White Fish Authority (Loans)

HC Deb 13 July 1960 vol 626 cc115-6W

Mr. Prior

asked the Chancellor of the Exchequer whether he will review his decision not to vary fixed interest loans for new fishing vessels received through the White Fish Authority.

Mr. Barber

The rate of interest on money advanced by the White Fish Authority is based on the rate at which the Authority borrows from the Exchequer. It would not be desirable to alter this arrangement.