Public Works Loans (Interest)

Part of Oral Answers to Questions — National Finance – in the House of Commons at 12:00 am on 20th January 1948.

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Photo of Mr Philip Piratin Mr Philip Piratin , Stepney Mile End 12:00 am, 20th January 1948

asked the Chancellor of the Exchequer whether he will make a statement giving the reason for increasing the rate of interest to be paid by local authorities to the Public Works Loan Board from 2½ to 3 per cent.