§ Mr. John Fraserasked the Minister of Housing and Local Government what estimates have been made of the demand for local authority loans for house purchase in the area of Greater London, excluding loans for the purchase of council houses.
§ Mr. GreenwoodThe Greater London Council and London Boroughs sought authority to lend up to £96 million for house purchase in 1967–68. Loans are not normally required for the purchase of council houses, as the sale price is generally secured by a mortgage of the premises.
§ Mr. John Fraserasked the Minister of Housing and Local Government if he will publish in the OFFICIAL REPORT the total amount lent by local authorities for house purchase in the years 1964–65, 1965–66, and 1966–67, and the estimated lending in the year 1967–68; and if he will publish separately similar totals for lending by the Greater London Council and by the London boroughs.
§ Mr. GreenwoodThe following are the figures:
LENDING BY LOCAL AUTHORITIES FOR HOUSE PURCHASE, ENGLAND AND WALES Greater London Council £ million London Borough Councils £ million Other authorities £ million Total £ million 1964–65 … 53* 24† 102 179 1965–66 … 66 31 94 191 1966–67‡ … 38 27 70 135 1967–68§ … 30 21 79 130 * Former London County Council and Middlesex County Council. † Former authorities in area of present London Borough Councils. ‡ Provisional. § Allocations.