Amounts and Rates of Interest of Sums issued under the Glebe Loans Act, 1870.

HC Deb 19 June 1906 vol 159 c24

MR. O'MARA

To ask the Secretary to the Treasury whether he will state the total amount issued under The Glebe Loans Act, 1870, by the Commissioners of Public Works, the average rate of interest charged, the principal repaid, and the principal now outstanding; and whether it is proposed to issue further sums under this Act.

(Answered by Mr. McKenna.)—

	£	s.	d.
Total amount issued to 31st March 1906	647,574	8	0
Rate of interest charged, 3½ per cent, per annum.
Principal repaid	352,947	2	11
Principal outstanding	294,627	5	1

Loans are still being made under the Act which is renewed annually by the Expiring Laws Continuance Act.