HC Deb 31 March 1926 vol 193 cc2059-60W
Lieut.-Colonel HORLICK

asked the Minister of Health the capitalised value of all subsidies payable on houses completed, under construction, or authorised since 1st January, 1919; and on what date taxpayers and ratepayers will be free from all existing housing liabilities?

Mr. NEVILLE CHAMBERLAIN

The Exchequer subsidy payable in respect of schemes under the Housing Act of 1919 depends on the rate of interest payable in the future by local authorities in respect of their loans, and on other variable factors. The annual payments for England and Wales at present amount to about £7,120,000. It is expected that the payments which will continue until about 1985 will be considerably reduced in the course of years, but it is not possible to frame any reliable forecast of the reductions nor to state the capitalised value of the subsidies which will be payable. The capitalised value of the Exchequer subsidies which will be payable on houses authorised under the Housing Acts of 1923 and 1924 is approximately £38,000,000 for England and Wales. Contributions from rates and taxes in respect of present housing commitments will continue until 1985.

Lieut.-Colonel HORLICK

asked the Minister of Health the estimated capitalised value of subsidies payable out of the rates towards all local authorities' houses built, under construction, or authorised since 1st January, 1919?

Mr. CHAMBERLAIN

The contribution of local authorities in England and Wales in respect of schemes under the Housing Act of 1919 is the produce of a ld. rate in each year. The contribution which for the current year amounts to about £900,000 will increase as the assessable value of properties increases, and will continue until 1980; but it is not possible to form any reliable estimate of the capitalised value of the contribution over the whole period. The contribution from rates in respect of houses provided under the 1923 and 1924 Acts is the amount required to cover the balance of loss year by year after allowing for the fixed Exchequer subsidy of £6 per annum for 20 years, and £9 per annum for 40 years respectively. I regret that I am unable to give any estimate of the rate liability ender those Acts.

Lieut.-Colonel HORLICK

asked the Minister of Health the total amount of moneys already paid by the Exchequer as contributions towards housing schemes of all kinds since 1st January, 1919?

Mr. CHAMBERLAIN

The payments by the Exchequer in England and Wales from 1st January, 1919, to date, amount to £45,617,043.

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