§ 114. Mr. Edeasked the Minister of Education with which of the religious denominations, local authority organisations and teachers' organisations, she has had consultations between her appointment to office and 28th November, 1951, on the financial questions relating to voluntary schools under the Education Act, 1944.
§ Miss HorsbrughI have had no such consultations yet, but as I informed the right hon. Member last week I hope to undertake them as soon as possible.
§ 115. Mr. Edeasked the Minister of Education what has been the rate of interest charged on loans made under the Education Act, 1944, to the governors and managers of voluntary-aided schools hitherto; what will be the rate in future; and from what date the change will operate.
§ Miss HorsbrughThe rate of interest charged on loans to managers and governors of voluntary-aided schools under Section 105 of the Education Act, 1944, is the same as that charged by the Public Works Loan Board to local authorities.
The rate for loans repayable in periods greater than 15 years was 2½ per cent. up to 2nd January, 1948, when it was raised to 3 per cent.; on 10th November, 1951, it was raised to 3¾ per cent.