The housing question

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Monograph

Identifikator:: 1023104237

URN:: urn:nbn:de:zbw-retromon-61777

Document type:: Monograph

Title:: The housing question

Place of publication:: London

Publisher:: George Allen & Unwin Ltd.

Year of publication:: 1922

Scope:: 1 Online-Ressource (125 Seiten)

Collection:: Economics Books

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THE HOUSING QUESTION 119 Those are the words of an honest man. No wonder Sir Alfred Mond fails to understand them. Mr. Trevelyan Thomson hit the nail full on the head in the same debate, when he said :— . . Why cannot we afford it ? ” Sir F. Banbury : " Because we have not the money.” Mr. Thomson : " Did we tell that to the bondholders ? Surely we are as much pledged to provide houses as we are to provide interest for those who found the funds for War Savings Certificates and War Loans. When, a few weeks ago, it was suggested from these benches that economy might be effected by cutting down the rate of interest which was being paid on War Stock, a tremend ous howl went up from the economists on the other side, and I agree with them. But I ask that the same fairness and justice of treatment in redeeming promises which it is desired to give to those who invested in War Stock, in response to pledges given to them, shall be given in respect of the promises to the men who went overseas, and who were told that when they came back they should not suffer, that houses fit for heroes should be found for them. . . .” Sir Frederick Banbury, replying to Mr. Thomson, gave the true Coalition reply :— "... I am glad the Hon. Member for Middlesborough (Mr. Thomson) is in his place, because he commenced his rather unbusinesslike speech, if he will allow me to say so, by stating that we had made promises to pay interest to people who had invested their savings in war stock and that when people suggested that that interest should be cut down the answer was that promises had been made, and I understood the Hon. Member to say that he agreed with the people who objected to the interest being cut down, but he thought that because promises had been made to build houses the State should carry out those promises.

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