§ Mr. Kinnockasked the Secretary of State for the Environment what is the average price paid by a local authority for a council house priced at £2,500 in 1960 over a 25-year period.
§ Mr. Channon:On the assumption that the house was financed by a 25-year loan at 6 per cent., approximately the aver- age Public Works Loan Board rate in 1960, repayable in 50 equal instalments of principal and interest, the total amount payable would have been £4,858.