Exchequer Bill Loan Commission Explained

The Exchequer Bill Loan Commission of the United Kingdom was set up under the Poor Employment Act 1817 (57 Geo. 3. c. 34), to help finance public work projects that would generate employment. Commissioners included Thomas Telford and Francis Ludlow Holt.^[1]

The body continued as part of the Public Works Loan Board, but its loans were restricted to twenty years by the Public Works Loan Act 1853.^[2]

Notes and References

1. Web site: Engineering Timelines - Thomas Telford.
2. Book: Christine Bellamy. Administering Central-Local Relations, 1871-1919: The Local Government Board in Its Fiscal and Cultural Context. 10 March 2013. 1988. Manchester University Press. 978-0-7190-1757-5. 81–2.