Tecbnobureaucracy andcitylife (PART TWO) NINO STAFFA SOURCES OF FINANCE AND ACCESS TO FINANCE The predominant sources of finance for house purchase in Britain are the building societies. As the following tables show, building societies provided between 79% and 95% of gross advances for house purchase between 1967 and 1976. They also provided between 79% and 93% of total advances in the same time period. Table 6: Gross Advances for House Purchase 1967-1976: United Kingdom Value of gross advances percentage shares Total value Building Local Insurance £m societies authorities companies 1967 ... ... 84 9 7 1,743 1968 ... ... 86 5 9 1,835 1969 ... ... 87 3 10 1.771 1970 ... ... 87 6 7 2,301 1971 ... ... 89 6 5 3,064 1972 ... ... 90 7 4 4,037 1973 ... ... 84 10 6 4,187 1974 ... ... 79 14 7 3,694 1975 ... ... 84 12 4 5,909 1976 ... ... 95 3 2 6,488 (37) 22
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