New Clause. — (Loans to companies for housing.)

Part of Orders of the Day — Finance Bill. – in the House of Commons on 13th July 1922.

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In the application of Section sixty-seven of the Housing of the Working Classes Act, 1890, to any company established for the purpose of constructing or improving or of facilitating or encouraging the construction or improvement of dwellings for the working classes, which does not trade for profit, or whose constitution forbids the issue of any share or loan capital with interest or dividend exceeding the rate for the time being proscribed by the Treasury, paragraph (d) of Sub-section (2) of the said Section sixty-seven, shall have effect as if the words "seventy-five per cantum" were substituted for the words "one moiety."