§ Mr. Rippon
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 advanced to local authorities from the Local Loans Fund on and after 9th July, 1955, until further notice, shall carry the following rates of interest:
Per cent. Loans for not more than five years 3¾ Loans for more than five years but not more than fifteen years 4¼ Loans for more than fifteen years 4¼