52. Mr. A. RAMSAYasked the Chancellor of the Exchequer whether, in view of the national advantages to be gained by the increase of loan capital expenditure, he will, before formulating his Budget proposals, assure himself of the extent to which such views are supported by Members of the House of Commons?
§ The CHANCELLOR of the EXCHEQUER (Mr. Chamberlain)I do not think I can usefully add anything to the statement which I made on this subject yesterday.
§ Mr. HERBERT WILLIAMSDoes not my right hon. Friend think that the debts of local authorities have increased, are increasing, and ought to be diminished?