§ 82. Mr. Frank Allaun
asked the Minister of Housing and Local Government what representations he has received about back-dating 4 per cent. loans on council house building; what would be the approximate cost to the Government of back-dating them from November, 1965, to November, 1964, and to November, 1963; and if he will make a statement.
§ Mr. Crossman
My right hon. Friend the Secretary of State for Wales and I have received representations from 11 hon. Members, 24 local authorities and 1 local authority association. The extra 205W cost in England and Wales of putting back the qualifying date would be:
To November, 1964:
About £1 million in 1966–67 and about £8 million in each subsequent year.
To November, 1963:
About £8 million in 1966–67 and about £15 million in each subsequent year.
I am not at present in a position to make any further statement.