§ Mr. Finlayasked the Minister of Housing and Local Government if, taking into account the current level of rentals of houses in new towns, together with the rates of interest payable on loans to development corporations, he will take steps to have the present level of new town housing subsidies re-examined.
§ Mr. H. BrookeThe housing subsidies and additional grants payable in respect of houses built by new town development corporations were increased from £29 8s. 0d. to £32 a year by the Housing Subsidies Act, 1956. I do not think there is a case for further increase. The interest rate on advances to development corporations was reduced by ¼per cent. as from 16th February.