Local Authorities' Surplus Funds (Investment)

Part of Oral Answers to Questions — National Finance – in the House of Commons on 25th April 1944.

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Photo of Mr Reginald Sorensen Mr Reginald Sorensen , Leyton West

asked the Financial Secretary to the Treasury what are the difficulties preventing local authorities from lending any surplus funds to the Treasury free of interest; and whether he is taking any steps to enable local authorities to do this if they should so desire.