Part of Oral Answers to Questions — Environment – in the House of Commons at 12:00 am on 5 December 1973.
Mr Frank Allaun
, Salford East
12:00,
5 December 1973
asked the Secretary of State for the Environment what is the total cost of a council house costing £8,000, including land, after interest has been paid on the loan for the usual borrowing period of 60 years at the current Public Works Loan Board rate for long-term loans of 11⅝ per cent.; what is its economic rent, excluding repairs and rates; and if he will estimate the effect of the 13 per cent. bank rate on such a cost and rent.
Secretary of State was originally the title given to the two officials who conducted the Royal Correspondence under Elizabeth I. Now it is the title held by some of the more important Government Ministers, for example the Secretary of State for Foreign Affairs.
