§ Mr. Barry JonesTo ask the Secretary of State for Wales if he will allow Alyn and Deeside council to use the capital receipts it has retained from the sale of council housing.
§ Mr. David HuntThe legislation does not allow the release of receipts already set aside to meet credit liabilities except where a council has no overall debt, nor do I believe it would be right to do so. It is prudent financial management that a proportion of the receipts from council house sales should reduce debt incurred in construction. As at 31 March 1991, Alyn and Deeside had total debt of £32.97 million, of which £22.27 million was council housing—housing revenue account—debt.