§ Mr. Corbettasked the Secretary of State for the Environment (1) whether he will list in theOfficial Report the (a) outstanding loan debt and (b) estimated current market value of those assets involved in transfer schemes which have been submitted for Aycliffe, Bracknell, Corby, Harlow, Peterlee and Stevenage;
(2) whether he will list in theOfficial Report (a) the outstanding loan debt and (b) the current estimated market value of those housing and related assets to be transferred from the Commission for the New Towns to the appropriate district council from 1st April 1978 at the time of valuation under the transfer schemes approved for Hemel Hempstead, Hatfield, Welwyn Garden City and Crawley.
§ Mr. Guy BarnettValuation of new town assets has not been a continuous task for the Commission for the New Towns or development corporations and information about current market values of property to be transferred to local authorities is not available. Such a valuation is not a requirement of transfer under the New Towns (Amendment) Act 1976 which provides for the transfer of 525W housing and related assets to take place on the basis of outstanding loan debt. The calculation of that debt cannot be completed until the final figures in their housing accounts for the current year are available from the Commission and from the development corporations for the towns where transfer on 1st April 1978 is proposed.