§ Mr. Allaun
asked the Chancellor of the Exchequer how many local authorities have borrowed from the Public Works Loan Board in the last twelve months; what were the sums involved; and if he will analyse the number and amount of these loans according to the period of repayment.
§ Mr. Barber
Nine hundred and eighty-one local authorities borrowed over £45 million from the Public Works Loan Board during the twelve months ended 31st March, 1960, the latest period for which figures are readily available. The value of the loans advanced for various periods are:
Period for Repayment. Value of Loans Advanced. £ Not more than 5 years 364,859 More than 5 years but not more than 15 years 4,668,319 More than 15 years but not more than 30 years. 21,858,477 More than 30 years 18,422,242 Total £45,313,897
I regret that the number of loans advanced for the various periods is not readily available.