§ 46. Mr. Ormeasked the Minister of Housing and Local Government if he is aware of the financial difficulties facing the Salford Corporation arising out of its housing programme, particularly the rebuilding of the city centre in the Ellor Street area; and if he will make special loan sanction arrangements to assist authorities like Salford, faced with this tremendous job of rebuilding these cities.
§ Mr. MellishMy right hon. Friend fully appreciates the heavy financial burden that rebuilding involves in Salford and other big cities. The Government's Housing Subsidies Bill, however, will greatly increase the assistance which such authorities receive from the Exchequer by, in effect, reducing the loan charges on new building to 4 per cent.