Oral Answers to Questions — National Debt (Rate of Interest).

– in the House of Commons on 9th March 1922.

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Photo of Mr Neil Maclean Mr Neil Maclean , Glasgow Govan

56.

asked the Chancellor of the Exchequer whether he is aware that an Act to reduce the rate of interest from 4 per cent. to 3½ per cent.

4,000 branches would be called on to pay £2,000 at the 10s. rate?

Mr. YOUNG:

Yes, Sir, undoubtedly. In dealing with this matter such considerations will be very carefully taken into account.