Local Authority Borrowing

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 improve still further the efficiency of the market in the future.

List of contents

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

Product details

• Authors: Sir Harry Page
• Publisher: Taylor & Francis Ltd.
• Languages: English
• Product format: Paperback / Softback
• Release: 19.01.2026
• EAN: 9781032954813
• ISBN: 978-1-0-3295481-3
• No. of pages: 420
• Series: Routledge Revivals
• Subjects: Humanities, art, music > History; Social sciences, law, business > Political science > Political system; History, Sociology, POLITICAL SCIENCE / General, BUSINESS & ECONOMICS / Industries / General, Economic history, Labour / income economics, Economic theory & philosophy, Political structure & processes, United Kingdom, Great Britain, Public Administration, Political Economy, Management of specific areas, Economics of industrial organisation, Political structure and processes, Economic theory and philosophy, Employment & Unemployment, Regional, state and other local government, Regional government, Economics of industrial organization, Public administration / Public policy