§ Sir R. GOWERasked the Minister of Health what was the outstanding loan debt for capital purposes of all local authorities in England and Wales on the last available date, differentiating between the amounts borrowed in respect of trading undertakings and non-trading services, respectively?
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Sir H. YOUNGThe net outstanding loan debt (that is, the gross debt, less the amount standing to the credit of sinking funds for the repayment of debt) of all local authorities in England and Wales on 31st March, 1932 (the latest date for which particulars are available), amounted to £444,738,574 in respect of trading services and £820,957,208 in repect of non-trading services, making a total of £1,265,695,782. The amount of £820,957,208 includes £487,006,064 in respect of loans for housing and small dwellings acquisition.