§ 74. Mr. Mitchisonasked the Minister of Housing and Local Government in which new towns negotiations are in progress or arrangements have been made for the leasing of the town centre or a substantial part of it to Ravenseft Properties Limited or other development companies; and what is his estimate of the effect of such leases on the revenues of the development corporations concerned and on the rents charged by them for houses.
§ Mr. SandysSeveral of the new town corporations have it in mind to lease parts of their commercial centres for development by such companies. Small110W areas have already been leased to Ravenseft Properties Limited, in Aycliffe, Harlow and Peterlee. A satisfactory return is received from these leases, which have no effect on housing rents.