Dr. Addison's announcement of his resignation was preceded by a
statement from Sir Alfred Mond, who said that the number of houses to be erected by local authorities would be limited to 176,000, that being the number for which tenders had already been approved. Sir Alfred Mond also said that the expenditure which had been incurred with the approval of the Minister of Health would rank for financial assistance under the scheme, which limited the liabilities of local authorities to the product of a penny rate. Plans were also described for modifying the subsidies to private builders, and finally Sir Alfred Mond stated that a financial contribution not exceeding £200,000 would be made towards improving slum areas. This contribution would be continued during the whole time of a loan raised by the local authorities to meet the necessary expenditure.
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