§ 51. Mr. KIMBALLasked the Chancellor of the Exchequer whether, in view of the success of the conversion of Government loans to a 3½ per cent. basis, he will consider revising the conditions and interest charges upon loans raised for public purposes from the Public Works Loan Commissioners by local authorities?
§ Mr. HORE-BELISHAThe minimum rate for new advances from the Local Loans Fund was reduced from 4¾ per cent. to 4 per cent. on the 11th October last.