Mrs. Hillasked the Chancellor of the Exchequer whether he will make a statement about the rates of interest chargeable to local authorities borrowing from the Local Loans Fund.
§ Mr. H. MacmillanA Treasury Minute made today provides that loans advanced to local authorities from the Local Loans Fund on and after 23rd June, 1956, shall carry the following rates of interest:
per cent. Loans for not more than five years 5¼ Loans for more than five years but not more than 15 years 5½ Loans for more than 15 years 5½