§ Mr. SteinbergTo ask the Secretary of State for the Environment how much has been raised from the sales of council homes in the City of Durham constituency to date; and how much the City of Durham council has available in capital receipts from these sales. [2496]
§ Sir Paul BeresfordThe total cash receipts from the sale of all council dwellings in the City of Durham between April 1980 and March 1995, as reported by the authority, is almost £37 million. In addition, authority loans of almost £1 million were issued to finance council house sales. At 31 March 1995, the authority had £0.3 million in accumulated usable capital receipts from all assets. The level of outstanding debt of the City of Durham at that date was £49 million.