§ 29. Mr. Bartonasked the Minister of Health if he is aware of the high rates of interest still being paid by local authorities on outstanding housing loans, and if he contemplates any action to obtain a reduction and thus enable many local authorities to ease the burden on their working-class tenants.
§ Mr. BevanI am aware that outstanding housing loans of local authorities carry interest at varying rates. The interest factor was of course taken into account at the time the Exchequer subsidy was fixed under the different Housing Acts. I have no power to alter the terms of the loans.