HOUSING SCHEME.

Press, Volume LXIII, Issue 18900, 15 January 1927, Page 15

HOUSING SCHEME.

NEW SOUTH WALES PROPOSALS. CHILD ENDOWMENT PLAN HELD OVER. (BT CABLE—PRESS ASSOCIATION— COPIBIGHT.) (AUSTRALIAN AND N.Z. CABLE ASSOCIATION.) SYDNEY, January 14. The sub-committee of the Parliamentary Labour Party, reporting on the Government's proposed housing scheme, recommended that legislation in conformity with tho report, of the Labour caucus be passed immediately. Commissioners of tho Government Savings Bank should bo empowered to advance from the bank's funds up to 90 por cent, of tho capital cost of a residential property. The report adds that tho Commissioners informed the committee that they were prepared to advance at least an additional £500,000 in the remainder of the financial year for a more extensive scheme, over and above the £1,600,000 which they estimated would be advanced under the existing scheme. In approved cases, where tlie commissioners are satisfied that advances beyond 90 por cent, are justified, the Government shall bo responsible for any additional advance over and above 90 por cent. The commissioners should have power to grant exemption from tie life insurance provisions of the scheme where they are of the opinion that hardship would result from insistence on such provisions. The Hon. J. T. Lang is meeting so many obstacles to tho establishment of child endowment, both constitutional and financial, that there is a likelihood that the scheme will be held in abeyance until next session, by which time the Government will have been enabled to find a moans of, overcoming difficulties.