The Public Works Loan Board lends only to local authorities in England, Scotland and Wales, therefore the Scottish Government has no outstanding debt with the PWLB.
The balance outstanding to the Public Works Loan Board in respect of parish and town councils in England at the end of each of the last five years was as follows:
Balance of principal (£) 2003-04 66,237,455.29 2004-05 69,267,400.71 2005-06 75,419,106.37 2006-07 77,340,091.21 2007-08 81,016,768.50
The Public Works Loan Board lends only to local authorities in England, Scotland and Wales therefore the Scottish Government has no outstanding debt with the PWLB.
The total amounts lent to the parish and town councils in England in each of the last five years are as follows:
Amount (£) 2003-04 11,709,583 2004-05 8,210,406 2005-06 11,737,008 2006-07 7,964,701 2007-08 9,415,688
Where PWLB debt is repaid by Scottish local authorities prematurely using proceeds from the sale of housing stock and where there is overhanging debt, the Scottish Government often contributes to the total sum repayable to the PWLB. Payments received from the Scottish Government by PWLB in this respect in each of the last five years are as follows:
Principal Interest Premium Total 2003-04 90,573,659.94 0 18,275,438.61 108,849,098.55 2004-05 0 0 0 0 2005-06 0 0 0 0 2006-07 80,148,935.93 0 27,468,125.43 107,617,061.36 2007-08 71,226,117.65 0 18,354,399.65 89,580,517.30
Public Works Loan Board receipts from parish town councils in England in each of the last five years are as follows:
Principal Accrued interest Premium Total 2003-04 5,490,065.15 4,062,911.27 272,639.73 9,825,616.15 2004-05 5,176,104.34 4,208,528.19 29,464.56 9,414,097.09 2005-06 5,592,703.84 4,317,054.09 173,036.58 10,082,794.51 2006-07 5,855,311.45 4,285,239.25 47,130.43 10,187,681.13 2007-08 5,831,642.47 4,583,982.74 37,996.42 10,453,621.63