§ 36. Mr. LENNOX-BOYD
asked the Financial Secretary to the Treasury what is the aggregate amount of loans for allotment purposes raised by parish councils with the Public Works Loans Board and still outstanding; and whether he will take action to ameliorate the position for parish councils, in view of the lower rates of interest which now obtain?
§ Mr. HORE-BELISHA
The amount outstanding of loans made to parish councils for allotment purposes from the Local Loans Fund is £151,869. The rates of interest charged on advances from that fund have recently been reduced, as my hon. Friend is no doubt aware, but 1781 there is no possibility of a reduction in the rates chargeable on advances made prior to that reduction.