HC Deb 22 June 1956 vol 554 c135W
Mrs. Hill

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. H. Macmillan

A Treasury Minute made today provides that loans advanced to local authorities from the Local Loans Fund on and after 23rd June, 1956, shall carry the following rates of interest:

per cent.
Loans for not more than five years
Loans for more than five years but not more than 15 years
Loans for more than 15 years