§ Mr. Don Foster
To ask the Secretary of State for Wales what estimate he has made of the total value of balances held by state schools in Wales. 
§ Mr. Hain
[holding answer 23 June 1997]: According to section 122 outturn statements for 1995–96, the latest year for which this information is available, LEA maintained schools in Wales held balances of just under £50 million. This equates to an average balance of 571W £25,500 per school. Grant-maintained schools in Wales had net current assets of £958,969, allocated across various heads including capital funds. This equates to an average balance—including capital funds—of £59,936.
The overall average balance for all schools in Wales is £25,780.