HC Deb 20 October 1932 vol 269 cc310-1
40. Mr. HICKS

asked the Financial Secretary to the Treasury what is the minimum rate of interest on advances made by the Public Works Loan Board at, the present time to local authorities for the purposes of housing; and when the last change in such rate of interest was made?

The FINANCIAL SECRETARY to the TREASURY (Mr. Hore-Belisha)

As was announced in the London Gazette of the 11th October, the minimum rate of interest was reduced to 4 per cent. as from that date.