§ 40 Sir S. HOAREasked how much money it is estimated will be raised by local housing bonds?
§ Dr. ADDISONUntil I have had some experience of the scheme in its actual working, I do not think I can usefully give the estimate for which my hon. and gallant Friend asks.
§ Sir S. HOAREHas the right hon. Gentleman any general estimate in his mind? I presume he has some figure in his mind as to what sum will be raised in this way?
§ Dr. ADDISONWe are hoping that the authorities who will be authorised to issue these bonds will be able to raise sufficient money to finance their housing schemes. Whether that is so or not remains to be seen.
§ Sir S. HOAREHas the right hon. Gentleman considered the amount likely to be raised in this way. He must have some figure in his mind?
§ Dr. ADDISONI really cannot say we have any in our mind. I can tell the hon. and gallant Gentleman the amount that is required.
§ Sir M. DOCKRELLIs the right hon. Gentleman aware that the Dublin Corporation, who possess a very big fee-simple estate, wished to borrow a million pounds the other day from the Irish banks, and the Irish banks unanimously refused to lend them the money for housing purposes?
§ Dr. ADDISONThat may be a reflection on the Dublin Corporation.