§ Mr. Pageasked the Chancellor of the Exchequer whether he will now make a statement about the rates of interest charged to local authorities borrowing from the Local Loans Fund.
§ Mr. ErrollA Treasury Minute made yesterday provides that loans advanced to local authorities from the Local Loans Fund on and after 28th March, 1959, until further notice shall carry the following rates of interest:
per cent. Loans for not more than 5 years 5 Loans for more than 5 years but not more than 15 years 5¾ Loans for more than 15 years but not more than 30 years 5¾ Loans for more than 30 years 5¾