§ Mr. Frank Allaunasked the Secretary of State for the Environment what is the total interest paid by local authorities on their housing revenue accounts in the last 12 months to a convenient date; and what are the housing subsidies received from the Exchequer in the same period for new council house building.
§ Mr. ChannonThe total interest paid by local authorities in England and Wales and charged in their housing revenue accounts during the financial year 1969–70 amounted to £450 million. In that same year the total subsidies credited to those accounts in respect of new council house building amounted to £128 million.