Jubilee Labor Hall was built with the original purpose being the furtherance of the cause of socialism. The original shareholders (at a share of $5.00 each) built the first hall in 1927. When it burnt down in 1935, the shareholders set out to rebuild. In 1936, the shareholders began renting the hall out to CCF- NDP for a nominal amount, continuing this practice for thirty-five years. They rented to various other groups in Burnaby, and in 1970, when the shareholders decided that it was time to sell the hall, it was purchased by one of such groups - the South Burnaby Elks. After the hall was sold, the remaining balance was used to establish lasting tributes to the original stakeholders and to assure the continuous assistance to the cause of socialism for all time.