HC Deb 23 March 1956 vol 550 cc156-7W
Mr. Fleetwood-Hesketh

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 24th March, 1956, until further notice, shall carry the following rates of interest:

Per cent.
Loans for not more than five years 5⅝
Loans for more than five years but not more than fifteen years
Loans for more than fifteen years