The noble Lord hoped he would make it clearer to me, but I had understood all that. The point is that, if the house is sold at a lower price than the new agreed price, is the local authority going to give either cash or some form of payment back to the developer, because it has agreed the sale at a price that is still too high?
Local authorities under these circumstances are getting involved in trying to prevent local developers assessing the risk and proceeding with the development as soon as possible. I still think it is very bad for them to get involved in entrepreneurial activity of this nature.