§ Sir J. LEIGH
asked the Minister of Health what losses have been sustained by the Public Works Loan Commissioners owing to the sale of houses by public utility societies in the years 1923 and 1924; and what is the estimated loss for 1925 and 1926?
The amounts paid to the Public Works Loan Commissioners from moneys provided in the Vote for the Ministry of Health in order to indemnify the Commissioners against losses arising through the repayment by public utility societies, before the due date, of housing loans when the repayments are due to the sale of houses are:
The amounts required for future years depend on the number of sales anticipated. For 1925–26 the sum required has been estimated at £60,000. I am unable at this stage to estimate the amount required for 1926–27.
Year. £ 1923–24 … … … 75,080 1924–25 … … … 82,152