§ 52. Mr. Wallace
asked the Minister of Housing and Local Government if he will now consider seeking to amend the Mortgage Option Scheme to allow opting out in cases where taxation changes, such as that operating on family allowances, have nullified the scheme's benefits.
§ Mr. MacColl
No. When the scheme incorporated in the Housing Subsidies Act, 1967 was being drawn up, it was the view of the Government Departments and lending agencies concerned that the giving of repeated options would gravely interfere with the working of the scheme.