That is right; on the interest charges.
The hon. and learned Gentleman then raised a number of points which related to all local authorities and not merely Hornchurch. He asked when the policy of the 50 per cent. increase—I think that is what he put in his letter—would be announced; what would be the proportion of houses for sale and what would be the proportion of houses to let; and whether that could be answered immediately.
Those questions are perfectly proper ones, but surely they are asked too soon for an answer. The reason I say that is that I went into the office only seven days ago for the first time; this is my second Adjournment debate in seven days; but it will be found that in 1945, after the first Sitting of the House, it took the right hon. Member for Ebbw Vale (Mr. Bevan) 79 days before making his statement on housing policy, and I think it is rather unreasonable that the hon. and learned Gentleman should press for such an early declaration of policy when his own Minister took 79 days.