HC Deb 03 March 1952 vol 497 c19W
117. Major Anstruther-Gray

asked the Secretary of State for Scotland whether the recent increases in the rate of interest on housing loans from the Public Works Loan Board will be met wholly out of higher subsidies from the Treasury.

Mr. J. Stuart

Subsidy rates are necessarily calculated on average building costs, and on this basis the new rates take full account of the rise in rates of interest.

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