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Subsidy

Volume 235: debated on Friday 21 February 1930

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asked the Minister of Health the total sum already paid from public funds as subsidies to those building houses since the Armistice; and the total sum agreed to be paid from public funds to those building houses since the Armistice?

The total sum paid to 15th February, 1930, on account of Exchequer subsidy in respect of houses built since the Armistice has beenĀ£82,832,993. The Exchequer subsidy in respect of houses already built is payable for varying periods of from 20 to 60 years under the relative provisions of the Housing Acts, 1919 to 1926. The present annual Exchequer liability is aboutĀ£11,000,000 and, apart from increased provision necessary in respect of further houses, will be first reduced about the year 1940.