§ Mr. T. THOMSONasked the Chancellor of the Exchequer what were the terms of repayment specified for loans made in 1919 and 1920 to public utility societies in connection with housing schemes under the Housing and Town Planning Act, 1919?
§ Captain KINGUnder the form of indenture executed by public utility societies borrowing from the Local Loans Fund in 1919 and 1920, the societies undertook to repay loans by equal half-yearly instalments of principal and interest combined sufficient to repay the loan, with interest, in the period far which it was granted. The societies further undertook not to ask the Public Works Loan Commissioners to accept repayment otherwise than by means of such half-yearly payments.