§ Mr. Ronnie CampbellTo ask the Secretary of State for the Environment what was the total value of dwellings owned by Blyth Valley local authority calculated on the basis of 1988–89 right-to-buy sales and the total loan debt outstanding.
§ Mr. ChopeUnder part VI of the Local Government and Housing Act 1989, in determining housing revenue account subsidy, the Secretary of State may infer aggregate values of houses and other property within local 733W authorities' housing revenue accounts from the average values of any of the houses and other property they have disposed of. The latest figure calculated on this basis for Blyth Valley is £158 million. This is subject to variation in the light of any futher information supplied by the local authority.
The total outstanding loan debt on dwellings in the ownership of Blyth Valley district council for 1988–89 as reported to the Department of the Environment by the local authority was £40.2 million.