§ 40. Mr. MOLSON
asked the Financial Secretary to the Treasury whether, in view of the appreciation in the price of local loan stock and the importance of providing cheap money to local authorities for housing and other purposes, he will consider the desirability of lowering the rate of interest now charged by the Public Works Loans Board?
§ Mr. HORE-BELISHA
The position is being watched, but I am not able to make any further statement at present.