Terminating building societies in New Zealand : an appraisal of their growth within the savings and mortgage sectors of the economy
Degree GrantorUniversity of Canterbury
Degree NameMaster of Commerce
New Zealand Terminating Building Societies have expanded rapidly in recent years to become important parts in the structure of non-bank financial intermediaries in this country. It is the purpose of this thesis to show this increasing importance with particular reference to the limited field in which they operate.
Although historical development of Terminating Societies is an interesting field of study, it is intended to make only brief mention of this. Chapters II and III cover the more important historical developments and appropriate recent legislation.
The main research is divided into two distinct spheres. (i) Receipts and Liabilities (ii) Payments and Assets
Part Two embraces inward cash flows and liabilities of all Terminating Societies together with comparisons with other savings institutions. These comparisons are made, both to put Terminating Societies in perspective of savings as a whole in New Zealand, especially small contractual savings, and to relate the facilities of these societies to other institutions. Similar comparisons are made in Part Three where payments and assets are discussed. Within these two spheres an attempt is made to describe Terminating Building Societies in New Zealand in their present for, in sufficient detail to encourage further study in the field of contractual savings and mortgage finance via Terminating Building Societies – a field in which popularity appears to be growing geometrically.
The Summary and Conclusions are contained in Part Four. There, not only the potential of Terminating Building Societies amongst non-bank financial intermediaries is discussed but also inquiry is made into the attitudes of the three parties involved, that is, saving members, borrowing members and the societies themselves, to the future of this type of service.