1st Edition

Local Authority Borrowing Past, Present and Future

By Sir Harry Page Copyright 1985
420 Pages
by Routledge

420 Pages
by Routledge

420 Pages
by Routledge

Local Authority Borrowing (1985) sets out the history of local authorities’ activities as borrowers. The early attempts to finance the building of toll roads and bridges are the beginning of a story which carries on through the centuries to the present-day market in local authority bonds worth over £48 billion. The book moves on from the history to discuss what reforms might be implemented to... Read more

Part 1. Preliminary Considerations  1. Local Government Areas in England and Wales – A Note on their Origins and Development  Part 2. Historical Survey.  First Period: 1530–1830: The First Local Government Services and the Emergence of Borrowing.  2. Roads and Bridges  3. Turnpike Trusts and Navigations – the First Statutory Borrowing Provisions  4. The Coming of the Poor Law  5. Borrowing in the Boroughs and Major Parishes  6. Borrowing in the Counties.  Second Period: 1830–1930: The Evolution of Structured Local Government and of the Associated Borrowing Codes.  7. The Opening Phase  8. The Accretion of Services and their Associated Borrowing Facilities  9. The Local Loans Act 1875  10. The Democratization of Local Government  11. The Turn of the Century.  Third Period: 1930–1984: Consolidation, Evolution and Dissolution.  12. The Local Government Act 1933  13. The ‘Short-Term’ Revolution  14. The Further Reorganization  Part 3. Borrowing Instruments and Associated Techniques: An Historical Analysis  15. Mortgages and Related Instruments  16. Annuities, Debentures and Tontines  17. Stock  18. Temporary (Deposit) Loan Receipts  19. Money Bills and Promissory Notes  20. Bonds  21. The Public Works Loan Commissioners  22. Miscellaneous Sources of Capital Finance  23. Management and Amortization of Debt  Part 4. Analysis and Conclusions  24. Basic Principles  25. The Standardization of Local Authority Borrowing Practices

Biography

Sir Harry Page