Page 8, 3rd April 1970

3rd April 1970
Page 8
Page 8, 3rd April 1970 — Record year for Catholic Building Society

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Record year for Catholic Building Society

THE Catholic Building Society's assets last year reached a record of £756,099, with receipts from members and depositors also at a record level of £201,576. Compared with 175 other building societies which have published their results for 1969, the C.B.S. showed the sixth greatest recorded growth rate, at 17.06 per cent compared with an average of 11.5 per cent.

This high level of investment enabled the directors to increase the amount advanced for house purchase by 19 per cent over the previous year to f137,740 on 48 loans.

Within the next month or so, forecasts Mr. G. Raymond Ellis, the society's chairman, the total amount advanced for house loans since the society was founded ten years ago will reach £1,000,000.

A high yield investment scheme linked to life insurance may well be introduced this year.

University's plan for ex-Convent

PLANNING permission has been granted by Uckfield Rural Council for the United States International University to change Ashdown Park, the former Catholic convent at Forest Row, East Grinstead, from a residential to educational use.

The university, based at San Diego, California, wants to move its English headquarters from Burnham, Bucks, to Sussex where the premises are larger. Ashdown Park was for 50 years a Catholic training centre. It was offered for sale last autumn for £250,000.

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