§ 50. Mr. Hooleyasked 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. GreenwoodNo. 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.