§ Mr. D. Smithasked 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. du CannThe rates for P.W.L.B. loans to local authorities for over 15 years were reduced from 6⅛ per cent. to 5⅞ per cent. from Saturday, 8th December. This means that the P.W.L.B. rates are now 5⅞ per cent. for all periods.