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.
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: 15301830: 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: 18301930: 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: 19301984: 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
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