The arrangements made by the Government for the supply of capital for local authorities ensure that they will obtain the full benefit of the Government's cheap money policy. The Government also recognise that, for housing, cheap money will by itself be insufficient in present circumstances, and that further financial assistance from the central Government will be necessary. They consider, however, that this further assistance should take the form of subsidies provided on Votes, and so brought openly to the notice of Parliament, and should not be in the concealed form of concessions on rates of interest.