HC Deb 15 December 1964 vol 704 c41W
57. Mr. Rankin

asked the Chancellor of the Exchequer what steps he proposes taking to prevent local authorities' money costs rising, in view of the fact that they will be required to pay the higher mortgage market rates for short-term money.

Mr. Callaghan

I would refer my hon. Friend to the reply I gave to my hon. Friend the Member for Glasgow, Shettleston (Sir M. Galpern) on 9th December.