§ Mr. E. J. WILLIAMSasked the Chancellor of the Exchequer whether he will take steps to authorise the Public Loans Board to reduce the interest charges on loans contracted for working-class dwellings, in order that local authorities may grant relief to poor tenants in special areas
Mr. CHAMBERLAINThe concession suggested by the hon. Member would involve the payment by the State of a subsidy to enable the Local Loans Fund to meet its existing obligations, and I am unable to entertain the suggestion.