HC Deb 29 July 1975 vol 896 c485W
Mr. Lee

asked the Secretary of State for Prices and Consumer Protection if she will make a further statement on pyramid selling and on the financing of secondary mortgages to pyramid selling licensees in the Birmingham area.

Mr. Alan Williams

My Department is continuing to watch closely developments in this matter.

Mr. Lee

asked the Secretary of State for Prices and Consumer Protection how many possession judgments have been made against secondary mortgagors; what is the total known unliquidated secondary mortgage debt to the latest known date; how many instances of foreclosure on secondary mortgages to pyramid selling licensees in the Birmingham area have been notified to her; and if she will make a statement.

Mr. Alan Williams

I have received no notification on any foreclosure action in the Birmingham area of the kind referred to. I regret that the other information requested is not available.

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