Building society investment in housing
Tully questioned whether building societies invest enough in house building and asked the Minister to consult the Registrar. Burke agreed that funds should be invested in housing and undertook to make inquiries.
Would the Minister not agree that the building societies are not devoting the amount of money they should devote to building houses? Is he not aware that some of the building societies are reverting to a bad old practice of spending the money on other than building houses?
Comment on this
I am not so aware so far as the last part of the question is concerned but I would agree fully with Deputy Tully regarding the building societies investing their funds in housing. That would be my wish, too.
Comment on this
Would the Minister make inquiries in this matter with the Registrar of Friendly Societies and ask him to consider the matter?