HC Deb 01 August 1961 vol 645 c133W
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.