§ 60. Mr. MANSFIELDasked the Minister of Health if he will consider lending money, at a low rate of interest, to local authorities who are anxious to build houses; and if there is any intention to increase Government grants for this purpose?
§ Mr. GREENWOODThe policy of the Government is to give assistance to local authorities in the provision of houses by means of direct Exchequer subsidy payable out of voted moneys, and not by the means suggested by the hon. Member. The amount of grant payable to local authorities was fully considered in connection with the Housing (Revision of Contributions) Act of the present Session.
§ Mr. SMITHERSWhat interest is charged by the Exchequer to the local authorities for these grants?
§ Mr. GREENWOODNo question of rate of interest arises at all. The grants are payable per house built; the money is handed over, and there is no question of interest.
§ Mr. MUGGERIDGEHas the Minister considered the use for this purpose of the money in the Post Office, which is contributed at a low rate of interest?