Ihe rale of increase in earn- latter their rat*- structure- has approved the lending of a further mortgage rate hy three-quarters behalf of their investors has They also If the other option, cutting the rate of tax which they pay on Pressure «*n the societies to in one month. At present gins have been high throughout Rate in force- at the start of the time in their history that they on their savings. only the second ably receive fi per cent, alter tax in rates, as their operating mar. which would bring - In addition, societies advanced building societies would prob- are anxious for an early change If this happens investors with Many of the larger societies net receipts are likely to be i'j on by the societies, who are setĮxerted on ih up than saving. strong political pressure being this represented a fall of £lSm. although ment in the inflow of funds, and j s ample room for a 'rate reduc-īM.rn.Jei. Some suli like lo Net receipts last month ber to show another improve- jt seems therefore, that there caution, societies expect Septem- on ordinary deposit accounts.ĥj p cs lion. G, 'ges n next week l> ”»-uvv the Sirua- tion. in spile of the word of now offer only 3 per cent, gross ■■ci -iy leaders meet strength of the societies’ posi- But.day confirmed the underlying ratios.” lo fail next month. Half-point drop in minimum lend- ing Societies Association y ester- without reducing their liquidity ou investment accounts are due W y * a* next Friday ■'i er yesterday’s Figures released by the Build- for societies to meet demand logs, for example, where rate* below the level accessary for gest competitors. 11 However, the in- Such a rate would leavwĪ lift/ Rj f| ihe third ,h ’ s year seenlS 2*neral trend is expected in flow of net receipts is slightly societies in line with iheir big. V WTiMh A CUT in Uif- r.^.rt-a^e rale for their behalf lo follow this home loans. from Yfea prices lias started to slowdown.

Jmiit Schmidt of two^ay'loss of 17 3 5 from Wed Th. Profit-taking.^ The FT 30-Share BY PETER RIDDELL, ECONOMICS CORRESPONDENT Full text of ' Financial Times, 1977, UK, English'įRANCE FrJ-Oi GERMANY DM2 0 ITALY LJDOj NETHERLANDS Fl.2.0 NORWAY KrJ.S PORTUGAL Fst.28: SPAIN Ptal.40 SWEDEN KrJ.25- SWITZERLAND Fr.2.0: EIRE lip

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