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Thursday, 11 October 1956


Mr FAIRHALL (Paterson) (Minister for the Interior and Minister for Works) .- I move-

That the bill be now read a second time.

The purpose of this bill is to authorize the raising pf loan moneys totalling £32,150,000 for financial assistance to the States for housing. The moneys will be advanced to the States in accordance with the terms of the Housing Agreement between the Commonwealth and the States, to be executed in pursuance of the Commonwealth and State Housing Agreement Act 1956. Of the total amount of £32,150,000 which it is estimated will be advanced to the States in 1956-57. £25,720,000 will be available for the erection of dwellings by the States. The balance of £6,430,000 must be allocated by the States to building societies and other approved institutions for lending for private home building. The estimated amount of £32,150,000 is allocated among the States as follows: -

 

Debate (on motion by Mr. Edmonds) adjourned.







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