§ 13. Mr. Spriggsasked the Chancellor of the Exchequer what effect he estimates the increased building society interest rates will have on the cost-of-living index; and how other new interest rates will affect the ultimate cost of £1,800, £1,900, and £2,000 council houses financed with loans borrowed from the usual sources.
§ Mr. BarberNone. The answer to the second part of the Question is that the recent change in the Public Works Loan Board lending rates would increase the charges for sixty-year loans of the sums mentioned by £125, £132 and £139, respectively.