§ Mr. Hayes
asked the Secretary of State for the Environment what criteria are being used for the sale of property, particularly industrial property, by the Commission for the New Towns in pursuance of the instructions given by Her Majesty's Government to sell off properties at best value; and if he is satisfied with the criteria.
§ Sir George Young
The commission is expected to dispose of its commercial and industrial assets at a fair market price which gives the taxpayer a proper return on the public investment made. I am satisfied with the progress it has made within this framework. The detailed application in particular cases is largely a matter for the commission itself to determine in the light of its professional advice. If my hon. Friend is interested in any particular aspects, he may like to discuss them with the chairman.