§ Mr. AingerTo ask the Chancellor of the Exchequer if he will list the current Crown Estate Commissioners; how were they appointed; when were they appointed; and how long their appointment will last.
§ Mr. Kenneth ClarkeThe information requested is set out in the table:
1979–83; from 1984 onwards, it gives the rates for the largest 20 societies. The interest rate paid to investors has been enhanced to take account of withheld tax paid by societies direct to the Inland Revenue, on investors' behalf. The latest available figures are for 1 January 1994. These rates are taken from "Financial Statistics" published by the CSO.
533W
Date Average Mortgage Rate Gross Average Share Rate Differential 1979 11.94 12.07 -0.13 1980 14.92 14.77 0.15 1981 14.01 13.13 0.88
Date Average Mortgage Rate Gross Average Share Rate Differential 1982 13.30 12.57 0.73 1983 11.03 10.39 0.64 1984 11.76 11.29 0.47 1985 13.51 12.78 0.73 1986 11.92 11.10 0.82 1987 11.56 10.42 1.14 1988 10.97 9.38 1.59 1989 13.61 12.30 1.31 1990 14.99 14.04 0.95 1991 12.72 11.01 1.71 1992 10.64 8.45 2.19 1993 8.09 5.78 2.31 11994 7.94 5.32 2.62 1 1 January. I should point out that the January 1994 mortgage rate quoted in reply to previous questions, 14 February, column 579, and 24 February, columns 273–75, should also have read 7.94 per cent. and not 8.00 per cent.