§ Mr. Gourlayasked the Secretary of State for Scotland what was the outstanding housing debt of local authorities for the year 1961–62; and what would be the total interest payable on that sum, assuming that the average interest rate were the same as that charged in 1951–52.
§ Mr. NobleThe outstanding housing debt of local authorities at the end of 1961–62 was about £624.5 million. The total annual interest on that sum at the rate of 3 per cent, charged in 1951–52 would be £18.7 million.