§ 46. Sir FRANK SANDERSONasked the Prime Minister whether, in view of the opportunity offered at the present time for obtaining cheap credit facilities, the Government will consider utilising this credit so as to give financial assistance for increased shipbuilding, the electrification of the railways, and the provision of houses at a rent within the means of the working classes, on a basis that would show an adequate return on the capital invested and at the same time provide work for the unemployed and give a stimulus to the depressed industries?
§ The PRIME MINISTER (Mr. Ramsay MacDonald)The cheapening of credit facilities has had some effect and will, I hope, have a still greater effect as time goes on in encouraging the undertaking of capital works. My hon. Friend's suggestion, however, appears to contemplate direct financial assistance by the Government in favour of particular forms of development. This is a highly controversial matter which could not be dealt with within the limits of the answer to a Parliamentary question.
§ Sir JOSEPH NALLHow does the right hon. Gentleman reconcile that answer and the policy indicated with the attitude adopted by the Government towards the new Cunarders?