Clause 4. — (Subsidies for Flats in Blocks of Six or More Storeys.)

Part of Orders of the Day — HOUSING (FINANCIAL PROVISIONS, &c.) (SCOTLAND) BILL – in the House of Commons at 12:00 am on 21st February 1967.

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Photo of Mr Gordon Campbell Mr Gordon Campbell , Moray and Nairnshire 12:00 am, 21st February 1967

The hon. Gentleman is talking in terms of interest at 7 per cent. In two or three years hence we hope that interest rates will not be so great. It is no use taking the subsidy calculated for this year because of the economic crisis. We hope that there will not be an economic crisis so long as the Labour Government are in office, but that apparently is what the hon. Gentleman is catering for.