On 18 August, the Sharikat Polis Repablik Singapura Bekerja Sama-Sama Jimat Chermat, Menyimpan Dan Pinjaman Wang Dengan Tanggongan Berhad or the Singapore Police Co-operative Thrift and Loan Society (SPCTLS) was registered with the Registrar of Co-operative Societies for the Straits Settlements and the Federated Malay States. It operated out of the Central Police Headquarters building on South Bridge Road.
It was the first co-operative society to be registered for uniformed personnel in the Singapore Government Service, and a key pioneer of the co-operative movement.