§ Mr. Malcolm MacMillanasked the Secretary of State for Scotland what was the average cost of building a four-apartment local authority house in Stornoway in 1950–51; what were the total interest charges repayable over the 60-year loan period; and what are the corresponding figures at present building cost and interest levels.
§ Mr. NobleTenders approved in March, 1951, included 4-apartment houses in Stornoway costing £1,990. If that sum were borrowed at the Public Works Loan Board rate then current, repayment spread over 60 years on the normal annuity basis would involve interest charges to an arithmetical total of £2,313. Corresponding figures for tenders approved it November, 1963, are £2,668 cost and £6,854 interest charges.