HC Deb 23 April 1940 vol 360 cc28-9
53. Mr. Pethick-Lawrence

asked the Chancellor of the Exchequer whether, in view of the fact that in certain cases of municipal borrowing contributions are made by Exchequer grants towards the annual cost of the loans, he will, pending general removal of the ban on conversion, have each case examined on its merits in order to reduce the expenditure for interest out of public funds?

Captain Crookshank

I am aware that the Exchequer contributes towards the cost of certain services which were financed by municipal loans, but for the present wider considerations must prevail. On the general position of these loans, I cannot add anything to the reply which I gave to the right hon. Gentleman on 2nd April.

Mr. Pethick-Lawrence

If I send the Chancellor of the Exchequer some individual particulars, can I be assured that die right hon. Gentleman, when the immediate Budget is over, will consider them?

Captain Crookshank

I am sure my right hon. Friend will do so, but if he has not the time, I will consider them.