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Four-Apartment Houses, East Kilbride

Volume 646: debated on Tuesday 24 October 1961

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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.

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.