§ 70. Mr. WATT
asked the Chancellor of the Exchequer whether he will introduce legislation debarring mortgagees of house property who have lent money on such before the War from raising the rate of interest chargeable on such loans, in view of the facts, first, that the Court (Emergency Powers) Act of 1914 has proved ineffective in bringing about this result, notwithstanding the statement of his predecessor that it would do so, and, second, 1952 that such advances in rates of interest are bound to tell in advancement of the rents of working-class houses?
§ The CHANCELLOR of the EXCHEQUER (Mr. McKenna)
I would refer my hon. Friend to the reply which I gave on this subject on Wednesday last, in answer to my hon. Friend the Member for North-West Lanarkshire.