HC Deb 18 March 1969 vol 780 c192
4. Mr. Bryant Godman Irvine

asked the Minister of Power if he will seek power to vary the 4 per cent. interest rate laid down in Section 71 of the Schedule to the Electric Lighting (Clauses) Act, 1899.

Mr. Mason

No, Sir, I do not think this is necessary.

Mr. Godman Irvine

Is the Minister aware that, before a new customer is accepted and given supplies, where he may require large quantities of electricity a substantial deposit has to be made? Therefore, is the Minister satisfied that rates of interest prevailing in 1899 are realistic today?

Mr. Mason

I am not aware that it is causing any difficulties. The boards are entitled to pay more if they wish to do so, and some boards do.

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