§ Mr. Hugh Lawsonasked the Financial Secretary to the Treasury if he is aware of the amalgamations of building societies that have taken place recently or are projected; and if he will take steps to prevent the creation of a monopoly in the field or, alternatively, nationalise the building societies.
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§ Mr. AsshetonThe answer to the first part of the Question is in the affirmative. As regards the second part, it is quite clear that the changes in question involve no danger of a monopoly in the building society movement.