HC Deb 24 March 1914 vol 60 c191
51. Mr. TOUCHE

asked from whom the sum of £1,030,000 was borrowed on temporary loans by the National Debt Commissioners in the year ended 31st March, 1913, in respect of the Local Loans Fund, and at what rate of interest?


The sum referred to was borrowed from the National Debt Commissioners under the provisions of Section 13 (5) of the National Debt and Local Loans Act, 1887. The rate of interest paid was3½par cent.