§ Major NATHAN (by Private Notice)
asked the Financial Secretary to the Treasury whether he is now in a position to make any announcement as to a change in the minimum rate of interest on new advances from the Local Loans Fund?
§ The FINANCIAL SECRETARY to the TREASURY (Mr. Hore-Belisha)
Yes, Sir. I am glad to be able to inform the hon. and gallant Member that it has been decided to reduce the minimum rate of interest on new advances from the Local
§ Loans Fund from 3⅝ per cent. to 3½ per cent. An announcement of the change will appear in to-day's "London Gazette."