§ 6. Mr. Mappasked the Minister of Housing and Local Government and Minister for Welsh Affairs what would be the capital housing debt at existing costs to clear the 15,000 slum houses in Oldham; and, separately, what would be the interest charge per house per annum for each new house at current 5 per cent., 4 per cent. and 3 per cent. borrowing rates, respectively.
§ Sir K. JosephI have no information that would enable me to answer the first part of the Question.
As to the second part, assuming a three-bedroom council house costing £2,062, the total annual loan charges for amortisation, as well as the payment of interest, repayable by equal annuities over sixty years, would be £122 12s. 1d. at the current Public Works Loan Board rate of 5¾ per cent.; £107 15s. 8d. at 5 per cent.; £90 18s. 0d. at 4 per cent. and £74 6s. 4d. at 3 per cent.