HC Deb 10 December 1962 vol 669 c22W
Mr. D. Smith

asked 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 Cann

The 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.