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Chelsea and Skipton set to vote for mutuality

Chelsea and Skipton buil-
ding society members are expected to vote

overwhelmingly in favour of mutuality, according to sources close
to

both lenders.

The two societies are holding AGMs this week amid ongoing battles against

carpetbaggers.

Nearly 90 per cent of Chelsea voters are expected
to vote for the

three pro-
mut^_ual directors while Skip^_ton members are expected

to vote in similar proportions in favour of the three dir^_ectors

supporting the mut-
ual cause.

The societies believe that voting in favour of pro-mut-
ual directors

is the clear-
est boost that members can give in the battle against

demutualisation.

Members are expected not to take the option of voting against pro-mutual

dir-
ectors as a protest against recent carpetbagging res-
olutions.

Skipton expects a record turnout well up on last year when just 20 per

cent of the eligible electorate of 500,000 members voted.

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