§ Mr. Sillarsasked the Secretary of State for Scotland (1) if, taking the average local authority four-apartment house constructed in November of each year from 1970 to 1976, he will publish a table showing the construction costs, the interest rate, total capital plus interest repayments, the weekly economic rent and the rate of Government subsidy;
(2) at prevailing Public Works Loan Board rates, what will be the final capital plus interest cost for a local authority four-apartment house; what would be the economic rent; and what is the original construction cost upon which his calculations are made.
§ Mr. Hugh D. BrownThe relevant information is as follows:
rates were reduced to 10 per cent., 8 per cent., 6 per cent., 4 per cent. and 2 per cent. the corresponding charges would be £23.24, £18.71, £14.33, £10.24, £6.66 respectively. Total interest repayments are not meaningful unless discounted over the period of the loan.