HC Deb 31 May 1960 vol 624 c107W
2. Mr. Owen

asked the Minister of Housing and Local Government and Minister for Welsh Affairs if he is satisfied that the £16½ million advanced by Her Majesty's Government as loan at 5 per cent to building societies is being effectively used to assist members of the community to purchase their own homes; and whether he will make a statement.

Mr. H. Brooke

Building societies can obtain advances from the Exchequer only to the extent that they have themselves actually advanced money for the purchase for owner-occupation of houses completed before 1919.

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