HC Deb 05 July 1956 vol 555 cc138-9W
Mr. Mitchison

asked the Chancellor of the Exchequer what changes have been made in the rates of interest charged by the Public Works Loan Board to local authorities and to bodies other than local authorities since 31st March, 1955.

Mr. H. Brooke

The rates charged by the Public Works Loan Board to local authorities have been these:

Mr. H. Brooke

The total of advances made under the Public Works Loans Act, 1955, up to 31st March, 1956, was £364.3 million. The purposes for which these advances were issued are shown in detail on page 6 of the Eighty-first Annual Report of the Public Works Loan Board, 1955–56, which is available in the Vote Office today.

The total of advances issued since 31st March, 1956, up to the end of last week was £37.5 million, for the following purposes:

£ million
Education 1.3
Public health 2.4
Housing 28.5
Re-borrowing 0.4
Other purposes 4.9
37.5

Mr. Mitchison

asked the Chancellor of the Exchequer whether he will classify by rates of interest and by methods of repayment the amounts advanced to local authorities out of moneys issued under the Public Works Loans Act, 1955, up to 31st March, 1956, and, since then, up to the latest convenient date.

Mr. H. Brooke

The classification of the amounts issued under the Public Works Loans Act, 1955, up to 31st March, 1956, by rates of interest and method of repayment is shown on page 6 of the Eighty-first Annual Report of the Public Works Loan Board, 1955–56, which is available in the Vote Office today.

I regret that without a very great deal of labour it would not be possible so to classify the amounts issued since 31st March.