§ Mr. Youngerasked the President of the Board of Trade (1) what is his policy regarding re-negotiation of rents for existing tenants on industrial estates in Scotland;
(2) what is his policy regarding the rent levels for new tenants of factories in industrial estates in Scotland.
§ Mrs. Gwyneth DunwoodyNew rents, or rents relating to revision or renewals of leases, are charged at current market value for Board of Trade factories in Scotland, as elsewhere.
195W
§ Mr. Youngerasked the President of the Board of Trade what was the annual deficit on industrial estates in Scotland, England and Wales, respectively, in the years 1960–61, 1964–65 and 1967–68.
§ Mrs. Gwyneth DunwoodyThe figures for the financial year 1967–68 are not yet available. The figures refer only to Board of Trade industrial estates.
NET DEFICIT Financial Year England Scotland Wales £ £ £ 1960–61 341,350 635,981 377,873 1964–65 783,340 1,295,684 306,139
§ Mr. Youngerasked the President of the Board of Trade (1) what was the average percentage rent increase applied to tenants on industrial estates in Scotland, England and Wales, respectively, on renegotiation of leases in the years 1960–61, 1964–65, and 1967–68;
(2) what was the average rent per square foot charged to tenants on industrial estates in Scotland in the years 1960–61, 1964–65, and 1967–68, respectively.
§ Mrs. Gwyneth DunwoodyIn Scotland the average rents on Board of Trade Industrial Estates for the years 1960–61, 1964–65 and 1967–68 were 1s. 4.9d., 1s. 8.6d. and 2s. 1.25d. per square foot, respectively.
The average percentage rent increases on re-negotiation of leases for the same years on Board of Trade estates are as follows:
1960–61 1964–65 1967–68 Scotland 127.3 13.2 227.2 England 100.6 103.4 88.7 Wales 78.0 69.0 114.0