Mr. T. THOMSONasked the Minister of Health upon what terms of interest and repayment money may now be borrowed for the Public Works Loan Commissions or other bodies making the same in respect of land, road, sewers, and buildings?
§ Sir W. JOYNSON-HICKSThe cost of raising money for loans by the Public Works Loan Commissioners depends upon the price of local Loans Stock. The interest yield at the present price is about 4⅝ per cent. There is no sinking fund attached to the stock.