Note: Where available, the PDF/Word icon below is provided to view the complete and fully formatted document
 Download Full Day's HansardDownload Full Day's Hansard    View Or Save XMLView/Save XML

Previous Fragment    Next Fragment
Tuesday, 12 May 1970

Mr Whitlam asked the Treasurer, upon notice:

What would it cost to end each of the rationing schemes imposed on the War Service Homes Division by the Menzies Government in 1951 and 1962.

Mr Bury (WENTWORTH, NEW SOUTH WALES) (Treasurer) - The answer to the honourable member's question is as follows:

It is assumed that the reference to so-called rationing schemes' relate; to changes in War Service Homes arrangements implemented in 1951 and 1962 to ensure. that the funds appropriated for War Service Homes were used as far as possible for the provision of homes in accordance with the purpose of the Scheme rather than to improve the position of those already owning a home. These changes were:

(a)   In 1951, the suspending of advances for the discharge of an existing mortgage on a home already owned by the applicant except where the mortgage or charge was arranged with prior ..approval or in special cases of great hardship; and

(b)   In 1962, the limiting of additional advances - to the provision of essential extra accomodation and the installation of basic utility services.

Any estimate of the present cost of re-introducing the forms of assistance suspended in 1951 and 1962 must necessarily be tentative because of the many variables involved; subject to this important qualification, the cost in the first full year is estimated at $20 million.

Suggest corrections