§ Mr. TRAINasked the Chancellor of the Exchequer whether he will consider the question of reducing immediately the rate of interest chargeable by the Local Government Loans Board on loans contracted after this date, particularly in respect of loans not exceeding 40 years' currency?
Mr. CHAMBERLAINNo, Sir. The position is always carefully watched, but I am afraid that the facts do not warrant any such reduction at present.