§ Mr. Gordon Wilsonasked the Secretary of State for the Environment what is the current rate of interest payable by the Housing Corporation on sums borrowed from public funds.
§ Mr. StanleyThe rate of interest on loans to the Housing Corporation from the national loans fund is that prevailing at the date of borrowing. Rates of interest on loans outstanding range between 9¼ per cent. and 15⅛ per cent. The current NLF rates are 14¼ per cent. for 40 years equity rate loans and 14⅜ per cent. for maturity loans of up to five years.