Orders of the Day — Public Works Loans Bill

Part of the debate – in the House of Commons at 12:00 am on 12 November 1952.

Alert me about debates like this

Photo of Mr Charles Pannell Mr Charles Pannell , Leeds West 12:00, 12 November 1952

My hon. Friend says, "Listen with mother"; at least it will be an elementary lesson in so far as the facts were denied by the Chancellor of the Exchequer yesterday. I ask hon. Members to turn to Clause 2 and the observations on the second page of the Bill. They read almost like a Labour Party speech. My right hon. Frend the Member for Ebbw Vale (Mr. Bevan) might have made that speech. It explains why the Board have to write off no less a sum than £39,940. The hon. and gallant Member for Ilford, South (Squadron Leader Cooper) will appreciate that I am speaking about houses that were built at a time when the Tory Party had a real majority. It states: Kenfig Homes Limited.The loan was advanced during the years 1921–24 towards the cost of erecting 170 houses at Kenfig Hill, Port Talbot, Glamorgan. Soon after the houses were occupied there was serious unemployment in the district and economic rents could not be maintained.