§ Mr. Hayhoeasked the Secretary of State for the Environment what is the estimated total capital debt of the GLC and of the individual London boroughs; and what limits are imposed upon their borrowing powers during the current and the next financial year.
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§ Mr. OakesThe latest published figures for the gross loan debts of the GLC and London boroughs are as at 31st March 1973. The figures are:
London Borough Total gross loan debt £000 Barking 59,516 Barnet 64,945 Bexley 52,679 Brent 79,229 Bromley 72,771 Camden 117,518 Croydon 85,898 Ealing 69,883 Enfield 85,592 Greenwich 66,261 Hackney 101,886 Hammersmith 49,854 Haringey 92,642 Harrow 29,922 Havering 52,671 Hillingdon 73,693 Hounslow 75,486 Islington 104,649 Kensington and Chelsea 43,095 Kingston upon Thames 35,636 Lambeth 93,563 Lewisham 80,402 Merton 42,563 Newham 128,395 Redbridge 48,218 Richmond upon Thames 29,794 Southwark 128,152 Sutton 35,416 Tower Hamlets 62,907 Waltham Forest 78,664 Wandsworth 99,382 Westminster 97,273 City of London 120,016 Greater London Council 1,312,020 The GLC money Bill would authorise borrowing of £518.2 million by the GLC for 1975–76, together with an additional sum of £64.0 million which must be authorised by the Treasury. No authorised borrowing figures are available for individual London boroughs. These would depend on approvals for individual projects within the key sector.