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Loans To Local Authorities For Erection Of Schools—Extension Of Time For Repayment

Volume 175: debated on Wednesday 12 June 1907

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To ask the President of the Local Government Board whether he will consider the advisability of meeting the wishes of local authorities desiring an extension of the period for the repayment of loans when the money borrowed is to be, or has been, expended upon the erection of schools, which are obviously intended to last for more than thirty years. (Answered by Mr. John Burns.) The general practice of the Local Government Board has been to allow a period not exceeding thirty years for the repayment of loans for buildings. I have had occasion to consider the matter, and it does not appear to me that there is any sufficient reason for allowing a longer period in the case of schools.