Sessional Paper No. 13 of 1955 on the Guarantee of Excess Loans Made by Building Societies for House Purchase.

Abstract

The Government, recognizing the difficulties of certain sections of the public in finding the amount of deposit now required by the building societies for house purchase, wishes to present its proposals to assist these people to the Legislative Council. There are severe limitations in the way of families in need of a separate home of their own getting one. There is little doubt that many more families would provide themselves with a home if facilities for the financing of the operation, i.e. house purchase, were made easier, more widely available and more widely known…