JNBS Annual Report - Jamaica National

JNBS Annual Report 

They have the responsibility for administering the day to day operations of the Society with 

prudence, integrity and foresight. They strive to ensure that members have access to all the 

services of the Society and its Subsidiaries within the context of mutuality, the very 

foundation on which JNBS was built. 

Llewelyn Bailey 

Assistant General Manager 

Mr. Bailey has been with the Society for over 30 years and has served in several 

areas of the Society’s operations. He has held several senior positions, including 

Manager of the Duke Street Branch, Mortgage Manager, Computer Manager, 

Staff Director, Personnel Controller and Systems Research and Development 

Controller. He is a Director of Management Control Systems Limited; Best 

Care Foundation; an associate member of the St. Andrew Jaycees and a Junior 

Chamber International Senator. 

Donald Patterson, MBA, F.C.A. 

Assistant General Manager - Chief Financial Officer 

A Chartered Accountant, Mr. Patterson joined the Society in 1990 and has 

served in the positions of Overseas and Development Controller, Financial 

Controller, Mortgage Controller, Public Relations and Marketing Controller. He 

is a Director/Secretary of Jamaica National Overseas (U.K.) Limited; Director, 

Edward Gayle and Company Limited; NEM Insurance Company; Independent 

Radio Company Limited and Kingston Restoration Company Limited. He is a 

Vice Chairman of the Jamaican Institute of Management and a member of the 

Rotary Club of St. Andrew North. 

Carlton K. Barclay, CA, Financial Controller 

A Chartered Accountant, Mr. Barclay rejoined the Society in 1999 as Financial 

Controller after a short stint as Financial Controller of Citizens Bank. 

Responsible for the financial management of the JNBS Group, Mr. Barclay is a 

former Financial Manager at JNBS. Mr. Barclay represents the Society in the 

capacity of Director on the Boards of a number of companies. 

Mr. Barclay is a member of the Rotary Club of Kingston Downtown. 

Delroy Bowen 

Executive, Compliance & Administration 

Mr. Bowen has been with the Society for over 27 years and has held several 

senior positions including Assistant Branch Manager, Branch Manager and 

Administrative Manager. A former President of the Jamaica National 

Managers’ Association (JANMAS), he is President of the Building Societies 

Cooperative Credit Union. 

Leon Mitchell, Dip.M., B.B.A. 

Executive, Overseas Business Development 

Mr. Mitchell joined JNBS in October 1999 as Executive, Overseas Business 

Development. He is a former Managing Director of CVM Television and prior 

to that was the Advertising Manager of The Gleaner Co. Ltd. He holds a 

Diploma in Marketing from the Chartered Institute of Marketing (London). He is 

the Secretary of Jamaica National Overseas (USA) Inc.

1JNBS Annual Report 

Alwyn G. Smith, B.Sc. (Econ.) 

Executive and Chief Representative Officer, Toronto Representative 

Office JNBS. 

A graduate of the University of the West Indies, Mr. Smith has been with the 

Society for over 18 years. He has served as Human Resource Controller, 

Manager of the Finance, Marketing & Mortgage Departments and the May 

Pen and New Kingston branches. A former Staff Director, Mr. Smith is a 

charter member of the Rotary Club of New Kingston and a member of the 

Advisory Committee of the St. Andrew Settlement, an outreach programme 

of the St. Andrew Parish Church. 

Emile Spence, B.Sc. Hons. (Econ.), M.J.I.M. 

Executive, Marketing and Distribution 

A graduate of the University of the West Indies, Mr. Spence has been with 

the Society for over 17 years and has served in the positions of Marketing 

and Public Relations Controller, Human Resource Development Controller , 

Manager of Jamaica National Overseas (U.K.) Limited and Jamaica National 

Overseas (Canada) Ltd.; the Marketing Department; the Brown’s Town, 

Spanish Town and May Pen branches. He is a Director of the National 

Insurance Fund Board, and the Sports Development Foundation. He is a 

charter member and past President of the Kiwanis Club of St. Andrew. 

Keith Robertson 

General Manager - JN Real Estate and Development Company 

Mr. Robertson has served the Society for over 19 years, in the capacity of 

Manager of the Spanish Town and New Kingston Branches, Administrative 

Manager and Mortgage Controller.


A Senior Managers’ Conference: 

Wanica Purkiss (l), Senior Mortgage Manager, is in discussion with her colleagues (left to 

right) Margaret Barrett, Senior Manager, Human Resources Development; Ted Williams, 

Senior Regional Manager; and Mary Allen, Corporate Planner. 

• Mrs. Mary Allen, MSc., B.A., Senior Manager, 

Corporate Planning & Special Projects 

• Miss Margaret Barrett, MSc., B.Sc., Senior Manager, 

Human Resource Management 

• Mrs. Wanica Purkiss, Senior Manager, Mortgage 

Processing & Credit Control 

• Mr. Leslie “Ted” Williams, Senior Manager, Branch 

Coordinator


• Mrs. Alison Christie-Binger, MBA., B.A., Dip. Mktg. and 

Phys. Distr., Manager, Communication 

• Mr. Richard Blackwood, MBA, B.BA., Manager, Systems 

& Research and Development 

• Mr. Joscelyn Campbell, Manager, Compliance 

• Miss Dahlia Fuller-Phillips, MSW., B.A., Dip. HRD., 

Manager, Training 

• Mrs. Tonya Grant, ACCA, Manager, Internal Audit 

• Miss Janice Henlin, MBA., BSc., Manager, Marketing & 

Advertising 

• Mr. Ewart Henry, Manager, Data Processing 

• Sharon HoSang, MMB., BSc., Manager, Credit Control 

• Mrs. Judith Keane, ACCA., Management Accountant 

• Mrs. Kathy Lyn, User Support Manager 

• Mrs. Dorothy Sangster, Manager, Promotion & Sales 

• Miss Beverley Sudine, Manager, Foreign Exchange 

• Mr. Andrew Williams, ACCA., B.Sc., Manager, Accounts 

• Mrs. Catherine Brown, Manager, Duke Street Branch 

• Mrs. Hope Cameron, MBA, B.Sc., Manager, Half Way 

Tree Branch. 

• Mr. Uken Campbell, Manager, Linstead Branch 

• Mrs. Dorothy Gibson, Manager, New Kingston Branch 

• Mrs. Marcia Griffiths-Angus, B.Sc., Manager, St. Ann’s 

Bay Branch 

• Mr. Hilret Hanson, Manager, Santa Cruz 

• Mrs. Valerie Holness, J.P., Manager, Morant Bay Branch 

• Mrs. Christine Long, Manager, Spanish Town Branch 

• Miss Geraldine McDonald, B.Sc., Manager, May Pen 

Branch 

• Howard Pottinger, MBA., B.Sc., Manager, Savanna-La- 

Mar Branch 

• Miss Margaret Ramsay, Manager, Brown’s Town Branch 

• Mrs. Gay Royal, M.Sc., B.Sc., Manager, Mandeville 

Branch 

• Mr. Wesley Scott, J.P., Manager, Ocho Rios Branch 

• Mrs. Gloria Tavares, Manager, Lucea Branch 

• Mr. Canute Simpson, Manager, Annotto Bay Branch 

• Mr. Robert Whitelocke, Manager, Montego Bay Branch 

• Miss Maxien Davis, B.Sc., Assistant 

Manager, Mortgage, Chief Office 

• Mrs. Beverley Burnett, Assistant Manager, 

Half Way Tree Branch 

• Mrs. Janis Holness, B.Sc., Assistant 

Manager, Port Antonio 

• Mr. Earl McLaughlin, B.Sc., Assistant 

Manager, Christiana Branch 

• Mrs. Rosemarie Meikle, ACCA., Assistant 

Manager, Port Maria Branch 

• Mrs. Marie Williams, Assistant Manager, 

Admin., Chief Office 

• Mrs. Carmen Bartlett, Assistant Manager, 

Jamaica National Overseas Inc. Florida 

• Mr. Harry Bhoorasingh, Manager, Jamaica 

National Overseas Inc. New York 

• Miss Hope Sortie, ACCA., Assistant 

Manager, Jamaica National Overseas, U.K. 

• Mr. Wendell Smith, General Manager, 

Management Control Systems (MCS) 

• Miss Sharon Smith, Assistant General 

Manager, JN Fund Managers Ltd.


BANKERS 

Bank of Nova Scotia Jamaica Limited 

Bank of Nova Scotia, Toronto, Canada 

Barclays Bank, Colmore Row, Birmingham, England 

Barclays Bank Plc., London, England 

Barclays Bank Plc., Isle of Man, U.K. 

Chase Manhattan Bank, New York 

CIBC - Canada 

Citibank, Wall Street, New York, U.S.A. 

Citibank, London, England 

Lloyd’s Bank Plc., U.K. 

Nations Bank, U.S.A. 

National Commercial Bank Jamaica Limited 

Trafalgar Commercial Bank Limited, Jamaica 

Girobank Plc, London, England 

ATTORNEYS-AT-LAW 

Abendana & Abendana 

Bartholomew, H.G. & Co. 

Clark, Robb & Mullings 

Daley, Walker & Lee Hing 

Daly, Thwaites & Company 

Dunn, Cox, Orrett & Ashenheim 

Grant, Stewart, Phillips & Company 

Hanna, Edward & Company 

Harding, O.G. & Company 

Hart, Clinton & Company 

Langrin, Parris-Woodstock 

Levy, G. Anthony & Company 

Livingston, Alexander & Levy 

Messado, Jennifer & Co. 

Miller, Crafton & Company 

Moncrieffe, Pantry, Betton-Small & Co. 

Murray & Tucker 

Myers, Fletcher & Gordon 

Nunes, Scholefield, DeLeon & Company 

Rattray, Patterson & Rattray 

Robertson , Smith, Ledgister & Company 

Robinson, Phillips & Whitehorne 

Scott, Bhoorasingh & Bonnick 

Smith, Keith & Co. 

Taylor, Deacon & James 

Tenn, Russell, Chin-Sang, Hamilton & Ramsay 

Vaccianna & Whittingham 

Watson & Watson 

Watt, King & Robinson 

Williams, McKoy & Palmer 

Williams, Palomino, Gordon-Palomino 

Ziadie, Reid & Company 

AUDITORS 

Rolf Lanigan, F.C.A. (KPMG Peat Marwick) - retired June 2000 

Raphael E. Gordon, F.C.A. (KPMG Peat Marwick)


LOCAL 

MAIN OFFICE, 2-4 Constant Spring Road, Kgn. 10, Tel: 926-1344-9, 926-8285, 

926-1600-3 • Fax: 926-7661,968-6596 • E-mail: info@jnbs.com 

• Website Address: www.jnbs.com 

• Credit Control Department, Tel: 960-0774, 960-2080, 929-0411, 968-1602 

• Call Centre ,Jamaica Toll Free, Tel: 1-888-991-4065/4066, • Switch Board, Tel: 926-1344-9, 

(EXT:2346/2408) 

USA, Canada – Toll Free, Tel: 1-800-462-9003 

UK – Toll free, Tel: 0-800-328-0387 

HALF-WAY-TREE, 2-4 Constant Spring Road, Kgn. 10, Tel: 929-8052-3, 

968-1290, 960-5708 • Fax: 968-6595 

Foreign Exchange Dept., Tel: 926-8717, 968-2708, 968-2380 • Telex: 968-2707 

• Fax: 920-0800, 929-2385 

NEW KINGSTON, 10 Grenada Crescent, Kgn. 5, Tel: 929-3734-7, 926-6871 

• Fax: 926-5533 

DOWNTOWN KINGSTON, 32½ Duke Street, Kgn., Tel: 924-9366, 922-3905/6, 

922-3366/7, 922-5432 • Fax: 922-2869 

SPANISH TOWN, 26-28 Wellington Street, Spanish Town, Tel: 984-2473, 984-2637, 984-7908, 

943-9987 

• Fax: 984-7798 

LINSTEAD, 27 King Street, Linstead, Tel: 985-7749, 985-2525 • Fax: 985-2506 

MAY PEN, 45a Main Street, May Pen, Tel: 986-2551, 986-4759 • Fax: 986-9764 

MANDEVILLE, Mandeville Plaza, Mandeville, Tel: 962-2179, 962-2724, 962-6560 

• Fax: 962-0204 

SANTA CRUZ, Main Street, Santa Cruz, Tel: 966-2231, 966-2742, 966-9446 

• Fax: 966-2741 

SAVANNA-LA-MAR, Hendon Corner, Savanna-la-mar, Tel: 955-2525, 955-2843 

• Fax: 955-2774 

MONTEGO BAY, 2 Market Street, Montego Bay, Tel: 952-4561-3, 952-7180-2 

• Fax: 952-8307/8308 

BROWN’S TOWN, Musgrave Square, Brown’s Town, Tel: 975-2243, 917-8272-3 

• Fax: 917-8322 

ST. ANN’S BAY, 10 Bravo Street, St. Ann’s Bay, Tel: 972-2235, 972-9191 

• Fax: 972-2657 

OCHO RIOS, Cnr. of Graham St. & DaCosta Drive, Ocho Rios, Tel: 974-5537, 974-4723 

• Fax: 974-4724 

PORT MARIA, 1 Stennett Street, Port Maria, Tel: 994-2471, 994-2671 • Fax: 994-2123 

ANNOTTO BAY, Main Street, Annotto Bay, Tel: 996-2215 • Fax: 996-2350 

PORT ANTONIO, Harbour Street, Port Antonio, Tel: 993-3006, 993-2339, 993-9151, 

993-9652 • Fax: 993-9670 

MORANT BAY, 10 Queen Street, Morant Bay, Tel: 982-2226, 982-1231 • Fax: 982-2588 

LUCEA, Moseley Drive, P.O. Box 21, Lucea, Hanover, Tel: 956-2344, 956-9828 

• Fax: 956-3323 

CHRISTIANA, Main Street, Christiana, Tel: 964-2529, 964-4672/3 • Fax: 964-4674


LOCAL SUBSIDIARIES 

• JN REAL ESTATE & DEVELOPMENT CO. LTD. 

26 Trafalgar Road, Kingston 10. Tel: (876) 960-1940-3 

• Fax: (876) 960-1944 • E-mail: info@jnbs.com 

• JN PROPERTIES LIMITED 

26 Trafalgar Road, Kingston 10. Tel: (876) 960-1940-3 

• Fax: (876) 960-1944 

• MANAGEMENT CONTROL SYSTEMS LIMITED (MC Systems Ltd.) 

(Computer and Software Systems Dealer) 

10 Grenada Crescent, Kingston 5. Tel: (876) 929-8661, 926-0104 

• Fax: (876) 929-5678 • E-mail: info@mcsystems.com 

• JN FUND MANAGERS LTD. 

2-4 Constant Spring Road, Kingston 10, Tel: 926-1344-9 

• Ext: 2249, 2254, 2256; 926-6959 

• Fax: 926-7661 • Toll Free: 1-888-JNFunds (563-8637) 

• Website: www.jnfunds.com • Email; info@jnfunds.com 

OVERSEAS - REPRESENTATIVE OFFICES


OVERSEAS - REPRESENTATIVE OFFICES 

UNITED KINGDOM: Unit #234, Elephant & Castle Shopping Centre, London SE1 6TE, 

England. Tel: 0171-708-2442/3 • Fax: 0171-708-5736 • E-mail: jnouk@jnbs.sonnet.co.uk 

CANADA: 1390 Eglinton Avenue West, Toronto, Ontario M6C 2E4, Canada. 

Tel: 416-784-2074/5 • Fax:416-784-2076. Toll Free #: 1-800-565-2632 

E-mail: jnocan@globalserve.net 

OVERSEAS SUBSIDIARY OFFICES 

• JAMAICA NATIONAL OVERSEAS (U.K.) LIMITED 

LONDON: Unit #234, Elephant & Castle Shopping Centre, London SE1 6TE, 

England. Tel: 20-7708-2442/3 • Fax: 20-7708-5736 

• E-mail: jnouk@jnbs.sonnet.co.uk 

BIRMINGHAM: 6 Suffolk Street, Queensway, Birmingham, B1 1LT, England. 

Tel: 0121-643-0077 • Fax: 0121-643-3010 

BRIXTON: 389 – 391 Brixton Road, Brixton, London SW9 7DE 

Tel: 20-7737-7244, 20-7737-7544 • Fax: 0171-737-7544 

• JAMAICA NATIONAL OVERSEAS (U.S.A.) INC. 

NEW YORK: 690 Utica Avenue, Brooklyn , New York, N.Y. 11203, U.S.A. 

Tel: 718-756-2355, 718-756-2810 • Fax: 718-756-3929 

• E-mail: jnonyinc@worldnet.att.net 

FLORIDA: 3895 NW 24th Street, Lauderdale Lakes, Florida, 33311 U.S.A. 

Tel: 954-676-5755/6 • Fax: 954-676-5571 • E-mail: jno@bellsouth.net


SAVINGS: INSTRUMENT Interest Rates (per annum)* 

Contractual Plan 

( 5 or 7 years) 

G(eneral) Investment Shares 

P(aid) Up Shares 

Flexi Shares 

Term Shares 

Foreign Currency 

(GB Pounds, US or Canadian Dollars) 

Foreign Currency 

(Term Share) 

Long Term Savings Account 

(L.S.A.) 

MORTGAGES 

Passbook 

Passbook 

Passbook 

Passbook 

Certificate 

Passbook 

Certificate 

Certificate 

INTEREST 

RATES* 

3% payable March 31 

10% payable March 31 

11% payable June 30 

13% payable September 30 

13.5%-15.75% (payable as negotiated) 

1.25%-3.5% payable March 31 

2.5% (Canadian Dollars) 

4% US Dollars & GB Pounds 

13.5 – 16% (payable as negotiated) 

TERM 

5% Plan 

Home Start Express Mortgage Plan 

Annuity Residential 

Annuity Resort 

Home Enhancement Loan Plan 

Tenanted/Residential Investment 

Enhanced Home Equity Loan 

Education Loan/Medical Plus 

Commercial Loans 

5% 

14% 

17-19% 

20-22% 

17 or 18% 

19-21% 

18-23% 

18 or 19% 

27 or 28% 

HEALTH INSURANCE 

JN Blue Health Plan available to customers (savers and non-savers) 

MONEY TRANSFERS, REMITTANCES 

Disbursements to recipients for: 

JN Money Transfers (from U.K., U.S.A., Canada and Cayman) 

Moneygram (to and from agents worldwide) 

FOREIGN EXCHANGE 

Authorized Dealer in Foreign Exchange 

12 or 15 years 

3 years * for first three years 

5 - 30 years 

5 - 30 years 

5 - 30 years 

5 - 30 years 

10 years 

10 years 

10 years 

UTILITY PAYMENT FACILITY 

Cable and Wireless Telephone Bills can be paid at any Branch of JNBS 

*(Information correct as of September 2000 and subject to change. Conditions apply)

JNBS Annual Report


he dream of every Jamaican is to own his home. It is this dream that drove the concept of the 

Building Society Movement in Jamaica. In 1864, the Building Society was introduced in the 

island, to assist working and middle-class people to realise their dream of home-ownership. 

With the passing of the Act for the Regulation and Encouragement of Benefit Building 

Societies, a number of Building Societies emerged in Jamaica. Most of these, located in various parishes 

of the island, were based in the Church, and were supported by the clergy and congregations of these 

churches, islandwide. 

The history of the Jamaica National Building Society, starts with the genesis of the Westmoreland 

Building Society in 1874. On Thursday, August 13, of that year, the Westmoreland Building Society 

held its first Directors' Meeting at Hendon House, Savanna-la-mar. Chairman was the Reverend Henry 

Clarke, the founder and first Chairman of the Building Society. 

As the Building Society grew, it not only improved its physical plant, but also began offering its services 

to Jamaicans overseas. The growing ethnic population in the United Kingdom and the United States of 

America, arose out of the migration of Jamaicans to these countries in the 1950's and the 1960's 

presenting the opportunities of a new marketing niche. 

The promotional activities of the Westmoreland Building Society included the offering of savings and 

loan facilities and remittance services to these market niches, which led to the continued growth of the 

Building Society. A modern office block was erected at Hendon Corner in Savanna-la-mar in 1960, and 

by the mid 1960's, the building society had developed a strategic plan to extend its services to all parishes 

on a phased basis. A first step was the opening of a Branch Office at 4 Duke Street, Kingston in 1965. 

At the same time, the Society's accounting systems were mechanised. 

In 1967, the growth of the Jamaica National Building Society was marked by another significant event. 

This was the pioneer merger between Westmoreland Building Society and the Manchester Mutual 

Building Society, and its association with the Central Building Society in Christiana. 

Shortly afterwards, branches were established in Santa Cruz, Mandeville and May Pen. All, including 

the first Duke Street branch, were linked by radio-telephone to the Head Office in Savanna-la-mar. 

Computerisation was initiated at the Savanna-la-mar Head Office in 1970, so as to better service the 

growing membership and expanding branch network. By this time, the Society had gained the confidence 

and experience to execute and conclude a simultaneous “triple merger” which took place in December 

1970, when Westmoreland Building Society merged with the St. James Benefit, St. Ann Benefit and the 

Brown’s Town Benefit Building Societies. 

The end of the decade of the 1970's also saw the further consolidation of a development strategy, which 

included a change in the name of the Westmoreland Building Society to the Jamaica National Building 

Society, a name which it was thought, more appropriately reflected its true national status. By that 

time, the islandwide branch network included branches in Montego Bay, Brown's Town, St. Ann’s Bay, 

Ocho Rios, Savanna-la-mar, Kingston, Santa Cruz, Mandeville and May Pen. 

With over one hundred and twenty five years of steady, solid growth, the Jamaica National Building 

Society is a true conglomeration of nine amalgamated rural Building Societies, which had all merged 

with the Westmoreland Building Society to form the strong and dynamic entity that is the Jamaica 

National Building Society (JNBS) that exists today. 

JNBS' success story can be attributed to men of vision who saw beyond narrow parochialism, and who 

were able to create and build an organisation which continues to make a very important contribution to 

savings, home ownership, and the country's economic development and social stability.


1967 • Manchester Mutual Building Society 

1970 • St. James Benefit Building Society 

• Brown’s Town Benefit Building Society 

Dec. 1970 • Change of name to 

1976 • St. Thomas Mutual Building Society 

1977 • Jamaica Permanent Building Society 

1983 • St. Mary Benefit Building Society 

1996 • Hanover Benefit Building Society 

1997 • First Metropolitan Building Society 

The Reverend Henry 

Clarke, founder of the 

Westmoreland Building 

Society (1874). 

This photograph is 

believed to be that of the 

Reverend Josias Cork, 

founder of the St. Ann 

Benefit Building Society 

(1874). 

Mr. John E. Kerr, 

Chairman of the St. 

James Building Society 

from 1883 to 1903. The 

Society was founded in 

1874. 

Mr. J.H. Allwood, 

Solicitor and founder 

of the Brown’s Town 

Benefit Building 


Mr. Ernest Clarke, one of the 

founders and first Chairman of 

the Manchester Mutual Building 


Mr. David Marchalleck, one of 

the two persons spear-heading 

the move for the St. Thomas 

Mutual Buil-ding Society, which 

had its first meeting on June 1, 

1897. 

Reverend Edwin James 

Touzalin, J.P., founder of 

the St. Mary’s Benefit 

Building Society in 1915.

JNBS Annual Report - Jamaica National

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