§ 87. Sir ROBERT THOMASasked the President of the Local Government Board whether he is aware that there is a good deal of misunderstanding in regard to the application of the 1d. rate in connection with the Government's housing policy; and whether he will give an undertaking that when the houses are valued in seven years'time there will not be, in any change of the financial arrangements, a heavier burden upon the local rates than the 1d. which is to be charged for the first seven years?
§ Major ASTORThe Local Government Board's Circular of the 6th February makes it quite clear that, at the final adjustment to be made at the end of seven years, the future annual subsidy will be fixed at an amount calculated to cover any excess of expenditure over income, be far as such excess cannot be met by the produce of a 1d. rate. I will send the hon. Member a copy of the Circular.