§ Mr. Hordernasked the Chancellor of the Exchequer what is the cost to the Exchequer of subsidising local authorities' access to die Public Works Loans Board at the rate of 5⅞ per cent.
§ Mr. MacDermotIt is estimated that on the total of loans made in 1965–66 some £5 million less will be received in interest payments each year than would have been received if the Exchequer credit rate had been charged.