Wellington Local Exchange and Trading System (LETS) is part of an international system of exchanging goods and services that started in British Columbia, Canada in 1983.
Wellington LETS started in 1993 and has been going ever since – we currently have around 80 members. There are believed to be over 300 LETS groups in the UK.
LETS is a way of exchanging goods and services without using money. In Wellington trading is done using ‘Tones’.
LETS provides an opportunity for people to offer their skills to others and is a great way to ask for something without feeling that you are ‘asking a favour’ or indebted.
|fresh apple juice||visiting/companionship|
|gardening||hire of items (garden tools etc)|
|dog walking||pet care|
How does it work?
Anyone living in the local area can join Wellington LETS. It costs £5 to join - payable every 2 years.
Everyone who joins signs a Members’ Agreement (it can also be downloaded from the page entitled "Our Files").
When you join, you can indicate what goods/services you offer (see box above for examples) and any goods/services you would like to receive. As you can see, some people offer professional service, others offer more general services - you don't have to have any special skills! You set a price in Tones (or, in some cases, Tones + Sterling). Members are encouraged to pay at least the equivalent of the living wage in Tones (so currently 8.25 Tones per hour). You can use the current directory to help decide what to charge for services etc.
The Wellington LETS directory is published twice yearly, listing all the goods/services that members offer along with their contact details and 'prices'. Updates are given in between that in the regular newsletters. When you receive goods/services you pay the member who has provided them either by sending an email to the Tones Treasurer or by writing a LETS cheque and putting it the LETS box in the Blue Pantry in Fore Street, Wellington. No actual ‘money’ is exchanged.
You can start trading straight away - you don’t need to earn Tones in order to spend them!
Local businesses/organisations are also welcome to join Wellington LETS.
How is LETS run?
LETS groups are all run locally by a ‘core group’ who deal with admin, keeping everyone’s Tones accounts up to date, running the market, producing the directory, newsletter etc. The core group is elected annually at the annual general meeting and usually meets every two months in a member’s home. Any member is welcome to come to the meetings.
Are there any social events?
Wellington LETS holds a market and coffee morning on the first Saturday of every month at the Friends Meeting House in High Street Wellington from 10-12pm. Members bring home-baked goods, jams/chutneys, plants and other produce to sell (you can buy here with Tones or sterling) and there are other stalls selling crafts, bric-a- brac etc.
In addition, Wellington LETS holds occasional social events such as shared suppers and barn dances.
How do I join?
You can download a membership form and return it to the membership secretary along with your joining fee. If you have any questions, please contact us and we will help you.
Friends Meeting House, High Street