§ Mr. Clark Hutchisonasked the Secretary of State for Scotland what discussion he has had with local authorities in Scotland and, in particular, with Edinburgh Corporation, to ensure that the house building programmes in Scotland are not disrupted or diminished by the eight per cent. Bank Rate.
§ Mr. RossNone for none are necessary. The local authorities are well aware that the system of subsidies introduced by the Housing (Financial Provisions &c.) (Scotland) Act 1967 ensures that the effective borrowing rate for local authority housing will remain 4 per cent.