Local Loans Fund (Interest Rates) (Hansard, 24 February 1958)

HC Deb 24 February 1958 vol 583 c18W 18W

§ Mr. Peyton
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. Amory
A Treasury Minute made today provides that loans advanced to local authorities from the Local Loans Fund on and after 25th February, 1958, until further notice shall carry the following rates of interest:

Loans for not more than 5 years 6½ per cent.

Loan for more than 5 years but not more than 15 years 6½ per cent.

Loans for more than 15 years 6½ per cent.

Loans for not more than 5 years	6½ per cent.
Loan for more than 5 years but not more than 15 years	6½ per cent.
Loans for more than 15 years	6½ per cent.