asked the Minister for Local Government if he will state (a) the amount of the debt of local authorities on 31st March, 1938, (b) the amount of principal repaid and interest paid in the year ended 31st March, 1938, (c) the increase in the debt of local authorities between 1st April, 1938, and 31st March, 1955, and (d) the principal repaid and interest paid on this increase.
Written Answer. - Local Authority Debts.
Information in the exact form requested is not available, but the following figures may meet the Deputy's requirements:—
Total net indebtedness of all local authorities (excluding harbour authorities, vocational education committees and county committees of agriculture) at 31st March, 1938 |
£ |
27,771,989 |
|
Total payments in respect of borrowed money in the year ended 31st March, 1938 |
1,844,574 |
Total net indebtedness at 31st March, 1955 |
104,900,000 |
(approx.) |
|
Total loan charges (excluding overdraft interest) for year ended 31st March, 1955 |
6,135,000 |
(approx.) |