§ Mr. McCrindleasked the Chancellor of the Exchequer how many building societies are operating differential rates of mortgage interest; and what is the average figure above which a higher rate is charged.
§ Mr. Denzil DaviesInformation for all societies is not available, but of the 28 larger societies—which account for 86.5 per cent. of the total assets of all societies338W —16 charge a higher rate for advances above a certain size. Details of the amounts of advance above which a higher rate is charged are as follows:
Above Number of societies £10,000 … … 4 £11,000 … … 1 £ 12,000 … … 1 £13,000 … … 5 £15,000 … … 3 £16,000 … … 1 £20,000 … … 1