§ Mr. Tony BanksTo ask the Secretary of State for the Environment what information he has about the current number of residential mortgages remaining with the London Residuary Body.
§ Mr. Tony BanksTo ask the Secretary of State for the Environment if he will give details by boroughs of the amounts distributed by the London Residuary Body since the commencement of the current financial year.
§ Mr. ChopeFirm figures in respect of the amount distributed by the London Residuary Body since the commencement of the current financial year will not be available until LRB's 1987–88 accounts have been audited and certified. However, LRB's latest estimate, as set out in its 1987–88 budget, of distributable revenue balances during the year is shown at table A.
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Table A Distribution of Estimated Revenue Balances 1987–88 Balances £ Inner London City of London 28,938 Inner Temple 615 Middle Temple 591 Camden 1,066,273 Greenwich 1,277,872 Hackney 1,108,238 Hammersmith & Fulham 891,910 Islington 992,390 Kensington and Chelsea 813,299 Lambeth 1,439,232 Lewisham 1,373,624 Southwark 1,276,099 Tower Hamlets 869,449 Wandsworth 1,529,664 Westminster 1,058,589 Total Inner London 13,726,783 Outer London Barking and Dagenham 878,315 Barnet 1,780,273 Bexley 1,291,467 Brent 1,506,612 Bromley 1,760,768 Croydon 1,885,482 Ealing 1,728,260 Enfield 1,566,310 Haringey 1,165,571 Harrow 1,192,168 Havering 1,409,679 Hillingdon 1,373,033 Hounslow 1,156,114
Balances £ Kingston upon Thames 791,430 Merton 972,294 Newham 1,232,952 Redbridge 1,347,617 Richmond upon Thames 954,562 Sutton 1,002,438 Waltham Forest 1,277,872 Total Outer London 26,273,217 Total All Boroughs 40,000,000 In accordance with the Local Government Reorganisation (Capital Money) (Greater London) Order 1987 (SI 1987/118), LRB notified all boroughs on 17 December 1987 of revised estimates of distributable capital receipts and associated spending power during 1987–88. These are set out at tables B and C respectively.
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TABLE B Distribution of estimated capital receipts cash 1987–88 Total borough distribution £ Inner London City of London 110,000 Camden 5,985,000 Greenwich 4,985,000 Hackney 6,391,000 Hammersmith and Fulham 4,005,000 Islington 5,746,000 Kensington and Chelsea 3,519,000 Lambeth 7,871,000 Lewisham 5,987,000 Southwark 7,004,030 Tower Hamlets 4,032,000 Wandsworth 5,614,000 Westminster 4,109,000 Total Inner London 65,358,000 Outer London Barking and Dagenham 2,477,000 Barnet 4,516,000 Bexley 3,236,000 Brent 5,936,000 Bromley 4,447,000 Croydon 4,847,000 Ealing 5,227,000 Enfield 4,035,000 Haringey 5,633,000 Harrow 3,078,000 Havering 3,580,000 Hillingdon 3,707,000 Hounslow 3,481,000 Kingston upon Thames 1,902,000 Merton 2,664,000 Newham 5,182,000 Redbridge 3,425,000 Richmond upon Thames 2,483,000 Sutton 2,474,000 Waltham Forest 3,773,000 Total Outer London 76,103,000 Total all boroughs 141,461,000
Table C Distribution of estimated spending power 1987–88 Total borough distribution £ Inner London City of London 137,000 Camden 7,697,000 Greenwich 6,195,000 Hackney 8,237,000 Hammersmith and Fulham 5,052,000 Islington 7,408,000 Kensington and Chelsea 4,422,000 Lambeth 10,102,000 Lewisham 7,529,000 Southwark 8,992,000 Tower Hamlets 5,102,000 Wandsworth 6,927,000 Westminster 5,105,000 Total Inner London 82,905,000 Outer London Barking and Dagenham 2,944,000 Barnet 5,266,000 Bexley 3,764,000 Brent 7,386,000 Bromley 5,180,000 Croydon 5,666,000 Eating 6,280,000 Enfield 4,719,000 Haringey 7,155,000 Harrow 3,603,000 Havering 4,176,000 Hillingdon 4,371,000 Hounslow 4,180,000 Kingston upon Thames 2,195,000 Merton 3,150,000 Newham 6,494,000 Redbridge 3,996,000 Richmond upon Thames 2,909,000 Sutton 2,870,000 Waltham Forest 4,517,000 Total Outer London 90,821,000 Total all boroughs 173,726,000 These figures reflect the substantial progress already made by LRB in disposing of surplus land and property previously held by the Greater London council, to the benefit of the ratepayers of London.
§ Mr. Tony BanksTo ask the Secretary of State for the Environment if all moneys owed to the London Residuary Body by Government Departments have now been paid; and if he will make a statement.
§ Mr. ChopeI refer the hon. Member to my answer to him of 22 October 1987. Discussions between the LRB and the Department are continuing, as are investigations by the district auditors.