Building society lending and savings
Enright raised falling building-society loans and savings and sought time for a debate. The Minister referred scheduling to the Whips; the Chair said the Private Notice Question had been disallowed and ruled Enright could not pursue it.
I tabled a Private Notice Question asking the Minister if he was aware of the statement by the secretary of the buildings societies association, Mr. Malone, in regard to the serious problem of the drop in loans. There was a total drop of £14 million compared with the same month in 1981. There has also been a distinct drop in the level of investment in building societies. In May the level was £9 million as compared with £13 million in April. I wish to know if the Government intend to make time available to have this matter discussed in the next day or two. The drop in the number of house approvals is a very serious matter. Can the Chair assist in any way in regard to this very important matter?
Comment on this
This question was disallowed as not being urgent. There is no question of a mortgage increase until September. I gave that information to the Deputy.
Comment on this
I appreciate there may or may not be an increase in the mortgage rate soon, but it is a serious matter. My question was a two-pronged question. The other part of the question was concerned with the situation that has arisen in regard to the drop in savings in the building societies.
Comment on this
When a Private Notice Question is disallowed the Deputy is not allowed to pursue it in the House. I tried to explain to the Deputy the reason it was disallowed and he must accept the ruling. If he wishes to query it again he had better come to my office and I will go over it with him, but he cannot pursue it in the House.