§ Sir G. Hutchinsonasked the Financial Secretary to the Treasury whether he has any statement to make about allowing local authorities to borrow from the Public Works Loan Board for less than the full period of the Departmental sanction.
§ Mr. Boyd-CarpenterYes. After further consideration and consultation with the Departments mainly affected, communications have been sent to the Standing Committees of local authority associations, both in England and Wales and Scotland, proposing that these shorter loans should be made for all but certain defined purposes and suggesting a further meeting to discuss details of the proposals.