• • HALIFAX BUILDING SOCIETY. .
Reference has been Made in these cohunns from time to time to the progress of the 'Halifax Building ' Society, and interest in the annual meeting held last week was quickened not 'only by the excellent report presented by Sir 'Enoch Hill, the President, but also by his uftereatilig- eoMments on the subject of housing. Sir Enoch criticized the incursion Of Local Authorities into a field where lack of adherence to sound principles might risk the money of ratepayers. He said : Considering the . facilities . now available and the uncertainty of rates of interest, for the time being at any rate, there does not appear to be any justification for Local Authorities to embark on this .work at the risk of the rate- payers." Sir Enoch was referring more especially to the disposition on the part of local authorities to assume the functions of building societies or private thrift institutions (Continued 0.0. page 550.)
Financial Notes. '
(Continued from page 549.) and-to make loans under the Small Dwellings Acquisitions , Acts of Parliament. Sir Enoch also criticized the expenditure- of public money on " community homes," and said that he felt considerable confiden6d that as the advantages and pride of private ownership were more recognized and also the equitable terms under which building societies provided assistance to those who needed it, so would the vogue for home ownership increase. Needless to say that Sir Enoch ; also reviewed the remarkable progress made by his own society.
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