HC Deb 09 August 1966 vol 733 cc297-8W
47. Mr. Lubbock

asked the Minister of Housing and Local Government by what percentage the repayment and in- terest charges on local authority housing schemes would be reduced if the permitted repayment period was extended from 60 to 70 years, if the money is borrowed at the current Public Works Loan Board rate of 6⅞ per cent.

Mr. Crossman

If the loan is assumed to have been raised on an annuity basis, the annual repayment would be reduced by 0.86 per cent.