HC Deb 20 November 1952 vol 507 c2041
44. Mr. K. Robinson

asked the Chancellor of the Exchequer the average rate of interest currently accruing to the National Land Fund; and what proportion of the fund is invested in Ways and Means advances.

Mr. Boyd-Carpenter

The average rate of interest is 2.28 per cent.; the proportion of the Fund invested in Ways and Means advances is 18 per cent.

Mr. Robinson

Will the hon. Gentleman consider investigating this fund, not a penny of the capital of which has been expended since it was formed five years ago, in long-term dated stock, so that at least we shall get the maximum interest which is payable?

Mr. Boyd-Carpenter

While not accepting the premise of the hon. Gentleman's question, I can assure him that we seek to obtain the maximum interest payable compatible with the type of security required and the commitments of the fund.