§ Mr. Haymanasked the Chancellor of the Exchequer how many applications were received for help under the
— 1951–52 1958–59 1959–60 to 19th March £'000 £'000 £'000 Total cost of interest and management of National Debt … 561,270 868.773 851,676 Interest met from receipts of interest on Exchequer loans to local authorities, nationalised industries and other borrowers … 47,671 206,096 228,884 Interest and management met from revenue … 513,599 662,677 622,792 Per cent. Per cent. Per cent. Bank Rate at beginning of year … 2 6 4 Changes of Bank Rate: new rates and dates of changes … 2½ 8.11.51 5½ 22. 5.58 5 21. 1.60 4 12. 3.52 5 19. 6.58 4½ 14. 8.58 4 4.11.58 As to the last part of the Question, if Bank Rate and yields on Government debt reverted today to their levels of 1st April, 1951, that would have no effect on the cost of servicing the debt outstanding today; it would have some effect on the cost of servicing any debt issued after today, the amount of which effect would depend upon the amounts and forms of debt issued, and is therefore unpredictable.