§ Mr. Steen
To ask the Chancellor of the Exchequer what were the costs to public funds involved in preparing the cost benefit assessment contained in the explanatory memorandum for the Deregulation(a) Friendly Societies Act 1992, (b) Credit Unions and (c) Building Societies Orders 1995. 449W
§ Mrs. Angela Knight
It is not practical to estimate the costs to public funds of preparing the assessments contained in the explanatory memoranda, because these, along with the other work involved in preparing the draft orders, were contained within the normal running costs of the Registry of Friendly Societies and the Treasury.
§ Mr. Steen
To ask the Chancellor of the Exchequer what estimate he has made of the annual saving to business which will accrue from the Deregulation(a) Friendly Societies Act 1992, (b) Credit Unions and (c) Building Societies Orders 1995. 
§ Mrs. Knight
The estimated savings are included in the explanatory memoranda laid with the three draft orders. These will be significant in some areas, such as removing the requirement for a credit union to demonstrate the existence of a common bond. In others, savings will depend on the extent to which societies and credit unions take advantage of the benefits proposed. In addition, the changes will provide new opportunities for growth by giving institutions increased flexibility in their operations or greater freedom to expand their business.