§ Sir K. WOODasked the Financial Secretary to the Treasury the total amount advanced on mortgage by building societies to the latest convenient date since 1901 and the amount advanced each year, respectively, since 1918?
§ Mr. CLYNESThe Chief Registrar of Friendly Societies informs me that the total amount advanced on mortgage by building societies from 1901 to 1929 was in round figures £607,000,000, and that the amounts advanced each year since 1918 are as follow:
£ 1918 … … 6,970,986 1919 … … 15,840,961 1920 … … 25,094,961 1921 … … 19,673,408 1922 … … 22,707,799 1923 … … 32,015,720 1924 … … 40,584,606 1925 … … 49,822,473 1926 … … 52,150,941 1927 … … 55,886,903 *1927–1928 … … 11,189,169 1928 … … 58,664,684 1929 … … 74,718,748 * Advances which are not included either for 1927 or 1928 owing to alteration of year end for which returns were abstracted from 31St December to 31st January.