§ 48. Mr. McENTEE
asked the Chancellor of the Exchequer whether in 1949 view of the recent reductions in the bank rate, he can see his way to reduce the rate of interest now being charged to local authorities on money borrowed from the Public Works Loan Fund?
§ Mr. PETHICK-LAWRENCE
I would refer my hon. Friend to the reply which I gave to the hon. Member for Birkenhead East (Mr. White) on 27th March.