§ Mr. Mathewasked the Chancellor of the Exchequer whether he will make a statement about the rates of interest charged to local authorities borrowing from the Local Loans Fund.
§ Mr. BarberA Treasury Minute made yesterday provides that loans advanced to local authorities from the Local Loans Fund on and after 16th July, 1960; until further notice shall carry the following rates of interest:
Loans for not more than 5 years 6¼ percent. Loans for more than 5 years but not more than 15 years 6¼ per cent. Loans for more than 15 years but not more than 30 years 6⅛ per cent. Loans for more than 30 years 6 per cent.