§ MR. KILBRIDE
I beg to ask the Secretary to the Treasury whether the Public Works Loan Commissioners advance loans at the rate of 2¾ per cent., and whether there is any limit to the amount so advanced?
§ MR. HANBURY
The Public Works Loan Commissioners advance loans at 2¾ per cent, interest where the period for repayment does not exceed 30 years. The annual Public Works Loans Acts fix the amount of money which the Commissioners may lend during the currency of each Act, but there is no special limitation of the amount which may be advanced at the particular rate of 2¾ per cent.