§ 61. Major Bevinsasked the Chancellor of the Exchequer to what extent the capital cost of £35,000,000 on housing, announced by him on 24th October, 1949, related to 1950 and to what extent to 1951; and whether the restoration of the cut requires the balance of the capital investment programme to conform.
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§ Sir S. CrippsWhen the capital cuts were announced last October it was stated that the reduction would take place as quickly as possible but that the process would have to be gradual if dislocation of work already in progress were to be avoided. It was not expected that the reduction of £35 million in the housing programme would become effective before the end of 1950. With regard to the second part of the Question, the restoration of the cut would cause a small increase, the size of which it is too early to estimate, in the total investment programme for 1950; in 1951 the housing programme will be accommodated in the general investment programme with necessary adjustments elsewhere.