HC Deb 11 November 1926 vol 199 cc1236-7
10. Mr. BRIANT

asked the Home Secretary if he is aware of the number of societies or associations, not registered as building societies, which are advertising for and obtaining the money of would-be purchasers of houses, many of whom are ex-service men, and which fail to carry out the promises made; and if he will consider the desirabiity of compelling the registration under the Building Societies Act of all organisations which promise to secure the purchase of houses under a system of instalments?

Mr. RONALD McNEILL

I am advised that registration under the Building Societies Acts would not be appropriate to most of the concerns to which the question refers. I understand, however, that the Board of Trade Departmental Committee on the Assurance Companies Act, 1909, is considering the position of these societies.