§ Mr. Hobdenasked the Chancellor of the Exchequer if he will state the amount of money borrowed each year from the Public Works Loan Board for housing in Brighton for each year from 1951 to 1969.
§ Mr. Taverne:The Public Works Loan Board does not retain complete records of advances which have been fully repaid. Loans, which are still outstanding in part, were made for housing purposes to Brighton Corporation as follows:
Between October, 1955, and March, 1964, the P.W.L.B. operated only as a lender of last resort to local authorities and no 66W going back to 1953 was given in the 1964 issue of National Income and Expenditure.
Financial year £ 1950–51 631,660 1951–52 452,210 1952–53 115,669 1953–54 45,339 1954–55 NIL Total 1,244,878 loans were made to Brighton Corporation. Since April, 1964, P.W.L.B. loans have not been related to particular loan sanctions or purposes.