§ Mr. Younger
asked the Chancellor of the Exchequer what was the total sum of interest paid by local authorities on loans from the Public Works Loan Board and other Government Departments in 1967 in England, Wales, and Scotland, respectively.
§ Mr. Harold Lever
In 1967 English and Welsh authorities paid£169.9 million to the Public Works Loan Board in respect of interest on their outstanding debt to the Board. Figures for the two countries are not separately compiled. In addition£586,026 was paid by way of interest on loans from the Minister of Transport on advances towards the cost of the Dartford Tunnel and the First Mersey Tunnel.
Over the same period, Scottish local authorities paid£24.8 million in respect of interest to the Public Works Loan Board and£632,000 by way of interest on loans from the Secretary of State for Scotland, nearly all of which was in respect of interest on advances towards the cost of the Forth and Tay road bridges.