§ Mr. Gow
Agreement has been reached between the North British housing association, other housing associations, and the Central Lancashire development corporation for the housing associations to acquire the housing of the development corporation. To permit this acquisition, the approved development programme of the Housing Corporation (and the cash block DOE/HC1) will be increased by £86.8 million. To balance this, cash block DOE/NT1 will be reduced by the same amount, which will be covered by the capital receipts from the housing associations. The two cash blocks will be revised as follows:
£ million Cash Block Present Limit Revised Limit Increase/Decrease DOE/NT1 -14.45 -101.25 -86.8 DOE/HC1 605.00 691.80 86.8
No net change in public expenditure is involved in these cash limit adjustments.