§ 74. Mr. A. Evansasked the Minister of Housing and Local Government and Minister for Welsh Affairs if he will state the total amount advanced to the new town corporations for capital expenditure since 1946, the amount of capital repaid, and the estimated value of capital assets at current values, now held by the corporations and the Commission for the New Towns.
§ Mr. CorfieldThe total amount advanced to the new town development corporations in England and Wales and to the Commission for the New Towns up to 31st March, 1964, to meet capital expenditure and provide working capital was £302,913,735. The amount repaid to that date was £9,554,090.
The total capital expenditure at 31st March, 1964 at cost less depreciation was £291 million. No estimate is available of the current value of these capital assets.