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These transactions have been perfectly regular and straightforward. Some years ago the council bought for housing purposes land in which the National Coal Board had extensive leasehold interests. Payment of compensation for those interests is part of the cost of acquisition and is, therefore, a charge on the housing revenue account. Some of the land thus acquired proved to be surplus to the council's requirements and was, with the consent of my predecessor, recently sold to a private builder. The money from the sale would of course be credited to the account, and can therefore be used, with my consent, towards payment of the outstanding liability to the Board. I have given my consent to the application of a first instalment of this money to this purpose.