HC Deb 29 June 1939 vol 349 c599
13. Mr. Day

asked the Minister of Labour the present average rate of interest charged on the loans or overdraft of the Unemployment Insurance Fund?

Mr. E. Brown

Interest at the rate of 3⅛ per cent. is payable on the debt of the Unemployment Fund.

Mr. Day

Is the right hon. Gentleman thinking of bringing in legislation to reduce it?

Mr. Brown

No, it is fixed by Section 60 (2) of the Act of 1935.

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