§ Sir F. WISE
asked the Chancellor of the Exchequer the grants by the Unemployment Grants Committee in respect of capital expenditure in 1922–23, 1923–24, and the first three months from 1st April to 30th June, 1924?
The amount of loan approved for grant in respect of capital expenditure by local authorities on unemployment schemes in the periods in question was as follows:
£ 1922–23 11,059,088 1923–24 18,416,151 1924–25 (1st April to 30th June) 2,303,210
In addition, schemes promoted by public utility companies have been approved to 1133W the extent of £1,734,561 for 1923–24 and £223,346 in 1924–25 (1st April to 30th June).
The grants paid in the periods in question have been as follows:
£ 1922–23 83,453 1923–24 490,249 1924–25 (1st April to 30th June, 1924) 81,729
These figures represent contributions towards the annual charges on loans raised by local authorities in carrying out approved schemes. In addition, £41 was paid during the last-mentioned period to a public utility company. For the annual burden on the Exchequer for the next 15 years the hon. Member is referred to Table B, page 5, Command Paper 2082 on Unemployment.