HC Deb 10 July 1962 vol 662 cc113-4W
29. Mr. Hunter

asked the Chancellor of the Exchequer what was the total amount of loans to local authorities by the Public Works Loan Board in 1961; and what was the amount of loans this year, at the latest convenient date.

Sir E. Boyle

During 1961 the Public Works Loan Board lent £52.2 million to local authorities. Loans made up to 6th July this year amount to £22.8 million.

30 and 31. Mr. Millan

asked the Chancellor of the Exchequer (1) if he will state the rates of interest for longterm borrowing from the Public Works Loan Board from October, 1951, to date;

(2) if he will state the total sums lent by the Public Works Loan Board to local authorities in Scotland in each of the years from 1951 to date.

Sir E. Boyle

The following is the Answer:

Public Works Loan Board Rates of Interest for Long-Term Borrowing
Date Rate per cent. For loans for more than 15 years
October, 1951 (rate operative from January, 1948) 3
8th November, 1951
8th February, 1952
19th October, 1953 4
3rd June, 1954
28th February, 1955 4
8th July, 1955
11th August, 1955
7th September, 1955 5
13th January, 1956
23rd March, 1956
19th October, 1956
15th February, 1957
12th July, 1957
27th September, 1957
24th February, 1958
22nd August, 1958 6
Rate for loans for more than 30 years
24th October, 1958
28th January, 1960 5⅞
14th July, 1960 6
17th August, 1960 6⅛
31st May, 1961
3rd August, 1961 7
8th November, 1961
Yearly Totals of Loans made by the Public Works Loan Board to Local Authorities in Scotland
£ million
1951–52 48.9
1952–53 51.6
1953–54 40–2
1954–55 33.6
1955–56 44–2
1956–57 11.0
1957–58 10–0
1958–59 7–0
1959–60 5.2
1960–61 4.1
1961–62 5–1
April,1962–6th July, 1962 1–7