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Municipal Undertakings (Renewals And Developments)

Volume 154: debated on Tuesday 30 May 1922

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asked the Minister of Health whether his Department has considered the desirability of permitting local government authorities to set aside each year a sum of money for renewals and developments with the object of spending the aggregate, as far as possible, when there may be trade depression and extensive unemployment?

The question of making general provisions for renewal funds is being considered. Many local authorities now have power to accumulate renewal funds for trading undertakings. The accumulation of a fund for future developments is a different question and, on the whole, of doubtful advantage.