Waterloo Public Library Digital Collections

Waterloo Chronicle (Waterloo, On1868), 13 Nov 1974, p. 9

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GIVE BLOOD Mortgage loans by _ banks up 82 billion Figures to June 30, the latest available, indicate that total residential mort- gage loans by the banks in Ontario were up 31.5 per cent to $2 billion from a year earlier. The increase was 39.5 per cent for the year earlier. The increase was 39.5 per cent for the 'ear to June 30, 1973. These figures are from a recent summary of bank- ing industry statistics pre- pared by the Bank of Can- ada, the CBA said. They represent totals outstanding on specific dates and thus do not indicate the full ex- tent of advances and re- payments during the period. generally, growth in b: loans is still the Canadian sociation (Cl cently. up 94.5 per Ct 12-month IN gages insure National Hou a lesser rise l to $1.18 billion During 1973 the chartered banks in Canada accounted for 31 per cent of residential mortgage loan approvals by private lending institu- tions compared with 13 per cent in 1967 when the Bank Fii, was revised. Since 1967 the banks have also increased their needs This reflects the fact that their mortgage lending procedures and interest rates are generally among the most attractive among private. lenders, the CBA said. have also incre residential mort by 550 per cent their growing ' Henhmne' "y"" gum-con” v5;- day her intentions to seek ne-elecuon to city council. Mrs. Mewhinney. first elected to council in 1972, has served as chairman of the community services committee, on the execu- Mewhinney to ' seek re-election Despite an apparent slow- twn in mortgage lending merally. year - to .. year 4fiii' the nation's (CBA) 67 the increased mortgage cent, indi nk mortgage considerable, Bankers' As- the banks eased their tgage loans t, indicating contribution " housing said H Jane ['ii2tiiF"'r"- 1“" - . ‘ ' 'r'. 7" '9 = ' 5:1: Rt RD 'a lb, / li , . _ A' (5"i,,5 ~ L hm 5)i C'l' ' A former nurse, Mrs. Mewhinney is a native of Waterloo having attended St. Louis School. St. Mary's High School and the school of nursing at St. Mary's Hospital. On Friday alderman Mew- hinney said she intends to campaign on the pledge to provide the public with ac- cessability to both munici- pal and regional govern- Mrs. Mewhinney is mar- ried and has two children. I've of the K-W Social Plan- ning Council and on two re- glonal government com- mi t t e e 8 (environmental and legal aid ). 1lFs o "-9 VF V "we ‘ ‘ " _ FL', b a Tite tilu') iiocp g ii! JiDi,'igg.) at itii9' frawqcsnf:::\“ tfii Cd (lj?itfii'iiii, Pl il'lii 'ii5iiiij. K“ - ul CT r let fl E I e "lt" I iftii)5 lit "I. Em CCP' l?, I underneath the , . A':':':"'::"""':;"'!"'?"';" Christmas Tree WESTMOUNT PLACE SHOPPING CENTRE bottfii't) As usual. . .exchange or Refund within 5 days JUNIOR JUNIOR BAZAAZ WATER L00 SQUARE See Our 1/2 PRICE SECTION Dr. N.H. Tayior, acting WLU president presents Suzanne Todd with'a cheque for S1 .000. Suzanne, along with Terence Billo and Robert Glofcheski receiv- ed the Brent Scholarships for standing at the top of their classes in the uni- versity's school of business and economics. and Daily Until 6 pm. Thursday and Friday Until 9 pm " P1t1rrt"'tmrttin-s.vmot-ttt.rts. mu ' Three students at Wilfrid Lauder University have been awarded 81.“ Brent Scholarships for standing at the top of their classes in the WLU School of Busi- ness and Economibs. Receiving the scholar- ships at a luncheon on cam. pus were Suzanne Todd of Robert Glofcheshi of 138 Louisa Street, Kitchener, second year honors econo- mics with mathematics op- tion; and Terrence Billo of 383 Dumfries Ave., Kit- chener, third year honors pus were Suzanne Ton” of 339 Longfellow Drive, Wa- terloo. who won the award for accomplishments in first year honors business; $1,000 to students'

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