§ 38. Mr. ROWLANDSasked the Secretary to the Treasury whether the Local Government Board have authorised the Foots Cray urban district to raise a loan of £2,050 for the purpose of erecting council offices; whether the council applied to the Public Works Loan Board for the loan and received a reply that they were unable to lend owing to the limited amount of funds placed at their disposal; and, whether, in view of the desirability of creating means of employment at the present time, an arrangement can be made to meet such cases?
§ The FINANCIAL SECRETARY to the TREASURY (Mr. Montagu)After full consideration it has not been found possible to relax the existing restrictions on advances from the Local Loans Fund; 765 but in cases where serious unemployment exists in the building trade arrangements are being made for direct Exchequer loans to provide funds for housing and public works.