Part of the debate – in the House of Commons at on 6 December 1920.
Mr Noel Billing
, Hertford
had given notice of the following question:—
43. To ask the Prime Minister whether he will state why the Treasury are insisting on local authorities taking up the total amount of their housing loan forthwith, seeing that this money bears interest at the rate of 6 per cent., and that, owing to the backward- ness of municipal building schemes, they are unable to make present use of this money and therefore are re-investing it in Treasury Bonds bearing interest at the rate of 6½ per cent.?