§ 46. Mr. H. H. SPENCER
asked the Prime Minister whether his attention has been drawn to the circulation in the country of the Minister of Health s calculations of the money that could be saved on house building if no interest were paid; and whether the paying of no interest on loans represents the policy of the Government?
§ Mr. CLYNES
My right hon. Friend was concerned to show how large a part of the annual cost of a house is absorbed by interest on loans and, therefore, that practically the whole of the proposed Exchequer subsidy is required to meet the increased charge due to the higher rates of interest now in force than were in force before the War.
§ Mr. CLYNES
That, was, in fact, answered by the Minister of Health a day or two ago in reply to a supplementary. It is not the policy of the Government to advance loans without interest.
§ Mr. SPENCER
May we take it that these widespread figures which the right hon. Gentleman's party are circulating all over the country represent mere stupidity or hypocrisy?
§ Mr. SPEAKER
The hon. Member ought to know that those are not phrases which I could pass in a question on the Notice Paper, and therefore they ought not to be introduced into a supplementary question.