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Mrs. Hart
asked the Secretary of State for Scotland what amount per month would constitute the economic rent for a four-apartment house owned by East Kilbride Development Corporation if the rate of interest paid by the Corporation on its capital borrowings had consistently remained at the 1951 level.
Mr. Maclay
The fully economic rent of a four-apartment house built by East Kilbride Development Corporation at present day costs but related to the 1951 interest rate of 3 per cent. would be £7 15s. per month.