Local Authorities (Borrowing Facilities)

HC Deb 12 March 1946 vol 420 c176W

58. Mr. Emrys Hughes

asked the Chancellor of the Exchequer if he will consider removing or modifying the recent restrictions placed on local authorities for borrowing from municipal banks.

Mr. Dalton

No, Sir. I think that present arrangements are reasonable having regard to the facilities now enjoyed by local authorities of borrowing at gilt-edged rates from the Local Loans Fund.