§ 41. Mr. BRIANTasked the Minister of Health what is the total sum of money which it is estimated must be raised by means of municipal housing bonds during the current year if the full housing programme of the Government is to be carried out; and what is the total sum of money raised by the sale of these bonds to date?
§ Dr. ADDISONThe total sum required for housing purposes for the year is estimated at £120,000,000, but it is impossible to say how much of this will be raised by local housing bonds, mortgages of rates, or issue of stock respectively. As regards the amount raised by local housing bonds, I would refer the hon. Member to the replies given on 6th May and 18th June to the hon. Members for Dulwich and Lincoln respectively, of which I will send him copies. The returns for June are not yet available.
Lieut.-Colonel J. WARDWill the right hon. Gentleman issue a circular to friendly societies and trade unions who are greatly interested in this business requesting them to invest their surplus funds in housing bonds and assist to house the people of the country?
§ Dr. ADDISONI know that some trade unions have already made substantial contributions, but I am indebted to my hon. and gallant Friend for his useful suggestion.