§ 53. Mr. Pethick-Lawrenceasked 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 CrookshankI 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-LawrenceIf 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 CrookshankI am sure my right hon. Friend will do so, but if he has not the time, I will consider them.