I thank the right hon. Gentleman for that reply. However, does not he think that the reduction in interest rates coupled with the large inflows of funds to the societies means that some positive steps could be taken either by the societies or by the Government, or both? In view of the simultaneous rise in mortgage rates which people with local authority mortgages are having to pay, if the right hon. Gentleman cannot get the building societies to help him to reduce rates will be discuss with them a posssible reallocation of the sums of public money available, so that money could be made available to local authorities for a reduction in interest rates for people who have local authority mortgages?