Public Works Loan Board (Interest Rates)

HC Deb 14 March 1961 vol 636 cc107-8W

Mr. Gourlay

asked the Chancellor of the Exchequer what were the long-term rates of interest, charged by the Public Works Loan Board as at 31st December, in each of the years 1946, 1950. 1951, 1955 and 1960.

Mr. Selwyn Lloyd

The rates of interest charged by the Public Works Loan Board on advances to local authorities for more than thirty years on these dates were:

	Per cent.
31st December, 1946	…	…	2½
31st December, 1950	…	…	3
31st December, 1951	…	…	3¾
31st December, 1955	…	…	5
31st December, 1960	…	…	6⅛