§ 47. Mr. Gourlayasked the Secretary of State for Scotland what was the annual average subsidy paid for houses built in the financial year 1951–52 under the Housing (Scotland) Act 1946; and what proportion the subsidy represents of the average annual loan charge based on Public Works Loan Board rate of interest for that year.
§ Mr. G. CampbellThe rates of subsidy in the Housing (Financial Provisions) (Scotland) Act, 1946, were subsequently64W reproduced in the Housing (Scotland) Act, 1950, and most of the houses completed in 1951–52 were subsidised under the latter Act.
The annual subsidy varied from £21 10s. to £25 10s. according to the size of the house, and averaged £22 11s. 7d., equal to 39 per cent. of the average annual loan charge calculated as suggested.
§ 48. Mr. Gourlayasked the Secretary of State for Scotland what proportion the average annual subsidy of £30 11s. paid under the Housing (Scotland) Act 1962, represents of the average annual loan charge of a house built under the Act in the financial year 1963–64.
§ Mr. G. CampbellThe average subsidy of £30 11s. (which is a partial figure relating to claims so far settled for houses completed in 1962–63) is equal to 20.5 per cent. of the average annual loan charge calculated as suggested in the previous Question. The annual subsidy for each individual authority depends on the state of the authority's housing revenue account as a whole, and varies from £12 to £56.
The average exchequer subsidy for all local authority houses in 1962–63 was £23 10s. which would meet 35 per cent. of all loan charges.