§ Mr. Peter Walkerasked the Minister of Housing and Local Government what is the average rate of interest paid by local authorities on their total outstanding debt; and what was that rate in October 1964.
§ Mr. SkeffingtonThe average rate of interest paid by local authorities on their total outstanding debt in 1967–68 (the last year for which information is available) is estimated at 5.6 per cent. The average for the year 1964–65 was 4.9 per cent.