§ Mr. Swinglerasked the Minister of Housing and Local Government how many local authorities have expressed to him their desire for a lower rate of interest on housing loans; and what reply he has made.
§ Mr. SandysSince the Public Works Loan Board rate increase to 4¼ per cent. on 9th July I have had representations from nearly sixty local authorities. They have been told that it is Government policy that they should pay the current market rate.