§ Mr. Shinwell
asked the Minister of Housing and Local Government and Minister for Welsh Affairs if he will state the accumulated surplus of the new towns over the period of construction.
§ Sir K. Joseph
The published accounts of the development corporations in England and Wales and of the Commission for the New Towns show an accumulated deficiency on revenue account of £2,638,577 at the end of March, 1963. I estimate that the deficiency had been reduced to approximately £2 million by the end of March this year.