HC Deb 06 December 1966 vol 737 cc253-4W
73 and 74. Mr. James Johnson

asked the Minister of Housing and Local Government (1) why he has instructed Kingston-upon-Hull City Council to charge Engravers (Hull) Limited a rate of interest of 9 per cent.;

(2) whether he sought the advice of the Yorkshire and Humberside Regional Planning Council before instructing Kingston-upon-Hull City Council not to lend money to Engravers (Hull) Limited at 9 per cent.

Mr. MacColl

The Answer to the first Question is that Kingston-upon-Hull Council has proposed financial arrangements which are the equivalent of an interest rate of 8⅛ per cent. In preliminary discussion the Department has suggested that a higher level of interest would be appropriate for local authorities outside development areas, subject to any representations which the council may wish to make about the special circumstances of this case.

As regards the second Question the Answer is "No".