§ Mr. Newensasked the Secretary of State for the Environment if he will make a statement on the future ownership of industrial and commercial assets in new towns.
§ Mr. StanleyCurrent legislation permits new town development corporations and the Commission for the New Towns either to hold industrial and commercial assets as an investment or to roll over the assets in order to finance other investment. We wish to see new towns financing a higher proportion of their investment from the roll-over of assets.