HC Deb 11 December 1962 vol 669 cc38-9W
Mr. W. Clark

asked the Minister of Housing and Local Government and Minister for Welsh Affairs if he will state the capital investment of all local authorities in England and Wales for each of the last five years to the latest convenient date; and if he will divide these figures into the various sources of such investments between Public Works Loan Board, issues on a stock exchange and investment from individuals.

Mr. Corfield

The capital investment of all local authorities in England and Wales for the five years 1956–57 to 1960–61—the latest available figures—was as follows:

£ million
1956–57 561
1957–58 535
1958–59 516
1959–60 573
1960–61 626

A part of this capital investment was met by Government grants, from proceeds of the sale of land and buildings and from revenue accumulations. The remainder was met by the raising of loans, details of which are as follows:

Loans raised from
Total loans raised* Public Works Loan Board† Stock Issues Other Sources
£m. £m. £m. £m.
1956–57 501 110 57 334
1957–58 471 107 38 326
1958–59 464 37 38 389
1959–60 513 40 54 419
1960–61 530 36 58 436
"Other sources" include private individuals, institutions, public companies and other accounts of the local authorities. It is not possible to identify the amounts borrowed from private individuals.
Sources: *Local Government Financial Statistics.
†Public Works Loan Board annual reports.

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