§ 49. Mr. John Huntasked the Minister of Housing and Local Government what estimate he has made of the cost of implementing his recommendation to the Greater London Council that capital expenditure for housing should be charged to loan rather than met from revenue.
§ Mr. K. RobinsonIf the Council follows my right hon. Friend's recommendation it could during the current financial year reduce the expenditure on the Housing Revenue Account by about £2 million. The subsequent cost would depend on the period for which the expenditure was met from loan and the rate of interest throughout that period.