§ Mr. R. A. TAYLORasked the Chancellor of the Exchequer the average rate of interest charged to the Unemployment Insurance Fund in respect of advances by the Treasury during the last two financial years; and whether the rate of interest so charged is the same as the rate paid by the Treasury for borrowings in respect of the Unemployment Insurance Fund?
§ Mr. P. SNOWDENThe average rate charged on new advances in the financial year 1929–30 was 4.92 per cent., and in the financial year 1930–31 4.60 per cent. The current rate is 4.37 per cent. The answer to the second part of the question is in the affirmative.