§ Mr. Geoffrey Finsbergasked the Secretary of State for the Environment whether the Greater London Council increase in rate of 80 per cent. is the largest in England and Wales so far reported to him.
Quota rales Non-quota rates Instalment Maturity Instalment Maturity Up to 5 years … … … 13 13⅝ 14⅜ 14⅝ Over 5 years and up to 10 … 13¾ 16½ 15⅜ 16½ Over 10 years and up to 15 … 15⅞ 17⅛ 16¼ 17¼ Over 15 years and up to 25 … 17 17⅜ 17 17⅝ Over 25 years … … … 17⅜ 17½ 17⅝ 17⅜ The quota rates reflect the level of interest on Government borrowing and the non-quota rates reflect the level of interest available to local authorities on the open market.