asked the Minister for Local Government if he will state what relief, if any, is being given, or proposed to be given, to local authorities to offset the increased interest rate now being charged on local loans for building purposes.
Ceisteanna—Questions. Oral Answers. - Interest on Local Loans.
Mr. Murphy
The effects of the increase in the Local Loans Fund lending rate, in the case of housing schemes of local authorities, will be fully offset by additional State subventions. An announcement in the matter will be made shortly.