§ 69. Mr. Owenasked the Minister of Housing and Local Government and Minister for Welsh Affairs what is the total amount of Government credit made available to building societies at the nearest convenient date, and at what rate of interest; and whether he will make a statement.
§ Mr. H. BrookeUp to 31st March, loans by societies qualifying for Exchequer advances under the scheme totalled £24 million. Actual advances from the Exchequer amounted to £16½ million up to 6th May. Interest is payable on these at 5 per cent.