§ Mr. Ralph Howellasked the Secretary of State for the Environment upon what rate of interest his answer to the hon. Member for Norfolk, North on 5th February 1975 was based, in which he stated that the loan charges, management and repair costs on a £10,000 council house would total £1,000 per annum.
§ Mr. Kaufman9.6 per cent. which is the average loans pool rate based on 359W estimates from local authorities in October 1974. My answer made clear that the figures given were approximate. They were based on the 1974 cost of a typical dwelling outside London which, with land, was within the range £9,500 to £10,000, and on which interest, debt redemption, management and repairs were together within the range £1,020, to £1,070.