§ 58. Mr. Ronald Chamberlainasked the Chancellor of the Exchequer whether, in view of the need for the curtailment of new capital expenditure, he will take steps to utilise the financial resources of building societies in connection with the Government's housing programme.
§ Sir S. CrippsNo, Sir. New capital expenditure is being curtailed by other means.
§ Mr. ChamberlainIs my right hon. and learned Friend aware that there is in fact a tremendous flow of mortgage repayments, which amounted last year to about £140 million, and in general this is not being used to the national advantage?
§ Sir S. CrippsIt would be very well invested in any of the Government securities.
§ Sir W. SmithersQuestion.