§ 31. Mr. RYE
asked the Minister of Health if it is the intention of the Government to advance money to approved building societies at a low rate of interest and for a fixed period of years, to enable such societies to accelerate advances required for the erection of houses for the working classes: and, if so, what amount will be advanced, at what rate of interest, and for what period?
§ The MINISTER of HEALTH (Mr. Neville Chamberlain)
No, Sir. The Housing Acts already make provisions for assisting the erection of houses by the grant of subsidies and by providing facilities for the raising of capital, including arrangements for the guaranteeing by local authorities of part of the advances by building societies.
§ Mr. CHAMBERLAIN:
have made inquiries of the Registrar of Friendly Societies and of the Building Societies Association, but statistics on the point referred to by my hon. Friend are not available.