§ Mr. McBrideasked the Minister of Housing and Local Government and Minister for Welsh Affairs what were the average loan charge, the average interest rate and the average rent, all stated in weekly terms, for a council house in each year from 1951 to 1963 in Swansea.
§ Sir K. JosephI have no means of knowing the average interest rate applicable to an authority's housing revenue account in any particular year. The following table, based on statistics published by the Institute of Municipal Treasurers and Accountants, shows average net rents in Swansea and a figure130W for loan charges obtained by dividing total loan charges, which include loans for shops, garages and other items in the housing revenue account, by the number of houses held at the end of the year:
Year Total Loan Charges as Weekly Charge per House Average Weekly Rent s. d. s. d. 1950–51 11 8½ 12 1 1951–52 11 7½ 12 7½ 1952–53 12 5½ 13 4 1953–54 13 8½ 13 2½ 1954–55 14 2½ 13 4 1955–56 16 9 15 7½ 1956–57 16 0½ 17 11 1957–58 16 10 16 11 1958–59 17 1½ 17 3 1959–60 17 9 17 6 1960–61 19 1 18 3 1961–62 21 3½ 21 4 1962–63 23 1½ 26 1½