M. Richard Wainwrightasked the Secretary of State for the Environment what is the total amount of money advanced as mortgages by local authorities so far in the year 1975–76; and how much of this total has been advanced since the issue of Circular 64/75.
§ Mr. ArmstrongLocal authorities in England have reported advances totalling £436 million to private persons for house purchase from April to December 1975, including 262 million after June 1975 when Circular 64/75 was issued.
§ Mr. Richard Wainwrightasked the Secretary of State for the Environment what amounts of money were advanced as mortgages by local authorities in each of the last six years, expressed (a) as annual totals at contemporary values and (b) as annual totals at December 1975 values.
§ Mr. ArmstrongEstimates of amounts advanced by English authorities to private persons for house purchase are:
£ million Outturn prices December 1975 prices 1969–70 44 111 1970–71 132 307 1971–72 134 268 1972–73 151 213 1973–74 336 374 1974–75 580 621