Charitable Funds (Hansard, 31 March 1983)

§ Mr. Hordern
asked the Chancellor of the Exchequer what is the total income of charitable funds in the United Kingdom.

§ Mr. Ridley
I regret that the information is not available. However, the estimate of income from deeds of covenant—based on details of repayments of tax—is £300 million in 1982–83.

Society Date referred Subject matter of dispute Result on present position

1. Liverpool 26 June 1981 Appropriate rule governing election of directors. Dispute withdrawn.

2. London and South of England 20 December 1982 Whether withdrawals from member's account authorised. Hearing arranged for 12 April 1983.

3. Nationwide 10 January 1983 Whether certain practices in the election of directors were valid. Practices held legally valid.

4. Nationwide 10 February 1983 Duty of society in respect of "special resolutions" put forward by member. Heard on 14 March 1983: case to be put to High Court on question of law by way of case stated.

5. Nationwide 10 February 1983 Duty of society in respect of "special resolutions" put forward by member. Heard on 14 March 1983: case to be put to High Court on question of law by way of case stated.

6. Nationwide 22 March 1983 Whether co-option of member to the board valid. Hearing arranged for 12 April 1983.

7. Nationwide 22 March 1983 Whether election of chairman valid. Hearing arranged for 12 April 1983.

8. Nationwide 22 March 1983 Whether society's rule about retirement by rotation can apply to a director if he was not properly elected. Hearing arranged for 12 April 1983.

9. Nationwide 22 March 1983 Whether candidature is valid of one candidate in 1983 elections to board. Hearing arranged for 12 April 1983.

§ Mr. Craigen
asked the Chancellor of the Exchequer, pursuant to the reply to the hon. Member for Glasgow, Maryhill, on 28 March, what form the wide canvass of views from interested parties and the general public will take on the role and scope of building societies; and whether it will be based simply on the proposal put forward by the Building Societies Association.

§ Mr. Bruce-Gardyne
I shall let the hon. Member have a reply as soon as possible.

Society	Date referred	Subject matter of dispute	Result on present position
1. Liverpool	26 June 1981	Appropriate rule governing election of directors.	Dispute withdrawn.
2. London and South of England	20 December 1982	Whether withdrawals from member's account authorised.	Hearing arranged for 12 April 1983.
3. Nationwide	10 January 1983	Whether certain practices in the election of directors were valid.	Practices held legally valid.
4. Nationwide	10 February 1983	Duty of society in respect of "special resolutions" put forward by member.	Heard on 14 March 1983: case to be put to High Court on question of law by way of case stated.
5. Nationwide	10 February 1983	Duty of society in respect of "special resolutions" put forward by member.	Heard on 14 March 1983: case to be put to High Court on question of law by way of case stated.
6. Nationwide	22 March 1983	Whether co-option of member to the board valid.	Hearing arranged for 12 April 1983.
7. Nationwide	22 March 1983	Whether election of chairman valid.	Hearing arranged for 12 April 1983.
8. Nationwide	22 March 1983	Whether society's rule about retirement by rotation can apply to a director if he was not properly elected.	Hearing arranged for 12 April 1983.
9. Nationwide	22 March 1983	Whether candidature is valid of one candidate in 1983 elections to board.	Hearing arranged for 12 April 1983.