The decision to delay the award of the contract for the head office was a bad one and will harm the integrity of the building society

Dear Editor,

Having read the press release issued under the name of New Building Society Limited and published in your newspaper on Wednesday, April 23, 2008, we must first express regret that in addressing its content, we are compelled to bring out into the public domain matters that would ordinarily have enjoyed the protection of board-room confidentiality.

May we deal with the two main issues namely, the contract for the society’s new chief office building and the sudden decision to hold the society’s Annual General Meeting for 2008 in New Amsterdam, Berbice.