HC Deb 20 May 1895 vol 33 c1610
MR. YERBURGH

I beg to ask the Chancellor of the Exchequer whether, seeing that, owing to the depreciation in the value of agricultural land, and the extra charges entailed by the new Death Duties, the large majority of landowners are unable to pay the heavy rates of interest charged to borrowers under the various Land Improvement Acts, the Government will advance money at the lowest possible rate of interest to landowners for the erection of farm buildings and of cottages, for drainage, and for such other improvements as are requisite for the proper cultivation of the soil?

THE CHANCELLOR OF THE EXCHEQUER (Sir W. HARCOURT,) Derby

This is a very large question, and I could not pronounce upon it without having a regular plan laid before me for the purpose. But, according to the information I have, in consequence of the great abundance of money at the present time, there never was a period at which money could be obtained on mortgage of land at so low a rate of interest.