HC Deb 05 June 1956 vol 553 c875
43. Mr. E. Johnson

asked the Chancellor of the Exchequer if he will prepare plans to invite subscriptions to a loan for road construction.

Mr. H. Macmillan

No, Sir. I do not think this method of financing road construction desirable in present circumstances.

Mr. Johnson

Does not my right hon. Friend agree that such a loan would not only hclp to defray the cost of building modern roads, which are so badly needed, but would also be a most effective way of attracting new savings? Would not people invest much more readily in a project of this kind, of which they would approve, than in the more conventional type of Government security?

Mr. Macmillan

That is a matter for consideration. I have tried to widen the general scope of saving.