§ 32. Sir A. M. SAMUELasked the Minister of Health the average economic rental required to cover the cost in the home counties of subsidy houses built by public authorities prior to January, 1932, costing £400; and will he state the average rentals now charged by those authorities for such houses?
§ The PARLIAMENTARY SECRETARY to the MINISTRY of HEALTH (Mr. Ernest Brown)The approximate average economic rental of houses built by local authorities costing £400 assuming a rate of interest at 5 per cent, and return of capital over 60 years would be about 10s. 6d. a week. My right hon. Friend has no information as to the average rental now charged by local authorities for such houses erected under the Housing (Financial Provisions) Act, 1924, but they should be able to let such houses at approxmately 6s. 6d. a week.
§ Sir FRANCIS FREMANTLEIs that figure exclusive of rates?
§ Mr. E. BROWNThat is the rental.