“The Baltic Rules and Regulations”, accompanied by a list of members was issued in 1873. Entrance fees were raised from 5 to 10 guineas and the number of listed Members stood at 1,164 names. At the heart of these printed rules was trust. This concept later became embodied in the Baltic’s motto of “Our Word Our Bond” that is still in place today and underpins the self-regulation that the Baltic provides to its members and the wider market. Within the City, the Baltic became the byword for integrity – if a member were not admitted or was expelled, this was regarded as the ultimate judgement of the man’s trustworthiness.
Timeline Image