HC Deb 01 April 1958 vol 585 c105W
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.

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