West Ham Guardians (Loans).

Part of Oral Answers to Questions — Agriculture. – in the House of Commons on 28th July 1924.

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Photo of Mr William Thorne Mr William Thorne , West Ham Plaistow

58.

asked the Minister of Health if he is aware that 4¾ per cent. interest has been charged to the West Ham Board of Guardians for the loan of the last £400,000; what is the total amount of money that has been loaned to the West Ham Board of Guardians during the last three years; if he is aware that in the course of about eight years the board will have paid nearly £300,000 in interest on account of the Government charging interest upon money loaned them varying from 6 per cent to 4¾ per cent.; and what profit the Government has made upon the transaction?