§ 57. Mr. Arthur Lewis
asked the Secretary of State for Trade and Industry whether he is aware that some public companies are charging excessive interest rates on second mortgages; and whether, in support of the Government's counter-inflationary measures, he will, either in his forthcoming budget or by special legislation, seek to control the amounts of such interest charged.
§ Sir G. Howe
The application of profits control to financial institutions under the second stage of the counter-inflation programme is under consideration.