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Small Dwellings (Advances)

Volume 462: debated on Tuesday 1 March 1949

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asked the Secretary of State for Scotland which local authorities are operating the Small Dwellings Acquisition Act; how many houses have been bought in each place in 1945, 1946, 1947 and 1948; what is the total amount advanced; and at what rates of interest.

The following table shows the local authorities which made advances under the Small Dwellings Acquisition Acts and the number of dwellings covered by such advances in each of the years 1946 to 1948. The total amount advanced was £924,936. No advances were made in 1945.

Local Authority 1946 Number of Dwellings1947 Number of Dwellings 1948 Number of Dwellings
Counties
Kirkcudbright1
Midlothian
Ross and Cromarty1
Roxburgh1
Burghs
Airdrie31
Dumbarton1
Edinburgh857
Galashiels1
Kirkcaldy32
The rate of interest varies with the period of loan and the rate at which local authorities can themselves borrow for housing purposes. The present rates are—

Loans for not more than 5 years2¼ per cent.
Loans for more than 5 years but not more than 10 years2¾ per cent.
Loans for more than 15 years3¼ per cent.