HC Deb 17 December 1968 vol 775 c322W
50. Mr. Hooley

asked the Minister of Housing and Local Government if he will consider taking steps to write-off a proportion of the capital debt of local authorities in respect of old housing schemes where the total debt exceeds £25 million.

Mr. Greenwood

No. The amount of housing debt involved would be over £1,000 million. I could not consider making further assistance available for dealing with this debt in addition to the substantial subsidies already provided under the Housing Subsidies Act, 1967, and previous Acts.