§ Mr. Geraint Howells
asked the Secretary of State for Wales how much money was made available to Welsh borrowers from building societies during the last year; what were the corresponding figures for the last 10 years; and if he will make a statement.
§ Mr. Alec Jones
It is estimated from a 5 per cent. survey of building mortgages that in 1977 building societies made about £223 million available to Welsh borrowers.
Corresponding figures since 1969—which is the first full year in which this information was collected—are
£ million 1969 49 1970 68 1971 81 1972 108 1973 128 1974 97 1975 168 1976 207
I am gratified to note that there has been a substantial increase over the years in the money made available in Wales by building societies.