§ Mr. DalyellTo ask the Secretary of State for the Environment if he will make a statement on the application of the Local Government Act 1990 to building preservation trusts in respect of the regulation of companies funded by local authorities; and what account is taken of expenditure by such trusts in calculating a local authority's annual capital expenditure.
§ Mr. BaldryLocal authority capital finance is regulated in England and Wales by the Local Government and Housing Act 1989. We intend to make an order applying the main provisions to local authority companies but are still considering the precise extent of that order.