§ 54. Sir ALFRED LAW
asked the Financial Secretary to the Treasury if the rate of interest charged by the Public Works Loan Board on loans to local authorities for housing purposes is likely to be re (laced from £5 per centum per annum within the next one or two months?
§ Mr. PETHICK-LAWRENCE
This rate depends on the market price of gilt-edged stocks. I regret that I have no means of forecasting for the hon. Member the future trend of prices on the Stock Exchange, which no doubt many persons would be glad to know.