§ 60. Mr. Ede
asked the Financial Secretary to the Treasury in how many cases application has been made by local authorities to the Treasury for sanction to loans already approved by the Ministry of Health or other appropriate authority; what is the total amount represented by such applications; in how many cases and for what amount has sanction been given; and in how many cases and for what amount has sanction been refused?
§ Captain Crookshank
Applications involving new money have been received by the Capital Issues Committee from two local authorities in respect of loans 1746 already approved by the Ministry of Health or other appropriate authority. The total amount is approximately £1,170,000. Decisions may be expected on these two cases very shortly. In addition to the above-mentioned cases, five applications have been received for consent to renewals or replacements of previous borrowings. In three cases, covering £1,150,000, consent has been given. The remaining cases are under consideration.