§ Mr. Randall
asked the Minister of Housing and Local Government and Minister for Welsh Affairs how many sub-standard houses are in occupation in the Borough of Gateshead; what would be the total cost of replacing these houses at £1,500 per house after interest has been paid for 60 years at the current rate of 5¾ per cent.; and what would be the reduction in total cost if interest rates were restored to 3¼ per cent.
§ Mr. H. Brooke
The information available does not distinguish between unoccupied and occupied unfit dwellings. At 30th June, 1959, 1,016 unfit houses had been demolished since the Council submitted their proposals under Section 1 of the Housing Repairs and Rents Act, 1954 for dealing with an estimated total of 4,023 unfit dwellings.
On the assumption that a further 3,000 replacement dwellings are to be provided to deal with the remainder, the Answers to the second and third parts of the Question are £16,059,000 and £5,802,000, both figures assuming that repayment would be by way of half-yearly annuities.