§ Mr. Brockwayasked the Minister of Housing and Local Government and Minister for Welsh Affairs what proportion of the cost of houses in the borough of Slough and of rent was due to land charges ten years ago, and in the last five years for which figures are available.
165W
§ Sir K. JosephThe following table gives such information as is readily available:
Year ended 31st March Purchase Price of Land as Percentage of Total Cost of Local Authority Houses (not Flats or Bungalows) completed in the year Loan Charges on Land Cost, expressed as Percentage of Rent originally charged for Local Authority Houses built in the year 1953 4.3 4.8 1959 4.2 5.8 1960 5.4 7.7 1961 5.1 7.3 1962 No houses built No houses built 1963 2.9 3.7 Notes: (1) The loan charges in the final column have been calculated on the interest rate charged at the time or, in some cases, on the average interest rate payable on the Corporation's pooled housing debt. (2) Rents originally charged on houses built in 1961 and earlier years have since been increased. (3) The percentages have been calculated on rent actually charged, not on gross annual costs. Rents are assessed so as to cover net costs, after taking account of Exchequer subsidy, rate fund contribution, and surplus on earlier houses.