HC Deb 02 July 1924 vol 175 c1311
31. Mr. WHITE

asked the Minister of Labour what is the present rate of interest charged on the deficit of the Unemployment Insurance Fund?

Mr. SHAW

On the 1st July the debt on the Unemployment Fund was £7,130,000, carrying interest as to £2,340,000 at 5 per cent., and as to £4,790,000 at 4⅞ per cent.

Mr. WHITE

Having regard to the rates at which the Government can borrow money, is the right hon. Gentleman satisfied that he is not being charged too much?

Mr. SHAW

I am not satisfied, and I am willing to communicate with my right hon. Friend the Chancellor of the Exchequer.

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