§ Mr. Wheelerasked the Chancellor of the Exchequer, in the last five years, how many disputes have been dealt with by the Chief Registrar of Friendly Societies under section 95 of the Building Societies Act 1962; and how many have involved cases where members of building societies have had their membership terminated.
§ Mr. Bruce-GardyneDuring the period 1 January 1977 to 31 December 1981 five disputes were dealt with under section 95 of the Building Societies Act 1962; none of these involved cases where members of building societies had had their membership terminated.
§ Mr. Wheelerasked the Chancellor of the Exchequer if he will list any statutory or other requirements placed upon building societies to ensure that investors are given proper advance notice of changes in interest rates.
§ Mr. Bruce-GardyneThere are no statutory requirements in this matter. It is governed by the rules of the particular society.
§ Mr. Wheelerasked the Chancellor of the Exchequer how many prosecutions have taken place in the last five years against building societies which had refused to send members of those societies copies of annual returns as required under the Building Societies Act.
§ Mr. Bruce-GardyneNone.