§ 84. Mr. Hamlingasked the Chancellor of the Exchequer whether he is aware that building societies have increased the rate of interest on mortgages despite the reference to the National Board for Prices and Incomes of such increases ; and what steps he will take to control interest rates.
§ Mr. CallaghanYes, and I am awaiting the outcome of the reference to the Board.
§ 85. Mr. McNamaraasked the Chancellor of the Exchequer when he expects to get the report from the National Board for Prices and Incomes concerning building societies ; and what steps he has taken in the meantime to see that building societies standardise their procedures.
§ Mr. CallaghanIn a few months' time ; I am awaiting the Board's report, which will range widely over the methods of operation of building societies.