STRONG POSITION
BUILDING SOCIETY MOVE-
MENT
(British Official Wireless.)
RUGBY, February 2.
Sir Enoch Hill, president of the Halifax Building Society, stated yesterday that of the 3,000,000 houses built in Britain since the Armistice, approximately 2,000,000 had been bought through building societies. More than 1,000,000 British citizens, he said, were buying their homes through building societies at present.
Since the end of the war the societies had lent to home buyers £1,000,000,000. Today the movement was in a stronger position than ever. Assets exceeded £600,000,000, and the number of share investors and borrowers was more than 3,000,000. During 1935-36, £130,000,000 was advanced on mortgage to enable some 240,000 citizens to buy houses.
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https://paperspast.natlib.govt.nz/newspapers/EP19370204.2.108
Bibliographic details
Evening Post, Volume CXXIII, Issue 29, 4 February 1937, Page 13
Word Count
112STRONG POSITION Evening Post, Volume CXXIII, Issue 29, 4 February 1937, Page 13
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