from withdrawals and in October 1892 a liquidator was appointed. More than £8m. was lost to the Liberator and its associates.

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  • The Liberator Building Society was formed in 1868 by Jabez Balfour. Using his widespread non-conformist and temperance connections to raise funds, it became the largest society in the country by the 1890s. However, by the end, most of the mortgages were to finance speculative developments by other Balfour-controlled companies at prices which were fraudulent. In 1892, Balfour’s bank collapsed, followed by some of his development companies. The Liberator was unable to meet the demand from withdrawals and in October 1892 a liquidator was appointed. More than £8m. was lost to the Liberator and its associates. (en)
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  • The Liberator Building Society was formed in 1868 by Jabez Balfour. Using his widespread non-conformist and temperance connections to raise funds, it became the largest society in the country by the 1890s. However, by the end, most of the mortgages were to finance speculative developments by other Balfour-controlled companies at prices which were fraudulent. In 1892, Balfour’s bank collapsed, followed by some of his development companies. The Liberator was unable to meet the demand from withdrawals and in October 1892 a liquidator was appointed. More than £8m. was lost to the Liberator and its associates. (en)
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  • Liberator Building Society (en)
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