§ 55. Mr. Vernon Bartlettasked the Chancellor of the Exchequer whether he is considering the advisability of converting war savings campaigns after the conclusion of hostilities into a housing campaign which would enable the Government to lend money for rebuilding purposes at a low rate of interest and would also lessen the danger of excessive demands for goods still in short supply.
§ Sir J. AndersonUnder the proposals in the Local Authorities Loans Bill now before the House, the capital expenditure of local authorities on housing and other reconstruction services will be financed by loans at Government rates of interest and provided out of Government borrowing. If the Government in its turn is to find that finance in a sound and orderly manner, it must be able to command the largest possible volume of savings. I have already indicated the special significance of this scheme to the National Savings Movement, and I am sure that the Movement will make the fullest use of it in the savings campaign which they will undertake after the war.
Vice-Admiral TaylorIs it not essential that national savings should continue after the war is over?
§ Sir J. AndersonQuite essential, in my opinion.