LETS members are a group of local people who pay an annual membership fee to belong to the group in their area. They agree to abide by the rules of the group and to follow the Ethics, Values and Principles of the trading system.

 

All members are listed in a Resource Guide which is updated regularly and is posted out to members without the Internet and accessed online through a password. The information contained in the Guide is confidential to members.

 

Once the membership fee is paid the new member is able to start trading.

 

Services and goods are listed in the Resource Guide and are available to all members. Once selected, the member phones or emails the member offering the goods or service and makes arrangements for work to be done or goods provided. A price is agreed upon. Once the trade is completed the member who has initiated the trade writes out a transaction slip for the amount agreed in Barts.

 

All completed slips are sent or given to the Transactions Officer for processing. All trades are recorded and accounts debited or credited. Regular statements of account are sent out or emailed and a grand total given of all Barts traded during the course of the membership.

 

Unlike a banking system there is no advantage in saving Barts as the system works best by keeping the Barts circulating. Accounts can only be in debit by 300 Barts and are reviewed regularly by the Committee. In some instances new members will be slightly in debit until they started having a 'take up' of their services or goods. Don’t let this prevent you from beginning trading.

 

Any queries can be answered by phoning the office on Ph: 8556 2705 or by asking any member of the Committee or another member. We’re all there to help and get you trading.