§ Mr. Knoxasked the Chancellor of the Exchequer if he will provide a table showing the annual rates of growth of Ml, sterling M3 and M3 on a seasonally adjusted basis for each month since February 1974.
§ Mr. Denzil DaviesThe information is as follows:
affairs of their building societies and to make directors and managers more accountable to their membership, thereby minimising the risk of further building society failures.
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§ Mr. Denzil DaviesI am doubtful whether the risk of building society failures could be minimised in this way. However, we are re-examining the existing arrangements for the supervision and internal control of building societies in the light of recent events, although full consideration must await the completion of the inquiries into the irregularities at the Grays Building Society, and I shall certainly bear the suggestion in mind.
§ Mr. George Rodgersasked the Chancellor of the Exchequer if he will seek to repeal Section 63 of the Building Society Act 1962, to allow members free access to the register of members of their building society on the same basis as shareholders have access to the register under the Companies Act.
§ Mr. Denzil DaviesNo. Section 63 does nothing to prevent a member of a building society who has a legitimate reason for wishing to inspect his society's register from gaining access to it. It does, however, as far as possible, ensure that the register is not accessible for purposes unconnected with the affairs of the society.
§ Mr. George Rodgersasked the Chancellor of the Exchequer if he will bring forward legislation to give a similar role to investors in building societies as is
Body Appointments Salaries (per annum) Total (per annum) £ £ Review Board for Government Contracts 1 Chairman 2,000 7,400 4 Members 1,350 (each) As a matter of policy the number and cost of paid appointments is kept under review.