§ MR. ISAAC WILSONasked the Vice President of the Committee of Council, Whether he has received any remonstrance in reference to the Treasury Minute of the 26th of February relative to Education loans; and, whether he will urge upon the Treasury the importance of some extension of the term of repayment from thirty-five to fifty years?
§ MR. MUNDELLAI believe one School Board has remonstrated against the recent Treasury Minute; but I am assured by the Treasury that they are unable, without public loss, to extend the terms of the loans or reduce the rate of interest. Loans can now be made for a term of 35 years at 3½ per cent, and for 50 years at 4 per cent. This is a reduction of ½ per cent on the first, and ¼ per cent on the second term.