ABSTRACT
When the Labour Party was returned to government in the election of February 1974, its policy-makers had had four unlooked-for years to refine their thoughts on the future of new towns and their assets. The sore issue of the ownership of remunerative industrial and commercial assets was also evaded. The eventual surplus from development corporations and the additional rate revenue for local authorities were set off against one another. The document for England and Wales was multivalent about balance and self-containment. The document for England and Wales was multivalent about balance and self-containment. Balance between the population and the number of jobs available would continue to be a goal. New town development corporations have, from the outset, only had one major source of finance, loans from the National Loans Fund, repayable over sixty years at the rate of interest in force at the time of the loan.
