§ Mr. Lewis
asked the Minister of Housing and Local Government and Minister for Welsh Affairs whether he is aware that in the third quarter of 1951 the average tender price of a three-bedroom council house was £1,403, that the total cost of interest and repayment charges, assuming a loan raised over 60 years at the rate of interest charged by the Public Works Loan Board at the end of the relevant quarter was £3,033 12s., and that by the third quarter of 1956 these figures had increased to £1,487 and £5,103 18s. 7d., respectively; and what would be the relative figures for the third and fourth quarters of 1957, respectively.
§ Mr. H. Brooke
For the third quarter of 1957 the figures were £1,489 and £6,144 16s. 1d.; but the local authority was not bound to borrow at the current interest rate for the full period of 60 years. Figures for the fourth quarter are not yet available.