MUNICIPAL BANKING AND HOUSING
Municipal banking was well worth consideration in Wellington, said Mr. J. Tucker, a Labour candidate for the City Council, speaking at Ngaio. While Visiting England he had been permitted to see how the city of Birmingham fared under its municipal banking system, and the facts and figures submitted were convincing. The system was based on personal thrift and co-operation, coupled with determination and good management. In the first eight years of the municipal bank the public works committee and the estimates committee, who governed the housing policy of the city, showed in their report the creation of ne>7 'assets in people's houses amounting to £2,250,000. The Housing Act, 1930, made it obligatory on the Birmingham City Council to rehouse persons displaced because of demolition of unfit habitations. In a five-years' programme 3119 houses were destroyed in condemned areas, and 12,917 persons rehoused, eliminating overcrowding and fear of .disease.
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Evening Post, Volume CXXV, Issue 100, 30 April 1938, Page 7
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152MUNICIPAL BANKING AND HOUSING Evening Post, Volume CXXV, Issue 100, 30 April 1938, Page 7
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