§ 41. Mr. MANDERasked the Prime Minister if he will take steps to ensure that building societies shall reduce the rate of interest payable on loan stock, with a view to reducing the cost of acquiring housing accommodation and increasing activity in the building industry?
§ Mr. BALDWINNo, Sir. The matter is not one in which Government action could be justified.
§ Mr. MANDERDoes not the right hon. Gentleman think that an expression of opinion from him would probably be quite sufficient to do all that is required?
§ Mr. BALDWINIf my opinion would be so valuable, I must, of course, exercise some reserve in giving it.