§ Mr. BELLAIRSasked the President of the Local Government Board what has been the longest period allowed during his administration to a local authority for the repayment of a loan; what was the nature of the work undertaken; and what was the estimated time required to complete it?
§ Mr. BURNSIn various instances I have sanctioned a term of 80 years for the repayment of a loan for the purchase of land for the purposes of the Housing Acts or of the Small Holdings and Allotments Act, and this is the longest period which has been allowed by me for the repayment of a loan. There have been cases in which I have allowed 60 years for the repayment of of loans for the erection of dwellings under the Housing Acts. The local authority do not usually state the time within which1064W they estimate that works for which they desire to borrow will be completed.