19. Mrs. Slater
asked the Minister of Housing and Local Government and Minister for Welsh Affairs what will now be the total cost of a house for which the tender price is £1,950, on the basis of 7 per cent. interest rates payable over sixty years.
§ Mr. Brooke
£8,324. The question is irrelevant to council houses, as most local authorities do not raise loans for periods of sixty years, and where they do, they are not charged interest at 7 per cent.