§ 54. Mr. SPOORasked what is the estimated amount required to be raised by loans from the Public Works Loan Commissioners for housing schemes of local authorities with a rateable value of less than £200,000 for the year 1920–21?
§ The CHANCELLOR of the EXCHEQUER (Mr. Chamberlain)The amount depends on the rate of building, and also on the extent to which the smaller local authorities are able to raise money without recourse to the Local Loans Fund. I prefer, therefore, not to give any estimate at the present time, but the sum will undoubtedly be a large one.
I would like to take this opportunity of saying that these small authorities should use every endeavour to raise all the money they can, apart from the Local Loan Fund, in order that the Local Loan Fund may be made to go as far as possible.