§ 92. Dame Patricia Hornsby-Smithasked the Secretary of State for the Environment what is the average total cost of a three-bedroom council house in the Greater London area with repayments over 60 years through the Public Works Loan Board.
§ Mr. ChannonIf the capital expenditure were met by a 60-year annuity loan at 91 per cent., the capital repayment and interest over 60 years would total £35,700. The actual loan charges to the Housing Revenue Account would depend on the authority's policy on debt management.