Mr. Edward M. Taylor
asked the Chancellor of the Exchequer whether the measures relating to the control of municipal house purchase schemes will apply to Scotland; and what will be the estimated effect.
§ Mr. Diamond
As my right hon. Friend said in his statement on 27th July, lending by local authorities on mortgage for house purchase will, with their co-operation, be restricted to the average of the three years ended 31st March, 1965. In Scotland, lending by local authorities is already running at about this average rate.