Connolly, Gerard C.

Wednesday, 3 December 1980

Seanad Eireann Debate
Vol. 95 No. 4

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Building Societies Bill, 1980: Second Stage.

This is a short Bill the primary purpose of which is to provide a general statutory basis for the payment of subsidy in respect of the interest on building society loans. The Building Societies Act, ...More Button

Three thousand pounds.More Button

Senator Reynolds referred to the current high interest rates payable on mortages and I share his concern at the burden this places on house purchasers. I have every hope, however, that in the coming ...More Button

Senator Whitaker said, if I followed him correctly, that he wanted them brought under the control of the Central Bank.More Button

I did not get the Senator's point on that. My apology, but anyway I am not anxious to interfere with that at the moment and I am inclined to leave well enough alone. Senator O'Brien referred to the d...More Button

Local authority and NBA houses. In my own constituency houses are being erected for under £20,000 and the average throughout the country is £20,000 approximately. One can see the great disparity in ...More Button

No. I have excluded the inner city. I am talking about the rest of the country. I am as anxious as anybody is to see that private housing development should go ahead. We are still prepared to erec...More Button

We do not have that information, but for the first nine months, approximately 18,000 were privately built, which is a record. I am very anxious that the private development shall go ahead and, above ...More Button

Building Societies Bill, 1980: Committee and Final Stages.

In reply to Senator Reynolds, £10,000 is too large an amount. I could not recommend that but I will bear the Senators remarks in mind and convey them to the registrar for sympathetic consideration. Q...More Button


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