Oral Answers to Questions — Building Societies' Interest

– in the House of Commons at 12:00 am on 29th April 1947.

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Photo of Mr Robert Mellish Mr Robert Mellish , Bermondsey Rotherhithe 12:00 am, 29th April 1947

asked the Chancellor of the Exchequer if he will take powers to compel building societies to reduce their interest charges on enemy-destroyed houses to 2½ per cent.; and if he is aware that the Halifax Building Society and Cooperative Building Society have already reduced their charges to 2½ per cent.

Photo of Mr William Hall Mr William Hall , Colne Valley

An excellent lead has been given by these two societies in meeting the problem of the enemy destroyed houses. My right hon. Friend is in touch with the Building Societies' Association on this matter.