§ Sir H. Butcher
asked the Chancellor of the Exchequer whether he will make a statement about the rates of interest chargeable to local authorities borrowing from the Local Loans Fund.
§ Mr. R. A. Butler
A Treasury Minute made today provides that loans advanced120W to local authorities from the Local Loans Fund on and after 4th June, 1954, until further notice, shall carry the following rates of interest:
Per cent. Loans for not more than five years 2¼ Loans for more than five years but not more than fifteen years but not more than fifteen years 3¼ Loans for more than fifteen years 3¼