FRANCE 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
RE
SUSIHESS
_±ta,i$£$ * r .
...
-1.
« »■«
. +’ S;
r,
i'ffiai ■>. •
£ . 1;. ■ •
S*nf ‘—/.-iL
13
m
® EQUITIES met end-Aecount
Profit-taking.^ The FT 30-Share BY PETER RIDDELL, ECONOMICS CORRESPONDENT
Jmiit Schmidt of two^ay'loss of 17 3 5 from Wed Th . p rate ° r increase in »*■**
y postponed an • from Yfea prices lias started to slowdown
i Poland because p5gQ p'~ • ■ j siguifieantfy, and Ihe 12-motUh
For the life «f jir.
•Jilcycr, the kid-
riaJisL
r was In have gone
Monday for a five-
lii-st hy a West
ellor since Willy
o Poland in 1970.
■ers have set five
he release nf Dr.
ach seems tn have
them carrying out
kill him.
lll-Tnfc 'ffiaf-' '
• 549-2
BY MICHAEL CASSELL
v WTiMh A CUT in Uif- r.^.rt-a^e rale for their behalf lo follow this home loans. 11 However, the in- Such a rate would leavw
A 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-
JP WW I ra almost cortcin •>>, l>e announced political circles. below the level accessary for gest competitors. National Sav-
W y * a* next Friday ■'i;er yesterday’s Figures released by the Build- for societies to meet demand logs, for example, where rate*
half-point drop in minimum lend- ing Societies Association y ester- without reducing their liquidity ou investment accounts are due
mg raff. day confirmed the underlying ratios.” lo fail next month. The banks
• TK Building .-•■■ci -iy leaders meet strength of the societies’ posi- But. in spile of the word of now offer only 3 per cent, gross
g, "ges n next week l>> ”»-uvv the Sirua- tion. caution, societies expect Septem- on ordinary deposit accounts.
5j p cs lion. Some suli like lo Net receipts last month ber to show another improve- jt seems therefore, that there
i R ra postpone -x d-'-;ic:i»n. but the totalled £302m. and. although ment in the inflow of funds, and j s ample room for a "rate reduc-
BM.rn.Jei. strong political pressure being this represented a fall of £lSm. net receipts are likely to be i'j on by the societies, who are set
exerted on ih<* movement means from the previous month, it between £350m. and £400m. to lend a record total of nearly
ig. rhat help for buyers is on represents a sooti performance The main option is a 1 per f7bo. to home buyers this year
® the way. in a period when the emphasis cent, drop in the mortgage rale, compared with just over £6bn. in
The present to a per cent, is on consumer spending rather bringing it down tn 9J per cent. 197H.
H home-loan r.«tu nijy be cut b> up than saving. If this happens investors with Many of the larger societies
M ; o 1 per ceni . which would bring - In addition, societies advanced building societies would prob- are anxious for an early change
it gj per rcm. below ihe peak a record £690m.. only the second ably receive fi per cent, alter tax in rates, as their operating mar-
rate in force- at the start of the time in their history that they on their savings. At present gins have been high throughout
S CORRESPONDENT >ear. have advanced more than £6D0m. they receive 6.7 per cent. ibis year. The new composite
Pressure «*n the societies to in one month. They also If the other option, cutting the rate of tax which they pay on
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
ings accelerates, and un future j come in the form of steadily fall, £69flm. — yet another record. per cenr. to 95 per cent, were also been settled at a Inwer-ihan-
exch.mge rale policy. :m; inferetf raics elsewhere The association said that the adopted, investors would prob- expected rate, leaving Jheir
There is at present Mill a j lhtoughoul ti.e economy, and the record level of lending rellected ably then receive about 6J2 per margins looking extremely
Answers & Comments
Answer:
DOUGLAS
TTrr y TTTr m r^r
■1H li:'i
BIRMINGHAM . CARDIFF . GLASGOW
LONDON • STOCKTON-ON-TEES .
SWANSEA. WIGAN
FRANCE 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
RE
SUSIHESS
_±ta,i$£$ * r .
...
-1.
« »■«
. +’ S;
r,
i'ffiai ■>. •
£ . 1;. ■ •
S*nf ‘—/.-iL
13
m
® EQUITIES met end-Aecount
Profit-taking.^ The FT 30-Share BY PETER RIDDELL, ECONOMICS CORRESPONDENT
Jmiit Schmidt of two^ay'loss of 17 3 5 from Wed Th . p rate ° r increase in »*■**
y postponed an • from Yfea prices lias started to slowdown
i Poland because p5gQ p'~ • ■ j siguifieantfy, and Ihe 12-motUh
For the life «f jir.
•Jilcycr, the kid-
riaJisL
r was In have gone
Monday for a five-
lii-st hy a West
ellor since Willy
o Poland in 1970.
■ers have set five
he release nf Dr.
ach seems tn have
them carrying out
kill him.
lll-Tnfc 'ffiaf-' '
• 549-2
BY MICHAEL CASSELL
v WTiMh A CUT in Uif- r.^.rt-a^e rale for their behalf lo follow this home loans. 11 However, the in- Such a rate would leavw
A 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-
JP WW I ra almost cortcin •>>, l>e announced political circles. below the level accessary for gest competitors. National Sav-
W y * a* next Friday ■'i;er yesterday’s Figures released by the Build- for societies to meet demand logs, for example, where rate*
half-point drop in minimum lend- ing Societies Association y ester- without reducing their liquidity ou investment accounts are due
mg raff. day confirmed the underlying ratios.” lo fail next month. The banks
• TK Building .-•■■ci -iy leaders meet strength of the societies’ posi- But. in spile of the word of now offer only 3 per cent, gross
g, "ges n next week l>> ”»-uvv the Sirua- tion. caution, societies expect Septem- on ordinary deposit accounts.
5j p cs lion. Some suli like lo Net receipts last month ber to show another improve- jt seems therefore, that there
i R ra postpone -x d-'-;ic:i»n. but the totalled £302m. and. although ment in the inflow of funds, and j s ample room for a "rate reduc-
BM.rn.Jei. strong political pressure being this represented a fall of £lSm. net receipts are likely to be i'j on by the societies, who are set
exerted on ih<* movement means from the previous month, it between £350m. and £400m. to lend a record total of nearly
ig. rhat help for buyers is on represents a sooti performance The main option is a 1 per f7bo. to home buyers this year
® the way. in a period when the emphasis cent, drop in the mortgage rale, compared with just over £6bn. in
The present to a per cent, is on consumer spending rather bringing it down tn 9J per cent. 197H.
H home-loan r.«tu nijy be cut b> up than saving. If this happens investors with Many of the larger societies
M ; o 1 per ceni . which would bring - In addition, societies advanced building societies would prob- are anxious for an early change
it gj per rcm. below ihe peak a record £690m.. only the second ably receive fi per cent, alter tax in rates, as their operating mar-
rate in force- at the start of the time in their history that they on their savings. At present gins have been high throughout
S CORRESPONDENT >ear. have advanced more than £6D0m. they receive 6.7 per cent. ibis year. The new composite
Pressure «*n the societies to in one month. They also If the other option, cutting the rate of tax which they pay on
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
ings accelerates, and un future j come in the form of steadily fall, £69flm. — yet another record. per cenr. to 95 per cent, were also been settled at a Inwer-ihan-
exch.mge rale policy. :m; inferetf raics elsewhere The association said that the adopted, investors would prob- expected rate, leaving Jheir
There is at present Mill a j lhtoughoul ti.e economy, and the record level of lending rellected ably then receive about 6J2 per margins looking extremely
& Ordinary index