§ 76. Sir W. Smithersasked the Minister of Health the proportion of local authority-owned houses in regard to which capital charges have been completed; whether the rents of these return a profit to the local authorities concerned; and whether this is reflected in any relief to the general body of ratepayers of the areas.
§ Mr. BevanI have no information as to the number of local authority houses on which capital charges have ceased on repayment of the loans, but as loans for housebuilding are usually repayable over 60 years the number is probably very 139W small indeed. Whether any profit then arising from the rents would afford relief to the rates would depend on the state of the housing revenue account in which the income and expenditure would normally be merged.