asked the Minister for Local Government if, having regard to the fact that Dublin Corporation 3½ per cent stock 1960-65 is due for redemption within two years, and that further low interest bearing stocks are due for redemption in the near future, he will indicate what assistance the State will give to prevent housing rent increases to meet increased capital debt charges.
Ceisteanna—Questions. Oral Answers. - Dublin City Housing.
38.
Mr. Ryan
Since the State subsidy towards the loan charges on capital debt incurred in the provision of local authority houses is in the form of a percentage of the loan charges, the appropriate percentage of any extra charges incurred on re-borrowing would automatically become payable from State sources.
I may point out, also, that practically all the houses financed out of the proceeds of the Dublin Corporation stock referred to by the Deputy are let at differential rents related to tenants' incomes. Consequently, the rents may not be expected to be affected by changes in the level of loan charges.
39.
Mr. Ryan
asked the Minister for Local Government if he will now agree to the continued payment of the State subsidy in respect of Dublin Corporation houses that may be sold to tenants under a tenant purchase scheme during the duration of the purchasing period.
The answer is in the negative.
Questions 40 and 41 postponed.