Local Authorities (Bank over-Drafts).

Oral Answers to Questions — Housing. – in the House of Commons on 2nd August 1922.

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Photo of Colonel Sir Walter De Frece Colonel Sir Walter De Frece , Ashton-under-Lyne


asked the Minister of Health how many local authorities, guardians and municipal, have, so far as his information goes, been notified by the banks that the latter cannot permit any more overdrafts; whether he will give the names of each such authority and the poor and general rate in each respective case; and has he any evidence to the effect that the rates are being unduly kept down to relieve the ratepayers and in the hope that more State assistance will be forthcoming?

Photo of Sir Alfred Mond Sir Alfred Mond , Swansea West

The number of such, cases within my knowledge is quite small. I am sending the hon. Member a note of the particulars he desires. I think it is possible that in some cases the hope of a State grant has led to a reduction of the amounts raised by rates and so to an increase of temporary borrowing.